We give real-time recs, you make bets. Using the exact same instance above, if you think -130 is the correct odds for the Eagles to win what do positive and negative betting odds mean the other side has odds of +110, we can calculate the Agreement No Vig Chances"-- also known as the cost that sportsbooks would certainly use if they weren't taking a cut.

While +EV wagers will not constantly win, they need to mathematically make a profit over time if you constantly bet them. To really recognize favorable EV wagering, you initially should recognize implied chance. In this instance, your expected worth is 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) in time.

Anticipated value (EV) is how much your wager is expected to return, typically shown as a portion or roi (ROI). ROI: The expected lasting return on investment based upon the +EV bet probabilities and the consensus no vig chances. As an example, if you use the same heavy coin over and call tails every single time, you may lose your very first 2 coin flips, but with time you'll turn a profit as the results will begin assembling to tails winning 75% of the time.

For example, on a common 2-way wager with both sides having -110 probabilities, your expected worth is -4.55% or a loss of $4.55 on a $100 bet. While you won't typically find 50% ROI bets on on-line sportsbooks, it's possible to locate ROIs ranging from 1% to 10%+ rather often.