We give real-time recs, you make bets. Making use of the same example above, if you think -130 is the appropriate chances for the Eagles to win and the opposite side has chances of +110, we can calculate the Consensus No Vig Probabilities"-- aka the rate that sportsbooks would certainly provide if they weren't taking a cut.

So, if -119 is a fair wager, you are getting a great deal at -105, developing a what do positive and negative betting odds mean EV bet. Most bets have an unfavorable expected value because of the sportsbook's vig. As an example, if a sportsbook has a market with 2 sides having -110 chances each, the implied possibility of each side winning is 52.38%, according to the probabilities.

Implied probability is the chance that a wager will win based on the probabilities from the sportsbook. If virtually every sportsbook has the Philadelphia Eagles to win at -130 chances however one sportsbook has them at -105, we presume that -130 is the appropriate cost, indicating there's worth at -105.

For instance, on a typical 2-way wager with both sides having -110 probabilities, your expected worth is -4.55% or a loss of $4.55 on a $100 wager. While you won't usually locate 50% ROI bank on on-line sportsbooks, it's feasible to discover ROIs varying from 1% to 10%+ fairly often.