Expected Value (EV) Calculator

The Expected Value (EV) is a crucial concept in gambling and betting, helping you determine whether a bet is profitable (+EV) or unprofitable (-EV). By calculating the EV of your bets, you can make informed decisions and increase your long-term profitability.

Use our Expected Value Calculator to analyze the profitability of any bet based on potential winnings, probability, and risk.

Win Probability (%)

Win Amount

Lose Probability (%)

Lose Amount

How to Use the Expected Value Calculator:

Enter the probability (%) of winning.
Input the amount won if the bet is successful.
Enter the probability (%) of losing.
Input the amount lost if the bet fails.
Click Calculate to see the Expected Value (EV) of your bet.

Why Expected Value (EV) Matters?

Understanding EV helps you:

Identify Profitable Bets: A positive EV (+EV) means you have an edge over the bookmaker.
Avoid Bad Bets: A negative EV (-EV) means you are expected to lose money in the long run.
Improve Your Betting Strategy: Professional gamblers use EV calculations to maximize returns and minimize risks.

Pro Tip:

The higher the EV, the better the bet. Professional bettors and casino advantage players only place bets when the EV is positive!

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