Positive expected value (+EV) betting
-
Can anyone recommend a good course that teaches Positive expected value (+EV) betting? Preferably for the UK betting sites.
-
@Fearghal-Downes Convert your % SR to decimal format using the formula 1/SR%
So with a SR of 85% as per the previous example a neutral back price is 1.18. lower is -EV and higher is +EV
For laying the SR is 15% so a neutral lay price is 6.56 so 5.0 would be +EV and 7.0 would be -EV
-
If you find using a piece of software, (let's call it BTC football software) , that you have a strategy that produces a SHG strike rate of 85% and you can lay next Under at 5, you have found positive value.
Which is a roundabout way of saying, everything you need for positive value is on this site.
-
@Fearghal-Downes ah right, so what we do here then? Like in Poker just finding value.
-
@Martin No, value betting or positive EV betting is what they call it in the US. It's similar to arbing in a way. It's finding odds that are off and placing a single bet on that.
-
@Fearghal-Downes as in arbing?
