Expected Value in Sports Betting
Expected value is the average result of a bet repeated forever. It is the only number that separates a good bet from a bet that happened to win.
6 min read
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Measuring what happened rather than remembering it: return on investment, expected value, win rate, and what a sample of bets can and cannot tell you.
Expected value is the average result of a bet repeated forever. It is the only number that separates a good bet from a bet that happened to win.
6 min read
Nobody remembers their betting record accurately. The wins are vivid, the losses blur, and the net figure people quote is reliably too good.
5 min read
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