The Odds Value Calculator, or EV (Expected Value) Calculator, helps users find the expected value for bets based on the given odds and implied probability that the bet will hit.
You can find the Betting Calculators on the top bar of the home page or if you scroll down and check the right side of the home page.
The picture above is an example of a particular wager that many people are likely familiar with — the Super Bowl coin toss. Many sportsbooks post this prop with -105 odds on each side, though the likelihood of each side winning is exactly 50%.
Simply fill in the odds, win probability of 50 and the amount you are wagering. Once you enter all three fields, the Expected Value of the bet will be calculated.
If you made this bet once, you'd obviously either win or lose your $100. However, if you made this bet 1,000 times, you'd essentially be expected to lose an average of $2.40 each time you bet it.