What is expected value in sports betting?

expected value

EXPECTED VALUE (EV)

In probability theory, the expected value of a random variable, intuitively, is the long-run average value of repetitions of the experiment it represents.

E.g. the expected value of getting tails in a coin toss is 0.5 or 50% chance of the outcome occurring.

With Trademate your EV is equal to your edge % x your stake size in a given game. We also separate between your EV based on your edge placed and your EV based on your closing edge.

Here’s a video where trademate’s Alex Vela talks about what expected value is in sports betting.

The latter being the most important. You can read more about the closing line in this article.