The following formula is used to compute expected value: (Probability of winning) x (Amount won per bet) – (Probability of losing) x (Amount lost per bet). For ease, you can use our expected value calculator.
How do you calculate expected value?
The following formula is used to compute expected value: (Probability of winning) x (Amount won per bet) – (Probability of losing) x (Amount lost per bet). For ease, you can use our expected value calculator.