Expected Value Calculator for Sports Betting | July 2025
The Positive EV betting calculator helps you to make sharper bets against the sports betting sites. When using the EV calculator, you can identify wagers that can give you the edge over the house. This is sophisticated software that can scan all the latest odds and identify value every time.
A growing number of bettors are now making Positive EV bets. This means a greater chance of landing a return on investment over time. The good news is that sports betting calculators, such as a positive EV calculator, take away the hassle and time needed to find these bets. We will explain how the +EV betting calculator from OddsJam works – this company is the pioneer behind these trading tools.
This guide will provide lots of information when it comes to +EV betting. We’ll explain how this works, including the calculations to arrive at the best value wagers.
What is Expected Value in Sports Betting?
Customers should always look for a positive EV with their sports bets. Getting the expected value every time gives you a greater chance of beating the sportsbooks.
You take the odds for a betting selection and the stake you’re looking to place. You also need to know the probability of this outcome winning. When this data is entered into a calculator, you can assess whether there is a positive expected value. Expected value will be there if the odds involve a bigger payout than the actual probability suggests.
Let’s give you a simple example. If you were offered +110 on a coin toss and you were staking $50, then you would have an expected value of $5. That is because you have the edge on a bet where there’s always a 50% chance of the outcome happening.
What is Positive Expected Value Betting?
Positive Expected Value Betting is a strategy used by skilled sports bettors and gamblers to make bets that are expected to be profitable. This is a data-driven principle that uses mathematics to make calculated bets.
A Positive EV betting calculator will help you achieve this aim regularly. We always want the odds to provide a bigger potential payout than the probability suggests. The best indicator of probability is from the sharpest sportsbook, or it might be from another data source.
Imagine you wager $200 on the New England Patriots +110 moneyline at DraftKings Sportsbook. That would give you a potential return of $420 if the bet won. However, another sportsbook might have -105 moneyline odds for the Pats instead.
The latter would imply that no commission odds would be +100, and they have a 50% probability of winning. Therefore, the above bet would provide an expected value of $10.
How Does +EV Betting Work?
It’s clear why +EV betting is important to sports bettors. Rather than sportsbooks having a house edge, +EV betting turns the tables and gives you a better chance of a return. Although winning is never guaranteed, placing EV bets is the smarter way to wager because it’s a data-led approach where you take the emotion out of your betting choices. Instead, you can use statistical information to inform your sports betting.
If the Boston Celtics are playing the Orlando Magic in the NBA, they might be -133 on the Moneyline. Those NBA odds imply that they are 57% likely to win the game. However, you might have the probability of 60% probability instead. A $200 bet would therefore mean an expected value of $10. If the probability was even higher at 65%, then the positive EV would be $27.50. Therefore, it’s all about finding odds that far exceed the actual probability.
How to Calculate Expected Value in Sports Betting?
The standard formula for expected value is: EV = (Probability of Win) x (Profit if Win) + (Probability of Loss) x (Stake). This is the formula in the OddsJam +EV betting calculator. It’s therefore a case of entering the data into a positive EV calculator to assess certain odds.
You need to find the biggest odds for the selection you want to back. You can use the best sports betting apps odds to get this. You can enter the odds along with your proposed stake. It’s also the case that you will need a precise probability of an outcome happening.
What Is Vig on EV Betting?
When it comes to EV gambling, it’s always good to understand the vig. The vig is the house edge that is built into every sports bet.
If you are betting on a point spread market, both the Miami Heat and the Denver Nuggets might be listed at -110. However, if there was no juice, then each side would be +100 instead, as they have a 50% chance of winning on this market.
EV gambling aims to lower the vig by making selections at fair odds. To do this, you need to find the best odds first. Although a no-commission bet is rare, the sportsbooks will differ when it comes to the odds provided. It’s therefore all about finding picks at the right prices.
How to Use a Positive Expected Value Calculator?
To partake in EV plus betting, we recommend you use a Positive Expected Value Calculator. This will tell you two things. Firstly, whether there’s a positive EV for a pick. Secondly, the amount of expected value that exists.
The first step is to find a pick at the biggest possible odds, whether this is an NBA or NFL game, or any sports or betting market you enjoy betting on. Then, you can decide on how much you want to stake.
Using the positive EV betting calculator, you can then enter the probability of this pick winning. To understand the probability, it determines the fair odds of the bet. The sharpest sportsbook is a useful guide in ensuring that you know the overall probability. This will then yield the positive expected value if any exists.
When to use a Positive Expected Value Calculator?
There are many sportsbooks where you can sign up for an account. It’s recommended that you hold accounts with as many as possible. This is because they all offer several types of bets. They also differ in terms of the odds that are available for the same selection. This is where you can take advantage and experience EV plus betting.
OddsJam has a positive EV betting calculator and makes it easy for customers in several ways. They have software that will scan the odds of all the leading sportsbooks.
This will highlight where you can take advantage of value bets. There are also free coaching calls available and other educational resources. Utilizing these calculator will enable you to have a better chance of realizing a return.
How to Create an OddsJam Account
The first step is to tap through to the OddsJam site. You then choose from a couple of different options. There’s a Gold and a Platinum package. You can try seven days free with each of these packages to experience this service and decide whether to continue.
To start a free trial, you can simply use Apple Pay, Google Pay, a Credit Card, or Stripe Link. There’s the option to choose monthly pay or go for annual pay. There is also the option to enter the OddsJam Promo Code BOOKIES to get a discounted rate.
How to Get the OddsJam Promo Code
Bookies.com has teamed up with OddsJam to ensure that readers can get a discount on the fantastic service provided by this company. We have the OddsJam Promo Code BOOKIES available, which can be entered when you arrive at the payment page.
Choose which package you want to take, and then enter the code to ensure that you enjoy this benefit. There’s also the chance to experience a seven-day free trial to see if this is something you enjoy.
Positive Expected Value Calculator FAQ
What is +ev betting?
+EV betting means getting positive expected value from your sports wagers. This means placing a bet knowing that you have some kind of edge against the sportsbook. +EV is calculated according to the odds and the actual probability of that pick winning. It theoretically gives you a greater chance of landing a return.
Does Positive EV betting work?
Yes, Positive EV Betting works because you are using a system correctly and following a staking plan. It requires commitment and an understanding that you might not win with every bet. However, many customers have profited on a long-term basis from their EV sports betting. It doesn’t even require you to have any knowledge of sports betting.
What is a positive EV in sports betting?
Positive EV is a monetary amount that highlights the edge you have with each bet. The bigger the EV, the more attractive a particular wager is. It’s essentially the discrepancy between overly-generous odds and the actual probability of a selection winning. By backing these picks over time, you are likely to yield a return.
What is OddsJam?
OddsJams is a company who offer a subscription service. This allows customers to access lots of software including the Positive EV betting calculator. You can benefit from having customer support and coaching calls on a regular basis. Also gain access to a wide range of sportsbooks and standout odds.
Is OddsJam legit?
Yes, OddsJam is a legit company which is now trusted by over 100,000 customers. They’re a global company who were founded in order to provide betting tools to those wanting to wager smarter on sports. They have a number of reviews which testifies to their overall standing.
What is the OddsJam Promo Code?
The OddsJam Promo Code is BOOKIES. It can be entered when you sign up for an account. This will enable you to land a discount as part of your subscription. The code should be input on the payment page and will ensure that your overall rate is reduced when you get started with this company.
How to find Positive EV bets?
EV gambling is made a good deal easier thanks to the service provided by OddsJam. In fact, having an account with this provider means that you will see positive EV bets flagged up on a regular basis. Alternatively, you can manually use the positive EV betting calculator to determine whether a bet provides value.
What is Expected Value in sports betting?
EV sports betting involves having a perceived edge over a sportsbook with your bet. It isn’t a guaranteed win but means your wager stands a better chance of success than the odds imply. The selections aren’t always the favorites and it requires bettors to commit to a long-term policy.
How to calculate expected value (EV)?
Calculating expected value involves having the best betting odds and the probability to hand. It also requires you to nominate a stake with which you are going to bet. You can use a positive Expected value calculator at OddsJam to determine the expected value and see how much edge you can gain.
What’s an Expected Value Calculator?
A positive EV calculator uses a formula to help you understand the expected value. It will firstly tell you whether there’s a positive value or not. If there is, then it’s a bet worth following and the value should ideally be as high as possible. The software is designed to help you achieve a long-term return.
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