# How to Calculate Your EV and Bet on Sports

You love sports. You probably enjoy sports more than you love your actual job. You follow the games, you root for your favorite teams, and maybe you even consider watching sports to be essential to living your life. Maybe even a little dangerous, too. It’s not that you’re a fanatic, but you definitely understand the allure that sports can have over a television set or an iPad.

If you’re interested in placing bets on sporting events, you’ve probably considered the following:

## The Downsides Of Calculating Your Winning Odds And Expenses On Sports

One of the biggest problems with calculating your odds and expenses on sports is that it requires a lot of work. Before you begin, you’ll need to figure out how to set your line and what odds to use. Once you have those numbers, you’ll need to check the activity for the day and follow all the games to get your winnings and losses. It’s a lot of work that can be avoided by simply watching the games and anticipating the outcome. It’s also not as easy as it seems. You’ll need to do some serious number crunching to ensure that you get your winnings and expenses right on a weekly basis.

## The Upsides Of Calculating Your Winning Odds And Expenses On Sports

If you’re looking for a way to enjoy your time while also getting a small return on your investment, then calculating the odds and expenses for sports is the way to go. Since you’re doing this as a way of entertainment, you don’t have to focus on earning a huge sum of money. Instead, you can set a limit on how much you’ll spend and get back what you put in. Plus, you’ll have the added satisfaction of seeing the results of your hard work. A bonus of this system is that you’ll get to determine the outcome of the games. It adds a level of excitement that simply watching the game didn’t provide. The downside is that you’ll need to put in the time to figure out how to set up the calculations. Once you’re done, you’ll need to check the activity for the day and follow all the games to get your winnings and losses.

## How To Calculate The EV And Bet On Sports For Dummies

If you’re looking for an easy way to calculate the EV and Bet on sports without needing a PhD in mathematics, then look no further. This article will tell you exactly how to do it. You’ll need to have access to a calculator to follow along, so don’t be afraid to bring one to school or work. In addition to helping you calculate the EV and Bet on Sports, this article will also teach you how to handicap games and how to determine the appropriate odds to use based on the type of sport and events you’re interested in.

### Step One: Figure Out How To Calculate Your Winning Odds And Expenses

The first step is to figure out how to calculate your winning odds and expenses. You’ll need to decide what sports and events you’ll be using this tool for and what line (or odds) you want to use. To keep things simple, let’s say you’re interested in horse-racing, and you’ve decided to use the Churchill Downs as your venue. In addition to horse-racing, you’ll also be using this tool for college basketball and football games – imagine that! – so let’s say you want to use the line for those events as well. Your final step will be to cut and paste the appropriate odds into the tool so it can be used for all the games you’ve chosen.

### Step Two: Set Up Your Limits

The next step is to set up your limits. Remember, this is a tool for entertainment purposes only, so you don’t have to worry about losing a lot of money. What you do need to do is set a maximum amount of money you’re willing to lose on a weekly basis. For example, if you’re playing the horses and you’ve set a limit of \$500 per week, you’ll need to stay below that amount or you won’t be able to follow the games. Remember, this is just an example; you can use whatever limits make the most sense for you. Once you’ve set your limits, move on to Step Three.

### Step Three: Enter Your Data

In the third step, you’ll need to enter your data. You have two options here: either manually or using a spreadsheet. Using a spreadsheet is the more sophisticated route, but it’s also the more work. If you’re entering your data manually, it’s best to do it as soon as possible after you’ve entered your limits in Step Two. This will help you avoid any issues with missing data. The manual route is easier to keep track of and to update as needed. When entering your data manually, you’ll need to:

• List all the sports you’re interested in using this tool for (i.e., horse-racing, football, and basketball);
• Enter the dates when the games will be played (i.e., next week, this week, and so on);
• Enter the total amount of money you’re willing to lose per week (i.e., \$500); and
• Enter the line (or odds) you’re interested in using for each game (i.e., Cushion 1.40 for horse-racing, plus whatever line you want to use for college football and basketball).

Once you’ve entered all the necessary data, it’s time to test your numbers. To do this, you’ll want to enter the following formula in cell C2, and then enter the result in cell C3:

=COUNTIF(B2:B6,”TRUE”)*(-1)

What this formula does is look at a set of data in B2:B6 and returns either a 0 or a -1 based on whether or not the data in the set meets the criteria you’ve provided. In this case, you’ve asked the formula to look at whether or not the data in B2:B6 is true and the result is a -1, which means half of what the formula found is not what you wanted to see. To fix this issue, you can either choose to change the data in B2:B6 to what you did want to see (i.e., enter TRUE instead of TRUE) or you can change the result in C3 to a 0 (i.e., enter -1*(-1)).

### Step Four: Calculate Your EV

The next step is to calculate your EV. The EV (expectancy value) of a wager is the difference between the total amount wagered and the odds of winning. In other words, it’s the amount you’ll win if you bet on the game, minus the total amount you invested. To find your EV, you’ll need to add up the amount you wagered for each game and then divide that total by the odds of winning for that game. You’ll need to do this for every game you play and then add it up to find your EV. For example, let’s say you wagered \$100 on the game, and the line for the game is 7-2, which means you’ve got a 50% chance of winning. Your EV for that game would be 50% of \$100 or \$50. In this case, you would win \$50 (plus your \$100 bet) in total. If you follow all of this, your EV for that game becomes:

• EV = (\$100 wagered – 2*\$50 odds) / (\$100 wagered + 2*\$50 odds) = \$50/ (\$100 wagered + 2*\$50 odds) – \$50/(2*\$50 odds) = \$50/(2*\$50 odds) – \$50/(\$100 wagered + 2*\$50 odds)
• So, your EV for that game is -\$50 – \$50 – \$50 – \$50 – \$50 – \$50 = \$0.

Once you’ve calculated your EV for every game, add them all up and you’ll have your overall EV for the week. To find your overall EV, you’ll need to add up all the wins and losses for the week and then divide that total by the number of games you played. For example, if you played four games this week and won two and lost two, your overall EV for the week would be 2/4 of \$100 or \$50. If you were following all of this, your overall EV for the week would be: