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Expected Value (EV)

The average result of a bet if repeated infinitely: probability-weighted profit minus loss.

All terms

RTP (Return to Player)

House Edge

Vig / Overround

Implied Probability

Expected Value (EV)

Variance

Volatility

Kelly Criterion

Closing Line Value

Arbitrage

Dutching

Matched Betting

Lay Bet

Liability

Wagering Requirement

Risk of Ruin

Edge

Parlay / Accumulator