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How To Calculate Expected Value Ev For Sports Betting

In horse racing, you can place each way Yankee bets where you only need two selections to place for a return. A very similar bet in horse racing is a Lucky 15 bet which is the same as a Yankee with 4 additional single bets included. That means you have to risk $1.40 for every $1 of profit. If a team was at +140, that means you only have to risk $1 to win $1.40 or $100 to win $140.

The team expected to lose, or underdog, will have positive or plus odds. More