It will help you build an intuition of your own as you shop for bets and grow your betting chops. However, as you get more involved in sports gambling, you will want to get a better feel for this concept. It’s a turnkey way to approach +EV betting.

The OddsShopper bet shopping tool will display this information and then some. The Expected Value Calculator can run this for any bet so that you don’t have to spend time memorizing hold percentages or figuring them out on your own. Luckily, OddsShopper has a tool that can help you figure out if your bet is +EV, and by precisely how much. React App You need to enable JavaScript to run this app. With 52.4% set as a breakeven point, if you think the Bears will cover more than 52.4% of the time, then the bet is +EV. So in the case of the Bears +3.5, you will need that bet to hit more than 52.4% of the time to have an edge. Without getting into details of how the Vig is handled, just know that it means that sportsbooks are holding approximately 2.4% of the wagers on markets priced at -110/-110 (you can use OddsShopper’s Hold Percentage Calculator to find this number for any two-way betting market). The book is offering dime lines of Bears +3.5 (-110) and Packers -3.5 (-110). Let’s say you want to bet on the Bears to cover as 3.5-point home underdogs versus the Packers. Conversely, if your wager’s shot at hitting is less than what you need to breakeven, then it’s a -EV play. In short, for a bet to be +EV, it means that the probability of cashing on the bet is higher than it is priced at the book where you are placing the wager. If you’re looking for sharp plays each day, check out OddsShopper’s bet shopping pages - you can even unlock more +EV plays by signing up for OddsShopper Premium ! What is +EV? Positive Expected Value Explained Check out our guide to finding positive expected value (+EV) or our sport-specific guides, including our guide to NFL betting and our expert advice for NBA betting. New to sports betting? OddsShopper’s selection of Betting 101 articles is here to help. Nevertheless, let’s get deeper into answering the what is +EV question.

You might even have a general sense of what +EV means.

If you’ve been betting frequently and consuming serious content (i.e., OddsShopper’s YouTube Channel) then you’ve probably heard the term. The phrase “positive expected value,” or “+EV” for short, gets bandied about a lot in the sports betting community.

Sports bets for dummies