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What’s Positive Expected Value?
The principle behind bets with positive expected value is not complex. If you picture answering a match over and over again, the result you’ve got made a bet on, should occur frequently enough to let your bets to be rewarding.
A simple way to think of it’s by a coin flip. When you flip a coin it is going to clearly lead to heads 50 percent of the time, so if you could make a bet, where you’d receive over what you set at stake every time the coin turned up heads, you’d make a profit in the long run.
Betting on sports is just the same. Some don’t see it, because you cannot play a game over and over. This doesn’t alter anything. You are going to make a profit, if every bet you make has a positive expected value.
Simple in Practice in Theory, Hard
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