# Odds Value Calculator

Using the odds value calculator allows you to see the value which you would expect to receive for a bet based on the probability of that outcome occurring.

Expected Value
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Payout

### Odds Value Calculator

Creating your own projections and applying them to smaller markets is a great way to make money in sports betting.

Using our odds value calculator, you can get the expected value of your bets by comparing your projections to the odds listed by sportsbooks.

### Expected Value Definition

Expected value is the amount of money you can expect to win or lose if you placed the same bet on the same event at the same probability an infinite number of times. Of course, events are only played once in sports betting, so they may lose, but if you're making bets with positive expected value (+EV), you should win in the long run.

How do you calculate expected value?
So how does it work in sports?

### Odds Value Calculator

Creating your own projections and applying them to smaller markets is a great way to make money in sports betting.

Using our odds value calculator, you can get the expected value of your bets by comparing your projections to the odds listed by sportsbooks.

### Expected Value Definition

Expected value is the amount of money you can expect to win or lose if you placed the same bet on the same event at the same probability an infinite number of times. Of course, events are only played once in sports betting, so they may lose, but if you're making bets with positive expected value (+EV), you should win in the long run.