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What exactly is “positive expected value” betting and how is this different to normal tips?
All it means is: are you getting a good deal on your bet, or a bad one? Imagine you and a friend are flipping a coin. Heads you win $3, and tails you lose $1. You'd take that deal every time because even though you'll lose sometimes, the payout from wins will outweigh your losess as you win %50 of the time. That's a +EV bet. The bookie has offered you better odds than the real chance of it happening. It doesn't mean you will win every time, BUT it does mean the bet is mathmatically in your favour.













