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Expected Value

I will often be talking about expected value when I speak of betting systems because it is a measure of how much better a team does versus the odds. For example, we expect home teams to win at a higher percentage than road teams but they will be at a higher chalk.

The expected value of a game is dependent on the odds and the percentage of winning. It tells us how much I expect to win per average bet. The equations for expected value are:

Favorites
E[x] = (100*Pw) - (1-Pw)(Odds)

Underdogs
E[x] = (Odds*Pw) - (1-Pw)(100)

Pw = Probability of Winning
Setting E[x] = 0 and solving for Pw yields the break even percentage.

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Free Football Picks

Updated: 10/27/12

NEW: Pitcher Home/Road Disparities

Bold indicates team falls into that angle today.

Overall
Orioles 93-69 +41.76
Athletics 94-68 +40.30
Nationals 98-64 +27.78
Giants 94-68 +23.57
Reds 97-65 +20.87
Full Table >>
Home
Athletics 50-31 +20.95
Orioles 47-34 +14.14
Nationals 50-31 +12.19
Reds 50-31 +8.39
Giants 48-33 +8.34
Full Table >>
Road
Orioles 46-35 +27.62
Athletics 44-37 +19.35
Braves 46-35 +16.83
Nationals 48-33 +15.59
Giants 46-35 +15.23
Full Table >>
vs Righty
Athletics 64-39 +34.98
Orioles 67-52 +28.93
Braves 65-38 +25.38
Nationals 70-45 +21.99
Reds 65-49 +6.64
Full Table >>
vs Lefty
Giants 41-20 +24.22
Reds 32-16 +14.23
Orioles 26-17 +12.83
Cardinals 31-17 +9.96
Nationals 28-19 +5.79
Full Table >>

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