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Betting tails on the heavy coin example from above, for example, which app is the best for betting tips +EV wager considering that in time it's expected to return 50% of what you bet.
Anticipated worth (positive ev betting tool) is how much your wager is expected to return, generally shown as a percent or roi (ROI).
For instance, on a conventional 2-way bet with both sides having -110 probabilities, your expected worth is -4.55% or a loss of $4.55 on a $100 bet.
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Now if you take a heavy coin that ends up on tails 75% of the moment, yet you're still wagering $1 on tails to win $1, your expected worth changes.
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Event: The game, time, day, and league. In this instance, your expected value is 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) in time.
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