1. What is the Betstamp Prediction Calculator?

The Betstamp Prediction Calculator estimates the Expected Value (EV) of a bet based on the predicted win probability and potential profit/stake amounts. It helps bettors make informed decisions by quantifying the long-term value of a wager.

2. How Does the Calculator Work?

The calculator uses the Expected Value formula:

Where:

• \( Predicted\ win\ prob \) — Probability of winning (0 to 1)
• \( Profit (\$) \) — Potential profit amount
• \( Stake (\$) \) — Amount wagered

Explanation: Positive EV indicates a potentially profitable bet in the long run, while negative EV suggests the bet is unfavorable.

3. Importance of EV Calculation

Details: Calculating expected value helps bettors make objective decisions by quantifying the mathematical advantage of each wager, considering both probability and payout.

4. Using the Calculator

Tips: Enter the predicted win probability as a decimal (0-1), the potential profit amount, and the stake amount. All values must be valid (probability between 0-1, monetary amounts ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: What is a good EV for a bet?
A: Generally, positive EV indicates a good bet. The higher the positive value, the more favorable the bet is long-term.

Q2: How accurate is this calculator?
A: The calculation is mathematically precise, but depends entirely on the accuracy of your predicted win probability input.

Q3: Should I only make positive EV bets?
A: While positive EV bets are mathematically favorable, other factors like bankroll management and risk tolerance should also be considered.

Q4: How do I determine the win probability?
A: This can be estimated using statistical models, historical data, or betting market implied probabilities.

Q5: What does negative EV mean?
A: Negative EV suggests the bet is unfavorable in the long run, meaning you would expect to lose money over time with similar bets.