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Old 03-16-2019, 07:26 PM   #3
rdiam
Grade 1
 
Join Date: Sep 2016
Posts: 606
Use the formula EV = (Odds +1) x (Probability Estimate). Using your example, EV = (3+1) x (0.30), or 1.20. An EV =1.00 is breakeven, so you have +EV in your example.

Richard
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