Betting maths and calculators

Does a bookmaker's 'best price' always mean highest expected value?

Direct answer

No. An attractive price is only potentially good value if the true probability and all conditions justify it.

How to use this answer

The principle is supported by the referenced rules, but a different operator or market can apply a different settlement condition. Treat the named provider as a specific example, not as a universal betting rule.

Use the precise stake, decimal odds, market terms and outcome probabilities when calculating the result. Expected value measures an average over hypothetical repetitions, not a guaranteed profit.

Reference: wizardofodds.com · published rules or source ↗