EV betting: find +EV bets with RebelBetting

EV betting means you only bet when the odds pay more than the real probability is worth. RebelBetting compares sportsbook odds with sharp lines in real time and shows you the +EV bets.

EV betting with RebelBetting

What EV betting is and how it works

EV betting (expected value betting, or +EV betting) means you only place bets where the odds pay more than the real probability of the outcome is worth.

RebelBetting is EV betting software that finds these bets for you in real time.

How EV betting works with RebelBetting

  • RebelBetting removes the vig from sharp lines to get the fair odds.
  • It compares the fair odds with the odds at every sportsbook it covers.
  • You see each +EV bet with its edge and a suggested stake.
  • You place the bet and track it, including whether you beat the closing line.

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A +EV bet in American odds

Say the sharp line on a game is −110 on both sides. Remove the vig and each side has a 50% chance, which makes the fair odds +100.

Now a sportsbook offers +110 on one side. Those odds imply a 47.6% chance (100 ÷ 210), but the real chance is 50%. Bet $100: half the time you win $110, half the time you lose $100. That's (0.5 × $110) − (0.5 × $100) = +$5 per bet on average, an edge of +5%.

Bet the same side at the standard −110 instead and you need to win 52.4% of the time (110 ÷ 210) just to break even. At a real 50% chance, that bet loses about $4.55 per $100 on average. That's a −EV bet, and it's what most bettors place every day.

More on the math, the no-vig line and bet sizing is in our guide to positive EV betting.

How RebelBetting finds +EV bets

A few sportsbooks, the sharps, take large bets from professional bettors and move their lines fast. Their odds end up very close to the real probability. Most sportsbooks are soft: they set lines for recreational bettors and update them later.

RebelBetting works as a positive EV bets finder. It removes the vig from the sharp lines, compares the fair odds with the soft sportsbooks' odds, and lists every bet where a soft book pays more than it should. Each bet shows its edge and a stake based on the Kelly criterion and your bankroll.

Lines move all the time, so speed matters. If the soft line drops or the sharp line moves, the edge can disappear before you place the bet, and RebelBetting tells you.

What to look for in EV betting software

  • Sportsbooks you can use. An edge at a book that isn't available where you live is worth nothing to you. Check the list of bookmakers before you subscribe.
  • Speed. Soft lines catch up with the sharp ones. The faster you see the bet, the more of them you get on at the listed price.
  • Stake sizing. A suggested stake for each bet, based on your bankroll and the size of the edge.
  • Bet tracking with closing line value. Your results next to your expected value, so you can tell variance from a real problem.
  • A free trial. RebelBetting has a 14-day free trial with no credit card required.

Why +EV bets still lose

A +5% bet at +110 still loses about half the time. Over 1,000 bets, a losing run of eight or more in a row is normal. That's variance, and it's why EV betting is judged over a thousand bets or more, not one weekend.

The opposite also holds: a −EV bet can win tonight and still cost you money over time. Read more about negative EV betting.

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EV betting FAQ

What does EV mean in betting?

EV stands for expected value: the average profit or loss a bet would give you if you placed it many times. A +EV bet pays more than its real probability is worth; a −EV bet pays less.

Is EV betting profitable?

Over enough bets, yes: each +EV bet adds a small edge, and the edges add up. Single bets still lose and losing runs happen, so results only show over a thousand bets or more.

What is the best EV betting software?

Look for software that covers the sportsbooks you can use, shows bets fast, suggests a stake and tracks your results against the closing line. RebelBetting does the last three. Check our bookmaker list to see whether it covers the books you can use, and try it free for 14 days.

What is a positive EV bets finder?

Software that compares sportsbook odds with fair odds from sharp lines and lists the bets where the sportsbook pays more than it should. RebelBetting is one.