Can ELO ratings be used to calculate the expected value for betting purposes? If so, how is it calculated? - Quora
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Answer (1 of 5): Yes, ELO ratings can be used to calculate the expected value for betting purposes. The ELO rating system, originally developed for chess, has been widely adopted in various competitive fields, including sports. It provides a quantitative measure of the relative strength of two op
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Making big bucks' with a data-driven sports betting strategy, by Tuan Nguyen Doan
Can ELO ratings be used to calculate the expected value for betting purposes? If so, how is it calculated? - Quora
A gambler has $100. With each gamble, if he wins, he gain $1 and if he loses, he loses $1. P(WIN) = 0.49, P (Loss) =0.51 What is the probability that he
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