# Expected value formula calculator

The formula for the expected value is relatively easy to compute and involves several How to Calculate Expected Value in Roulette · Article. Calculator · Formula. Online probability calculator helps to calculate the expected value using binomial random variable of successful probability density and. Calculators > 4/20/15 We are experiencing some issues with the site calculator below. As a temporary fix, please use the above calculator! Input the number. We now turn to a continuous random variable, which we will denote by X. This section explains how to figure out the expected value for a single item like purchasing a single raffle ticket and what to do if you have multiple items. How can you calculate Expected Value in sports betting in order to predict your winnings? You would need to be provided with some additional information before you could calculate the probabilities in these examples. The more problems I practice, the more it seems to click, though. The EV of a random variable gives a measure of the center of the distribution of the variable. In this case, the values are headed towards 2, so that is your EV.