Can ELO ratings be used to calculate the expected value for betting purposes? If so, how is it calculated? - Quora

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

3 Ways to Calculate an Expected Value - wikiHow

When FIDE began using ELO ratings, how did it initially calculate them since no one had any rating yet, and the formula requires existing ratings? Did it assign everyone an initial rating

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In the calculation of value at risk (VaR), what happens to the VaR when the confidence level is changed? What are other factors affecting VaR? - Quora

When FIDE began using ELO ratings, how did it initially calculate them since no one had any rating yet, and the formula requires existing ratings? Did it assign everyone an initial rating

Positive EV Betting — What is Expected Value in Sports Bets

Can ELO ratings be used to calculate the expected value for betting purposes? If so, how is it calculated? - Quora