Expected Value – A metric that represents the average amount a bettor can expect to win or lose per bet if the same wager were placed repeatedly under the same conditions
Neutral Odds – True odds with no vigorish (juice) added by the sportsbook
Consensus Odds – Consensus (average) odds from all sportsbooks, including vigorish
Neutral Odds EV% – The percentage of expected value available against the neutral odds
Consensus Odds EV% – The percentage of expected value available against the consensus odds
Market Width – Lower market width values mean higher sportsbook outcome certainty
Implied Probability – A conversion of betting odds into a percentage
Bet Recommendation – What percentage of your bankroll the Kelley Criterion formula recommends you bet, based on the given odds