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

Contra Hoel On Aristocratic Tutoring - by Scott Alexander

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

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

At what ELO difference, will my winning chances become negligible? : r/chess

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How accurate is the Elo rating system in predicting actual outcomes of chess matches? - 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

What's the formula for calculating the EV of risk-free bet (free bet if your original bet loses)? - Quora

RLHF: Reinforcement Learning from Human Feedback

Making big bucks' with a data-driven sports betting strategy, by Tuan Nguyen Doan

The Mathematics of Elo Ratings. Calculating the relative skill of…, by Jørgen Veisdal

Why do people bet based on expected values? - Quora