calculate_expected_value_bet
Calculate expected value and profitability of a bet using win probability, win amount, loss amount, and optional bet cost to determine expected return and loss probability.
Instructions
Calculate expected value and profitability of a bet or investment decision. Returns: {lose_probability}. See list_bundles for related 'jeux-probabilites' calculators.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| win_probability | Yes | Probability of winning (0 to 1) | |
| win_amount | Yes | Net amount won if outcome is positive | |
| loss_amount | Yes | Net amount lost if outcome is negative | |
| bet_cost | No | Upfront cost to enter the bet (default 0) |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | No | Computed result. Object whose fields depend on the tool (e.g. {tax, marginal_rate, brackets} for tax tools, {volume_l, gallons} for volume tools). | |
| formula | No | Human-readable formula or method used (e.g. "I=P·r·t", "Magnus formula"). | |
| source | No | Authoritative source for the rule or formula (e.g. "Article 197 CGI", "NF DTU 21"). | |
| reference_url | No | Link to a calcul2 page documenting the calculation in detail. |