The Optimal EV Model: How Optimal+ Finds Fair Odds | Optimal Bet

The Optimal EV Model: How Optimal+ Finds Fair Odds

How the Optimal EV model works: it removes the vig from markets across sportsbooks, blends them into a fair price, and flags books paying more than fair.

Every sportsbook price is an opinion with a margin built in. The Optimal EV model’s job is to answer one question for every line on the board: what should this bet actually cost?

Once you know the fair price, finding value is simple. Any sportsbook paying more than fair is offering a positive expected value bet. Optimal EV is the core model in Optimal+, and here’s how it works.

What the Optimal EV Model Does

It comes down to three steps:

  1. Remove the vig from two-way markets at many sportsbooks

  2. Blend those no-vig prices into a single consensus fair price

  3. Compare every sportsbook’s odds to that fair price, and surface the ones that pay too much

The idea is simple. Doing it for every game, prop, and derivative market while prices move all day is the hard part.

Step 1: Remove the Vig

A sportsbook prices both sides of a market so they add up to more than 100%. The extra is the vig. Strip it out and you get that book’s estimate of the true probability.

Take Josh Allen’s passing yards, Over/Under 249.5, at one book (illustrative prices):

  • Over -115: 53.5% implied

  • Under -105: 51.2% implied

  • Total: 104.7%

Scale each side down so the two add to 100%:

  • Over: 53.5% ÷ 104.7% = 51.1%

  • Under: 51.2% ÷ 104.7% = 48.9%

That’s one book’s no-vig price. The no-vig fair odds guide covers the math in more depth.

Try the no-vig-calculator

Step 2: Build a Consensus Fair Price

One book’s no-vig price is still one opinion. The line might be stale, it might carry extra vig, or the book might just be wrong. So the model runs the same calculation at every sportsbook pricing that line, then blends the results.

Here’s the same prop at four books:

Sportsbook Over Under Total vig No-vig Over
Pinnacle -110 +100 2.4% 51.2%
FanDuel -114 -106 4.7% 50.9%
DraftKings -120 -110 6.9% 51.0%
BetMGM +100 -130 6.5% 46.9%

Three books cluster around 51%. BetMGM is the outlier, and a straight average of all four lands near 50%.

But not every market deserves an equal vote:

  • Tighter markets say more. A book dealing -110/+100 has little room for error. A book dealing +100/-130 has plenty of margin to hide a mistake.

  • Some books are more reliable. Books that take sharp action get corrected faster.

So the Optimal EV model weights each book’s price, leaning on the tighter and more reliable markets. In this example, that lifts the consensus above the straight average, toward the cluster near 51%, instead of letting one outlier drag it down.

Step 3: Compare Every Book to Fair

With a fair price in hand, every offer on the board faces the same test: does it pay more than it should?

Say the consensus for the over lands at 51%, fair odds of about -104. Caesars is dealing the over at +110, which implies 47.6%:

EV = (0.51 × 2.10) − 1 = +7.1%

That bet pays like a 47.6% shot on something the market says hits 51% of the time. The model calculates the edge, the win probability, and a fractional Kelly stake, then grades the play.

What doesn’t qualify matters just as much. The Pinnacle over at -110 needs a 52.4% win rate to break even, so at a 51% fair price it’s a losing bet. Most prices fail this test. The model’s value is ignoring nearly all of them and surfacing the few that pass.

Quality Checks Before a Play Reaches You

A price that looks +EV isn’t automatically a play. The model applies guardrails first:

  • Enough agreement. A player prop needs multiple sportsbooks pricing that exact line before the model trusts the fair price.

  • No junk markets. Markets with excessive vig, or lopsided quotes that carry no real information, are kept out of the consensus.

  • A meaningful edge. Edges too small to matter don’t make the cut.

  • Not too good to be true. An enormous edge is more often a stale or broken line than a gift, so implausible edges are filtered out.

  • Pregame only. Plays come off the feed when the game starts.

Reading an Optimal EV Play

Each Optimal EV play shows the numbers behind it:

Field What it means
Model Projected Odds The consensus fair odds after removing the vig
Vig % The average vig in the markets behind the fair price
Market Width How far apart the two sides are priced, in cents. Narrower means tighter
Break-even Win % The win rate the posted odds require
EV Expected return per dollar at the posted odds
Win % The model’s estimated probability that the bet wins
Units Suggested stake, where one unit is 1% of your bankroll

You’ll also see other sportsbooks’ prices for the same bet. In the app, an odds analysis chart lines the play up against the fair price and every other book.

Optimal EV vs. Sharp Books

Optimal+ also runs a Sharp Books model, which benchmarks against one sharp sportsbook instead of a blend.

Optimal EV Sharp Books
Fair price from A weighted blend of many books One sharp book’s no-vig line
Strength Robust to any single book’s mistake Reacts directly to the sharpest price
Watch for Can lag when sharp books move first Only as good as that one book’s line
Coverage Broad, including props and derivative markets Markets where a sharp book posts a tight line

Many bettors use both. When the two models flag the same bet, two different ways of measuring fair value agree.

How to Use Optimal EV Plays

  1. Bet the price, not the pick. The edge belongs to the odds shown. If your book has moved, check the break-even win % again.

  2. Move quickly. Mispriced lines get corrected, and big edges tend not to last.

  3. Shop the other books. If another book has the same bet at a better price, take it.

  4. Let units set your stake. Stronger edges already get bigger stakes.

  5. Think in volume. A 55% bet still loses 45% of the time. The edge shows up over hundreds of bets.

Key Takeaways

  • Optimal EV removes the vig from markets across sportsbooks and blends them into a consensus fair price

  • Tighter, more reliable markets carry more weight in that consensus

  • Any sportsbook paying more than the fair price is offering a +EV bet

  • Guardrails filter out thin markets, tiny edges, and edges too large to trust

  • Every play shows its fair odds, vig, market width, break-even win rate, EV, Win %, and units

See every Optimal EV play, graded and sorted, in Optimal+.

Frequently Asked Questions

What is the Optimal EV model?

Optimal EV is the core Optimal+ model. It removes the vig from two-way markets at many sportsbooks, blends those prices into a consensus fair price, and compares every book's odds against it. When a book pays more than the fair price and the edge clears the model's requirements, the bet appears in Optimal+ with a grade.

What does Model Projected Odds mean in Optimal+?

Model Projected Odds are the fair odds for a bet after the vig is removed and prices from multiple sportsbooks are blended into a consensus. If a bet's posted odds pay more than the Model Projected Odds, the bet has positive expected value.

What is market width in sports betting?

Market width is the gap between the prices on the two sides of a market, measured in cents. A -110/-110 market is 20 cents wide and a -105/-105 market is 10 cents wide. Narrower markets carry less vig and usually give a more trustworthy read on the true price.

Why use a consensus instead of one sportsbook's odds?

Any single sportsbook can be slow to move, heavy on vig, or simply wrong on a given line. Blending many books' no-vig prices lets individual errors offset each other and covers markets that one book might not post. Optimal+ also has a Sharp Books model for benchmarking against a single sharp sportsbook.

What markets does the Optimal EV model cover?

The Optimal EV model covers spreads, totals, moneylines, player props, and derivative markets such as first-half, quarter, period, and inning lines and team totals. All plays are pregame.

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