Example,Inputs,Formula,Result,Assumptions American odds break even,-110,110/(110+100),52.380952 percent,Price implied; not forecast American positive break even,+150,100/(150+100),40 percent,Price implied; not forecast Two-leg parlay,1.90 and 1.90 with stake 10,10*1.90*1.90,36.10 total return,All win; compatible prices; no voids Three-leg parlay,1.90 each with stake 10,10*1.90^3,68.59 total return rounded,All win; compatible prices; no voids Arbitrage,2.10 and 2.10 with total stake 100,100/(1/2.10+1/2.10)-100,5.00 theoretical profit,Exhaustive exclusive outcomes; both accepted; no fees Expected value,+120 and hypothetical win chance 48 percent,0.48*120-0.52*100,5.60 units per 100 staked,Hypothetical probability; not validated model output Tennis expected value,1.80 and hypothetical win chance 58 percent,0.58*1.80-1,4.40 percent,Hypothetical probability; not current pick