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

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

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Why is the chess elo rating distribution bimodal? - Quora

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

Expected Value (EV)