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

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

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Why do people bet based on expected values? - Quora

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

How do ratings on online chess sites (I'm active on chess.com) compare to official (FIDE or USCF) ratings? - Quora

In the calculation of value at risk (VaR), what happens to the VaR when the confidence level is changed? What are other factors affecting VaR? - Quora

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My chess.com rapid rating is around 150, occasionally hovering around 250. How can I improve my rating quickly? - Quora