Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

In essence, expected value looks at how much you're expected to earn by playing a game of chance. Conveniently, Powerball publishes their probabilities so we can easily calculate the chance.

Learn all about +EV in sports betting including the components of expected value, how to calculate it, and how to apply it to differing bet types.

P-value is the level of marginal significance within a statistical hypothesis test, representing the probability of the occurrence of a given event.