Several frameworks turn this idea into numbers, and each takes a different route. If you're serious about advanced football stats, these are the names to know.
VAEP (Valuing Actions by Estimating Probabilities)
Built by the DTAI research group at KU Leuven in Belgium, VAEP is one of the most influential academic models in football analytics. It uses machine learning to estimate how each action changes the probability of scoring and conceding over the actions that follow. Its strength is breadth: it can value anything from a simple pass to a dribble, and its open-source code has made it a foundation for plenty of later research. Individual action values are tiny, usually fractions of a goal.
EPV (Expected Possession Value)
Work led by Javier Fernández at FC Barcelona's analytics department produced EPV, which runs on tracking data showing where all 22 players are. That allows frame-by-frame analysis, including actions that never touch the ball: the dummy run that drags a defender away, or the movement that opens space for a team-mate. It is among the most detailed approaches, but the tracking infrastructure it needs puts it beyond most clubs.
OBV (On-Ball Value)
StatsBomb, now Hudl StatsBomb, introduced OBV in 2021. It is trained on expected goals rather than actual goals, which smooths out the randomness of finishing, and it splits the value between passer and receiver so nobody is counted twice.
g+ (Goals Added)
American Soccer Analysis created g+ for MLS and NWSL coverage. It values every touch and shares the credit for a pass between passer and receiver, because a good pass also needs a good first touch to come off.
xT (Expected Threat)
Karun Singh's xT is the easiest to picture. It carves the pitch into a grid, gives each zone a value based on how likely a goal is from there, and rewards any pass or carry that moves the ball into a more dangerous zone. Simple to explain and simple to build, it is a great place to start.