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The Ten Golden Rules of Gambling
If you survive the assault course of these 10 Commandments of Gambling then you may have a chance of being successful with your betting activities…
There are no more than ten “golden rules” for gambling success and it’s...
The Ultimate Arbitrage Betting Strategy! Caution, Joke!
An elderly woman comes into a bank and approaches the nearest counter.
“I would like to open an account with your bank.” she says to the bank clerk.
He smiles and replies, “Why of course, Madam, how much would you like to...
Liquidity at Betting Exchanges – Which are the Best?
For serious bettors and professional traders, betting exchanges are the most convenient and reliable platforms.
Bookmakers are often very quick to limit stakes and/or close accounts of successful customers, or void individual bets or even whole...
1×2 Football Betting – How to Compile a Winning Portfolio
This article moves away from betting on individual teams, and pushes strategic thinking further up the knowledge ladder.
The method described below explains how to use our HDA simulation tables for recognising profitable 1×2 betting strategies...
The Gambler’s Ruin Explained – Fair Coin Flipping
One of the phenomenons of probability is Gambler’s Ruin. The most common meaning is that a gambler with finite wealth, playing a fair game (that is, each bet has expected zero value to both sides) will eventually go broke against an opponent...
Arbitrage between Bookmakers and Cross Market Arbitrage
(1) Arbitrage between Two Bookmakers in One Betting Market
This is the classic form of sports arbitrage (sure bets) in football betting.
The arbitrage opportunity relies on at least two bookmakers evaluating the same event differently, each...
Probability, Expectation, Hit Rate, Value, Mathematical Advantage: Explained
Introduction
The terms probability, expectation, likelihood, chance and hit rate are all closely related, and express more or less the same thing. The difference is that before a game one talks about ‘chance’, ‘probability’,...
Value Betting versus Gut Feeling
Surprisingly, it seems that there are many sports bettors who make their selections in much the same fashion as the multitude of people who select random numbers on their weekly lottery slips.
Whilst the lottery player may opt for personal numbers...
How to Calculate Average Odds in Football Betting
Sometimes it is necessary to figure out the average odds from a set of betting odds which can then be used as the basis for further calculations. For example, computing deviation and variance.
When using odds in European format (decimal) you...
What is the Ideal Sample Size for Accurate Predictions?
A common problem faced by data analysts is to decide upon the required sample size.
This can be estimated by using various calculations and distribution functions. However, even if a statistician is readily available, the answer is not necessarily...
