Tag Archives: tutorials
Sports Betting Course – Over/Under Goals – Product Specifics
Fundamentals of Sports Betting (Betting on Over/Under ‘X’ Goals) is unlike any other book you will find elsewhere. It contains insights into how mathematics and statistics are applied to bookmaking, information that is rarely (if...
Over/Under Goals Football Betting – Course Book Testimonials
We are very pleased that the 2nd edition of our comprehensive betting course Fundamentals of Sports Betting (Betting on Over/Under ‘X’ Goals) is now available for sale. It incorporates four more years of research and development...
What is Value? What is Value Betting?
Value betting is a phrase used to describe an approach to gambling for long term profit. Although this term is widely employed in the sports betting world, unfortunately neither ‘value’ nor ‘value betting’ are anywhere...
6 Major Risks of Arbitrage Betting and their Solutions
Although professional arbitraging is one of the more secure methods of earning consistent profits through betting, there are several risks involved which must be avoided or controlled.
Image: Andresr (Shutterstock)
(1) Disappearance of Arbitrage...
1X2 HDAFU Tables: Odds Toggle Function
All of our 1×2 HDAFU simulation tables (Home-Draw-Away-Favourite-Underdog) are based on highest bookmaker odds at the close of the ante post betting market (i.e. match kick-off time, when the market switches to ‘in-play’).
All...
Combinatorics and Probability Theory in Football Betting
Introduction to Combinatorics and Probability Theory
This article is a step-by-step guide explaining how to compute the probability that, for example, exactly 4 out of 6 picks win, or how to calculate the likelihood that at least 4 of 6 bets...
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’,...
