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Value Betting – Popular Misconceptions & Common Myths
In many betting forums there are regular discussions and queries about value betting. However, it seems that there are a good number of bettors who believe in myths and indulge false concepts.
Here are some of the most popular misconceptions…...
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’,...
Top Live Video Streaming Betting Sites for Watching Football Matches
I have been watching football matches at all levels for almost 40 years. Despite not having played the game at any significant level above school or works teams I can usually tell within a few minutes of watching a televised game how balanced...
A Basic Understanding of Betting Exchanges
Level:
BEGINNER
A betting exchange is not a bookmaker. They simply provide the Web site (platform) to allow logged-in members to bet against each other…
Betting Exchange Basics
A betting exchange site is a platform allowing you to place...
Greening-Up In-Play at Betting Exchanges
Level:
BEGINNER
Gambling ‘in play’ provides the opportunity of trading or hedging via betting exchange sites such as Betfair, Betdaq or Smarkets, where this type of strategy is known as greening-up (i.e. two or more transactions performed...
Bookmakers/ Bookies – What are Bookmakers?
A collection of definitions and explanations of “bookmakers” and “bookies” as found in dictionaries, encyclopedias and web sites.
Dictionary definitions of bookmakers
ldoceonline.com (Longman): book‧mak‧er also bookie (informal)
Someone...
Stake, Yield, Return on Investment (ROI), Investment – Definitions and Formulas
The terms Yield and ROI (Return on Investment) confuse many bettors and what is worse, there are a good number of publications using these terms incorrectly which, only adds to the confusion!
In this article, Soccerwidow puts the record straight…
Stake...
How do Bookmakers Tick? How & Why do they Set Their Odds as they do?
Becoming a successful bettor requires not only a deep understanding of odds calculation but, it is also necessary to understand how the market works and especially how the bookmakers operate.
Of course, bookmakers are in the business of setting...
Match Abandoned?! Different Rules of Bookmakers and Exchanges
This article focuses on the attitudes of different bookmakers and exchanges towards postponed or abandoned fixtures and the way bets will be affected if you are unfortunate enough to stake a game that either doesn’t start or doesn’t...
