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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...
The Ten Golden Rules of Gambling
Level:
BEGINNER
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…
Rule 1: Discipline
It doesn’t matter what type of gambling activity...
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...
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...
Why do bookmakers ban their customers, close accounts or limit stakes?
Recently we received an email from a distressed reader who after a very short time scale (just 2 months!) employing a strategy based on our Home-Draw-Away article, found that without warning several bookmakers (e.g. Boylesport, Stan James, Expekt,...
The Secret to Becoming a Successful Bettor
If you are reading this article then you have probably already tried a plethora of different betting strategies, perhaps without great success. Like many others, you may already have lost a fair amount of money. However, you probably still strongly...
The Challenge of Predicting Individual Events
Why is it so awfully difficult to predict single events accurately, when the synergy of multiple events aggregated together seems far easier to guess?
Many people are able to predict how things will develop in their personal lives over a period...
Is Sports Betting Safer than Stock Market Trading? A Few Thoughts…
In the German language version of my article, “An observation about stock analysis and football betting” a comment was recently received from a keen observer (translated as follows):
“Companies can go broke. Then the entire...
An Observation of Stock Analysis and Football Betting
Layman Punters Exploited?
In the stock market there is a rule of thumb: Buy shares when the stock chart heads in a direction from bottom left to top right, and don’t burn your fingers when the curve is falling from top left to bottom right....
Soccerwidow Poll Results up to March 2012
Following October’s first review of the Soccerwidow poll, here is the latest set of figures in answer to the question, “Do our readers make money from betting?“.
So far, up to the end of February 2012, 179 German and 135 English...
