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Concept illustration: gambling, roulette & casino / Konzept Illustration: Glücksspiel, Roulette & Casino

One Man doesn’t make an Army – Wizard of Odds sells for $2.35 Mio

Following the September 2014 sale of his business, Wizard of Odds, for a cool $2.35 Mio, there is no doubt that Michael Shackleford has talent in spades. However, a particularly unique skills set doesn’t necessarily guarantee success. Before...
Traditional bookmakers betting shop / Traditioneller Buchmacher Wettshop

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...
Woman on rolling Euro carpet / Frau auf einem ausgerollten Euro-Teppich

What is a Bet? What are Odds? What is a Stake?

The only one of these terms which is obviously straightforward is ‘Bet’, and I am sure all of you understand what a bet is. Even the term ‘Stake’, at least so long as it is money related, is easily understandable. Whatever level your...

Betting Odds Converter – Fractional, Decimal, Moneyline, Hong Kong, Indonesian, and Malay

Quick Odds Converter to switch odds between US, decimal, fractional, percentage, Hong Kong, Indonesian, and Malay formats – converts odds into their implied probabilities and net returns, and vice versa – converts probabilities and...
Soccer ball on cell phone; broken glass mobile phone / Fußball bricht durchs Handy; viele Glasscherben

Website Traffic Report: Soccerwidow / Fussballwitwe – October 2013

It is not just website owners who are interested in how their site performs or how much traffic their website receives. Concrete information about website traffic, visitor numbers, and page views is also particularly interesting for agencies...
Full House Jacks and Queens

Using Poker Odds Calculators and Moving Beyond Psychology

Being a success at the poker table takes a dash of luck, a smattering of psychology and a solid understanding of statistics. Since the growth of online poker caused the average IQ of poker players to increase dramatically it has become even...
Finger wagging at Chihuahua puppy for good behaviour / Erhobener Zeigefinger zeigt Welpen gutes Benehmen

Calculating Odds for League Newcomers is Unpredictable

We often receive queries asking how to calculate odds for league newcomers and why we don’t develop a Value Bet Calculator for league matches involving teams without head-to-head (H2H) history, or their respective last 25 matches being in...
Excel screenshot showing the solutions to our odds correction exercise

Oddsportal Archived Odds – Identifying and Correcting 1×2 Odds Errors

As we have mentioned before, one of our favourite sites for collecting historical data is www.oddsportal.com, and in our recent article about the concepts for football betting systems we outlined how to set-up an Oddsportal user account and...
A school of fish with 3 fish swimming against the stream / 3 Fische, die gegen den Strom anderer Fische schwimmen

Successful Football Betting Using a Portfolio Strategy

In principle, football results are randomly distributed but the outcomes of games can be predicted fairly accurately using statistical modelling. This is contrary to other forms of gambling loaded in favour of the house such as lottery and roulette,...
Money strategies concept - dollar bills on chess board / Geldstrategie Konzept - Dollarscheine auf einem Schachbrett

A Basic Understanding of Betting Exchanges

A betting exchange is not a bookmaker. They simply provide the Web site (platform) to allow logged-in members to bet against each other… Image: Nagy-Bagoly Arpad (Shutterstock) Betting Exchange Basics A betting exchange site is a platform...