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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...
Illustration: Over 2 Goal Line Bet

Understanding Goal Lines in Over Under Betting

Have you ever wondered what the different Goal Lines mean? You can bet on Over/Under 2.5, or Over/Under 2,25 or Over/Under 2. But what are Over 2.5 bets, or even 2.25? There are no half goals! Or quarter goals! It doesn’t seem to make sense....
Young woman pointing on a calculator

The Science of Calculating Winning and Losing Streaks

This article is a short journey to the theme ‘risk management’ as we are often asked… How high should be a starting bank? Is 5,000 units enough? Well, there is no standard answer to this question. It all depends on the individual...
Funny man with calculator / Lustiger Mann mit Taschenrechner

Stake, Yield, Return on Investment (ROI), Profitability – Definitions and Formulas

The terms Stake, Yield (Revenue) and ROI (Return on Investment) confuse many people. We have also noticed many online publications using these terms incorrectly. This article is therefore a definitive guide to put the record straight… Image:...
Football and money

A Brief Introduction to Over Under Goals Betting

Over/Under is a very popular form of football betting and where a lot of new football punters start. But just because it is simple doesn’t mean that it can’t be a good way to make money. Image: Gts (Shutterstock) Over/Under is a great way...
Smart smiling business woman with a calculator / Intelligente lächelnde Geschäftsfrau mit Taschenrechner

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...
Business woman holding calculator / Businessfrau mit Taschenrechner

Understanding Betting Odds – Moneyline, Fractional Odds, Decimal Odds, Hong Kong Odds, IN Odds, MA Odds

The Two Types of Odds Formats There are all kinds of explanations on the Internet about various odds types, and the majority of them distinguish between fractional, decimal, and moneyline odds. Image: paffy (Shutterstock) Unfortunately, this...
Percent cubes, 3D image / Prozent-Würfel, 3D-Bild

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’,...
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...
Man with fork and money on the dish / Mann mit Gabel und Geld auf dem Teller

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...