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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...
Snail crawling on stairs of coins / Schnecke kriecht auf einer Treppe von Münzen

Choosing the Right Staking Plan

If you have investigated staking plans to any degree then you will certainly have already heard of various different strategies such as Martingale, D’alembert, Fibonacci, Parlay, Kelly, Square Root, Labouchere, Retirement, etc. You should...
Teacher in an outdoor classroom in Agra, India / Lehrer in einem Klassenzimmer im Freien in Agra, Indien

How is Overround Calculated and what are the Benefits of Removing it from the Betting Odds?

Simply put, overround is the bookmaker’s profit margin. Overround percentages vary and usually average between 4 and 7%, depending on the bookmaker. Although bookmaker odds do not always fully represent the ‘true’ (expected)...
International Club Competitions No H2H

True Odds & Value Detector: International Club Competitions (with no head-to-head history)

This spreadsheet contains the calculations for international club tournaments between teams with no head-to-head history, applicable for competitions such as the UEFA Champions League, Europa League, or even the South American Copa Libertadores. The...
Stressed-out man being interviewed / Gestresster Mann im Interview

German Bundesliga 2012-2013: Bottom 2 Automatic Relegation Betting Statistics

In our recent article “Who’s going to win the 50th German Bundesliga title?” we analysed the Meisterschale winning chances of each team taking into consideration the previous 49 seasons’ data. We now switch attention...
Cheerful soccer fan girl devoted to Germany / Frohsinniges Fußball-Fan-Mädchen Deutschland gewidmet

Who’s Going to Win the 50th German Bundesliga Title?

With just under 3 weeks to go until the start of the “Golden Jubilee” Bundesliga season we take a look at the 18 teams in contention for the title and statistically assess their chances of winning the Meisterschale next May. Defending...
Golden piggy bank standing out from the others / Goldenes Sparschwein zwischen vielen anderen

Sharp Betting: Sports Betting as a Permanent Source of Income

Fortune Favours the Educated: There are only three guaranteed ways of making regular, long-term profits from betting: Arbitrage Trading (Both requiring large numbers of transactions for a steady drip-feed) ‘Sharp’ or ‘Value’...
Female fortune teller holding a crystal ball to her eye / Wahrsagerin hält eine Kristallkugel am Auge

What Does ‘Form’ Mean in Football?

Please Discuss… Now and again Soccerwidow receives enquiries as to whether we consider ‘form’ in our match analyses and value bet recommendations. The reader will have to excuse our increasing ignorance of the concept of ‘form’...
Hand flipping a coin / Hand wirft eine Münze

What is a Bet? How to Calculate Mathematical Advantage?

It is difficult to believe but, there are plenty of people around who have little idea exactly what a bet is or what is meant whenever I mention being interested in betting or the fact that I run a Web site about online football betting. Obviously...
Man with 4 arms and juggling with calculator, abacus, note pad and pen / Mann mit vier Armen jongliert mit Taschenrechner, Rechentafel, Notizblock und Stift

Calculation of Odds: Probability and Deviation

Calculating odds is a science, and statisticians/analysts, who can do the job competently, receive good annual salaries (GBP 50k-80k; €60k-95k: Quantitative Analyst). These jobs are paid so well because the results form the backbone of each...