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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...
3d - Man under crossbar / 3D - Mann unter einem Querbalken

Backing and Laying Under the Minimum Stake Amount in Betfair

At some stage, after extensive paper exercises and calculations everyone will reach the phase where testing a system or strategy with real money is necessary. Image: Scott Maxwell / LuMaxArt (Shutterstock) However watertight the system seems...
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...
Countries football-data

Historical Data: Fixture Results and Bookmaker Odds

Whoever wishes to become a serious gambler and start winning money, or even dreams of making a living from betting, needs to analyse some historical data. A source in the Internet which is simply a gold mine is www.Football-Data.co.uk. Here...
Balancing Heart and Mind / Balanzieren von Herz und Verstand

Heart Beats Brain – Is Accurate Forecasting of Specific Results in Football Matches Possible?

The English Premier League results of 5.2.2011 were simply amazing, at least in the eyes of an enthusiastic football fan like my husband. A record number of goals and not many games finishing with the expected result. The following table shows...