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Man and woman heads shown as percent sign / Köpfe von Mann und Frau dargestellt als Prozentzeichen

Are Odds at Betting Exchanges Always Better than with Bookmakers?

The answer to this question is unequivocally YES and only in rare or extenuating circumstances are odds in betting exchanges priced less than with a bookmaker. The reason is simple: If the ‘back’ price for an event with a bookmaker...
Man with measure tape and golden coins / Mann mit Messband und goldenen Münzen

Impact of the ‘Overround’ on Accumulators, Multiple Bets, and Parlays

Betting odds are supposed to reflect the probability (statistical expectation) that a particular event will happen. Image: Elnur (Shutterstock) Because bookmakers are profit-making enterprises who offer bets on the market, it is understandable...
Smiling business woman with a calculator / Lächelnde Geschäftsfrau mit einem Taschenrechner

Football Betting Permutations: 5 Cup Finals in 5 Days

Slim chance for the favourites? It has been a busy week in the world of football with the conclusions of many major tournaments across Europe, including the jewel in the crown, the UEFA Champions League final between Bayern Munich and Chelsea. Having...
Teacher standing near blackboard in classroom / Lehrerin in der Nähe der Tafel im Klassenzimmer

Understand Odds: Cup Finals and International Tournaments, played at neutral venues

Both sides of the coin… The ‘true’, ‘fair’ or ‘zero’ odds are all synonyms for those odds which exactly reflect the statistical expectation of an event. For example, the ‘true’ odds for the...
Goal full of soccer balls / Tor voller Fußbälle

Goal Distribution Comparison – EPL, Bundesliga, Ligue 1, Eredivisie

Judging purely from statistics, watching French league games must be rather boring as there are never many goals. Image: koya979 (Shutterstock) The Dutch, on the other hand, tend to have at least five goals in nearly 10% of their matches. From...
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...