Fundamentals of Sports Betting (Betting on Over/Under ‘X’ Goals) is unlike any other book you will find elsewhere. It contains insights into how mathematics and statistics are applied to bookmaking, information that is rarely (if at all) found in the public domain.
Have you ever wondered how bookmakers set their odds? They must be pretty good at it to remain trading in a high risk industry built on small margins!
Image: Cartoonresource (Shutterstock)
It is common knowledge that the gambling industry as a whole relies to a large extent on the ignorance of its customers and, only by understanding how bookmakers think and act, will you ever be able to compete with them on a level playing field.
The Most Valuable Book About Betting You Will Ever Buy!
This course is designed to give you the essential, fundamental knowledge necessary to understand odds calculation and the bookmaker market.
It deals with relatively simple descriptive statistics and teaches you how to look at data sets, calculate your own probabilities and odds, analyse the market odds on offer, and make informed decisions when predicting football results.
Amongst the topics you will work through are distributions, deviations, graphs and charts, odds calculation, financial terminologies, risk management, and of course, how to identify ‘value’ in the betting market.
You will gain a deep understanding of the many different elements required to understand the bookmaker market and odds calculation. Many false beliefs that the majority of gamblers and fans of football have about betting will be exposed and stripped away.
Readers will also be enlightened to learn about how odds are set in the market, where to find ‘errors’ in market prices, how to evaluate data and graphs, and much, much more.
What Do You Get For The Money?
The course comes in electronic format and the bundle includes the course book (PDF*) and a Bundesliga cluster table (Excel) for studying. This course employs a didactic method of teaching, which is an educational technique. It is a very structured style of learning and as such, each section of the course should be mastered before moving on to the next.
To further encourage you to learn, there is a plethora of exercises to practice what you have learned, and the solutions to the exercises are found at the end of the book, sometimes embellished with further explanations.
All of the course lessons are presented in a pragmatic, easy-to-follow, step-by-step fashion, with no more than passing respect towards the sport of football and the passion of its fans. After all, this book has been written by a lady who loves maths but dislikes football…!
In addition, you will receive the very latest Bundesliga table for the current season, so that you can put into practice what you have learned and within the course, you will find a discount code enabling you to download for free the German Bundesliga sheet in future seasons, meaning that you will always have access to the most current Bundesliga cluster table, forever: it doesn’t matter when you bought the course.
*By the way, the PDF is a professionally formatted document and if you have a double-sided printer you can print your own book for studying.
Fundamentals of Sports Betting
Course with Cluster Tables for the German Bundesliga
Over/Under ‘X’ Goals
- Format: PDF & XLS
- Download Size: Course (PDF): 5.2 MB & Excel file: 782 KB
- Publisher: Soccerwidow Ltd; 2nd Edition (July 2016)
- Pages: 169 (almost 38,000 words)
- Tables and graphs: 70
- Example tasks: more than 80 (with solutions)
- Language: ENGLISH
PDF document professionally styled for easy reading and printing
For traditionalists, the PDF has been professionally formatted for double-sided printing. If you like, you can print your book in full-colour with a cover and add slick spiral binding.
Those who prefer to read the document on their computers will find the chosen font (Myriad Pro) easy to read on the screen. Myriad Pro has a clean sans-serif aesthetic which makes it highly accessible.
The electronic version also contains a plethora of easy-to-navigate links to help the learner find his way around the document.
Contents at a Glance
Section A: Basic Knowledge
Probability, Betting Odds, Value, Yield, Profitability
Basic Statistical Terminology
- Goal Distribution and Percentage Calculation
- Deviation from the Mean
- Standard Deviation – The Main Measure of Variability
- Precision, Trueness and Accuracy
Betting Odds Calculation
- Probability and Betting Odds
- Opening Betting Odds Range
- Calculation of ‘Zero’ (Fair) Odds
Risk Management Control
- Financial Terms: Yield, ROI and Profitability
- Risk Forecasting and Evaluation: Value of a Trade (Bet)
- Preventative Measures: Setting the Starting Bank
Section B: Developing a Betting Strategy
Market Dynamics, Cluster Groups and Betting Tables
- Betting Odds are Prices of Bets
- Falling Odds represent Price Increase
- Bookmakers adjust Betting Odds to Public Opinions
Building of Cluster Groups
- What are Cluster Groups?
- Clustering Depending on ‘Strength’ of the Team
Betting Tables: Over/Under ‘X’ Goals
- Goal Distribution by Team
- Team Calculation Tables
- Standard Deviation Tables
- Using Calculation Tables to Determine Betting Odds
Finding Value Bets
- Everything that Glitters is not Gold
- Method I: Value Betting using Cluster Group Tables
- Method II: Value Betting using the Value Calculator
- Cluster Groups, Value Calculator and Bets Identification
…or ask any questions in the comment section below.