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Tag Archives: betting odds

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...
Baby with comforter on a touch pad reading the news, in front an open credit card with a lot of Euro bills / Baby mit Schnuller am Touchpad beim Lesen von Nachrichten, in Front eine offene Kreditkarte mit jeder Menge Euro-Banknoten

Are Betting Odds Worthwhile Calculating? Are Betting Odds Always Fair?

Why are there more Losers than Winners in the Sports Betting World? A vast amount of gamblers never achieve betting returns high enough to crossover to the exclusive group of people who make a living from betting. Even worse, the majority of...
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....
Panning for Gold panning - man finding at least a nugget or two / Goldwäsche - ein Mann findet ein Nugget oder zwei

Value Betting – Popular Misconceptions & Common Myths

In many betting forums there are regular discussions and queries about value betting. However, it seems that there are a good number of bettors who believe in myths and indulge false concepts. Image: Jeff Banke (Shutterstock) Here are some of...
Young woman juggling balls made of bank notes / Junge Frau mit Banknoten Jonglierbällen

Top 10 Crucial Benchmarks for Online Betting Sites

What do professional bettors consider the 10 most vital factors when choosing online bookmaker or betting exchange accounts? This guide gives you our top 10 things to look out for and check when picking a list of reliable online betting sites...
EPL 2009-14 - PL home odds inflection points

Finding Betting Odds Inflection Points – Bet and Win

Inflection points are the points at which the curvature or concavity on a curve changes from plus to minus or, from minus to plus. Translated into layman’s language – the turning points on the profit/loss graph where profits turn...
Excel screenshot showing the solutions to our odds correction exercise

Oddsportal Archived Odds – Identifying and Correcting 1×2 Odds Errors

As we have mentioned before, one of our favourite sites for collecting historical data is www.oddsportal.com, and in our recent article about the concepts for football betting systems we outlined how to set-up an Oddsportal user account and...
Chessmen line up with a football

Football Betting Odds: Study Comparison Bookmaker vs. Exchanges Odds

It may surprise you to know that when placing a back bet before the commencement of a game, our research shows that more than 85% of Betfair’s odds (at 5% commission) can be beaten by bookmakers whether you are betting on the home win, draw,...
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)...
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...