Tag Archives: tutorials-en

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...