Monthly Archives: July 2014
Arbitrage between Bookmakers and Cross Market Arbitrage
(1) Arbitrage between Two Bookmakers in One Betting Market
This is the classic form of sports arbitrage (sure bets) in football betting.
The arbitrage opportunity relies on at least two bookmakers evaluating the same event differently, each...
Probability, Expectation, Hit Rate, Value, Mathematical Advantage: Explained
Introduction
The terms probability, expectation, likelihood, chance and hit rate are all closely related, and express more or less the same thing. The difference is that before a game one talks about ‘chance’, ‘probability’,...