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The Science of Calculating Winning and Losing Streaks
This article is a short journey to the theme ‘risk management’ as we are often asked…
How high should be a starting bank?
Is 5,000 units enough?
Well, there is no standard answer to this question. It all depends on the individual...
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....
Understanding Betting Odds – Moneyline, Fractional Odds, Decimal Odds, Hong Kong Odds, IN Odds, MA Odds
The Two Types of Odds Formats
There are all kinds of explanations on the Internet about various odds types, and the majority of them distinguish between fractional, decimal, and moneyline odds.
Image: paffy (Shutterstock)
Unfortunately, this...
A Brief Introduction to Over Under Goals Betting
Over/Under is a very popular form of football betting and where a lot of new football punters start. But just because it is simple doesn’t mean that it can’t be a good way to make money.
Image: Gts (Shutterstock)
Over/Under is a great way...
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...
Stake, Yield, Return on Investment (ROI), Profitability – Definitions and Formulas
The terms Stake, Yield (Revenue) and ROI (Return on Investment) confuse many people. We have also noticed many online publications using these terms incorrectly.
This article is therefore a definitive guide to put the record straight…
Image:...
What is Value? What is Value Betting?
Value betting is a phrase used to describe an approach to gambling for long term profit. Although this term is widely employed in the sports betting world, unfortunately neither ‘value’ nor ‘value betting’ are anywhere...
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’,...
Value Betting versus Gut Feeling
Surprisingly, it seems that there are many sports bettors who make their selections in much the same fashion as the multitude of people who select random numbers on their weekly lottery slips.
Whilst the lottery player may opt for personal numbers...
Bookmakers/ Bookies – What are Bookmakers?
A collection of definitions and explanations of “bookmakers” and “bookies” as found in dictionaries, encyclopedias and web sites.
Dictionary definitions of bookmakers
ldoceonline.com (Longman): book‧mak‧er also bookie (informal)
Someone...
