Tag Archives: tutorials

Cheerful soccer fan girl devoted to Germany / Frohsinniges Fußball-Fan-Mädchen Deutschland gewidmet

Who’s Going to Win the 50th German Bundesliga Title?

With just under 3 weeks to go until the start of the “Golden Jubilee” Bundesliga season we take a look at the 18 teams in contention for the title and statistically assess their chances of winning the Meisterschale next May. Defending...
Man with measure tape and golden coins / Mann mit Messband und goldenen Münzen

Impact of the ‘Overround’ on Accumulators, Multiple Bets, and Parlays

Betting odds are supposed to reflect the probability (statistical expectation) that a particular event will happen. Image: Elnur (Shutterstock) Because bookmakers are profit-making enterprises who offer bets on the market, it is understandable...
Smiling business woman with a calculator / Lächelnde Geschäftsfrau mit einem Taschenrechner

Football Betting Permutations: 5 Cup Finals in 5 Days

Slim chance for the favourites? It has been a busy week in the world of football with the conclusions of many major tournaments across Europe, including the jewel in the crown, the UEFA Champions League final between Bayern Munich and Chelsea. Having...
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...