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Author: Tadgh Hegarty
Publisher:
ISBN:
Category : Efficient market theory
Languages : en
Pages : 0
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Book Description
If betting markets are efficient, then the expected loss rate on all bets on a game can be calculated from the quoted odds. Guides to sports betting tell bettors how to do this calculation of the predicted average loss rate. We show that if bookmakers set higher profit margins for bets with lower probabilities of winning (as implied by the evidence on favorite-longshot bias) then average loss rates across all bets will be higher than predicted by this widely-recommended calculation. We provide evidence from betting on soccer and tennis to illustrate that average realized loss rates on bets are consistently higher than predicted by the conventional calculation.
Author: Tadgh Hegarty
Publisher:
ISBN:
Category : Efficient market theory
Languages : en
Pages : 0
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Book Description
If betting markets are efficient, then the expected loss rate on all bets on a game can be calculated from the quoted odds. Guides to sports betting tell bettors how to do this calculation of the predicted average loss rate. We show that if bookmakers set higher profit margins for bets with lower probabilities of winning (as implied by the evidence on favorite-longshot bias) then average loss rates across all bets will be higher than predicted by this widely-recommended calculation. We provide evidence from betting on soccer and tennis to illustrate that average realized loss rates on bets are consistently higher than predicted by the conventional calculation.
Author: Lorenz Laplace
Publisher: BoD – Books on Demand
ISBN: 3754372971
Category : Sports & Recreation
Languages : de
Pages : 246
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Book Description
Since 2019 this book exists in German, now finally the English translation of this Buyer exists! Lorenz Laplace succeeded in gaining a fortune of 20,000 EUR quite systematically through sports betting within three years with 1,000 EUR starting capital and many small bets with stakes of 20-50 EUR. Laplace gives tips in easy-to-remember rules: For example, the main betting rule, the tax-favourites rule or the crass-outsider rule. The derivation of these tips is done in an understandable way, and the calculations are very easy to follow. The core of his strategy for betting is based on the following insight: the probabilities for a sporting event cannot be calculated exactly. So, every betting provider errs in setting the odds. Some odds are too low, others are too high for the outcome. It is only necessary to recognise in which direction the betting provider errs, e.g., in favour of the underdog or the favourite. The bettor's error is analysed with the help of a four-point plan, and then the bets are placed, naturally on the events that have received odds that are too high from the bettor.In addition, Lorenz Laplace gives other decisive tips, e.g., how to optimally integrate promotions: Deposit bonuses, free bets, cashback, or combination bet insurance, etc. The book is a must for every betting enthusiast who wants to make long - term profits with betting.
Author: Graham Sharpe
Publisher: High Stakes
ISBN: 9781843440604
Category : Gambling
Languages : en
Pages : 192
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Book Description
A gentleman who likes to bet should never be at a disadvantage when it comes to calculating the amount of winnings he has managed to prise away from the grasping clutches of the local turf accountant. In this book, readers will find one of the most comprehensive sporting ready reckoners ever to be produced and with the simple guide to bet settling, which explains all the short cuts and systems used by the professional settler, there is no wager readers will not be able to settle.
Author: Fortkal
Publisher: KAL
ISBN: 3967994546
Category : Games & Activities
Languages : en
Pages : 28
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Book Description
Dear readers, this book gives you a real opportunity to have a steady income for months, until the end of the sports season, if you strictly follow and follow the strategy offered by me to make bets. This is not just for reading, but a guide to earning a permanent, steady amount of money, as evidenced by the analysis of statistical data and mathematical calculations of probability theory. I am not launching an anti-advertising activity, however, now we can find on the Internet a number of works of authors offering various large winnings. In their systems the risk factor is not considered. Almost all betting e-books, on a 5-star scale, assessed as a work. In many cases, evaluators are people from the author's environment or sponsored by bookmakers and company representatives who benefit from this. In other words, betting e-books are considered to be the promotion of the gambling business and the best way to attract new players, because the bookmaker will win! And here's why one of the sites selling sports betting programs and strategies, which sells very primitive ideas, refused to sell this book. There are no comments. You may think there is nothing like 100 percent, but I would say there is. However, there are sports where some events are unpredictable or hard to predict based on which bookmakers offer pretty high odds which do not always correspond to the likely outcome of the event.As a result of making increasing bets on these events we have a constant benefit, performing tactical details and if necessary, using additional security systems. As for this sport (baseball), throughout the whole league (USA MLB, IL,PCL, Mexico LMB, Japan NPB and South Korea KBO) I observed the performance statistics of these high odds, the probability of events were calculated at any betting stage, as well as before the stage, and were put on an excel file programmed with appropriate formulas. I will thoroughly introduce them for those who are good at math(We will check using the famous Bernoulli formula). This betting strategy was tested simultaneously for 2 years and now I am presenting the results. I am presenting you a unique system on the Internet among the first bets-99,1 % +N1 % +N2 % (I will talk about this further in the text) success ensuring strategy. It is a strategy of sequential betting chains which is both theoretically and practically proven and analyzed by the theory of probability and calculations. Regardless of a particular event outcome, at some point of the chain (ultimately at the end) you will inevitably be the winner. In the system I am offering, you will see the risk size and proofs that in case of long-lasting large number bets you are not at risk. As a result, you have a steady increase in your initial capital, even if one series of bets with a 99.9 % probability does not work. That is, you get a monthly net income of 20-50 and more percent of your money for circulation. For instance, if you have 5000 euros (it's the maximum amount in this system and can be necessary in extreme cases, you will see it later in the table) then your monthly income will be about 1000 euros (relatively smaller benefit is conditioned by the usage of an additional support system), and in case of 3000 euros-the income will be up to 1500 euros depending on the odds. I would like to add that instead of the mentioned sum of 3000 or 5000 Euros, you can fit in the average amount of 1500-2000 Euros (but you need to have 5000 euros for security) and have a net monthly benefit of about 1500 euros (You will understand this from the following sub-titles of the book and from the table). As you understand, the indicated amount of 5000 euros is your bank, and if you want to invest more money, you can have a bank of more than 5000 euros. In this case, you will have a correspondingly large profit. You will need the screen only 2 or 3 times for an about 5 minutes, by the way, mostly after working hours.
Author: Jack Houghton
Publisher: John Wiley & Sons
ISBN: 0470029412
Category : Games & Activities
Languages : en
Pages : 227
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Book Description
The world of betting is being transformed by internet bettingexchanges, and there’s none bigger than Betfair, theworld’s leading online betting exchange. Winning onBetfair For Dummies is the definitive insider’s guide,giving you a full picture of the way Betfair works, explaining theterms, lingo and jargon, and letting you in on insider knowledgeand know-how. It’s the perfect reference for the first timeBetfair player, and also reveals tips and tricks tosatisfy even the most seasoned punter. Winning on Betfair FD includes information on: Backing and laying Placing more than one bet in a market Betting in-play Telephone, mobile phone and PDA betting Trading, arbing and bots Making a profession of it
Author: Matthew Davidow
Publisher:
ISBN: 9781096805724
Category :
Languages : en
Pages : 238
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Book Description
How do sportsbooks make their lines? Which types of bets are the best? Can you beat the house? The Logic Of Sports Betting answers all these questions and more with a dash of humor and a whole lot of real talk about how it all works. Peek behind the counter and learn how sportsbooks operate. Combine that insider knowledge with why-didn't-I-think-of-that sports betting logic, and you have the winning formula. Ed Miller is a best-selling (over 300,000 copies sold) author of books on poker and gambling. This is his first book on sports betting, but maybe his favorite book to write so far. Matthew Davidow is a sports modeler, using proprietary methods to beat major sports betting markets for over 15 years, and co-founding two leading private sports analytics firms along the way. What people are saying about The Logic Of Sports Betting "Matt and Ed are two of the smartest minds in sports betting." - Rufus Peabody, professional sports bettor "As a sportsbook employee for 30-plus years, I find it difficult to read or watch anything about sports betting. But I could not put The Logic Of Sports Betting down. It's that good." - Robert Walker, Las Vegas bookmaker
Author: Joseph Buchdahl
Publisher: High Stakes
ISBN: 9780857304858
Category :
Languages : en
Pages : 384
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Book Description
Almost everyone is familiar with Monte Carlo's association with gambling, and its famous Casino. Many may also have come across the Monte Carlo fallacy, so-called after the Casino's roulette wheel ball fell on black 26th times in a row, costing players, who believed that the law of averages made such streaks impossible, millions of dollars. However, the Casino also lends its name to a tool of statistical forecasting, the Monte Carlo simulation, used to model the probability of uncertain outcomes that cannot be easily predicted from mathematical equations. This book provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting, and in doing so unravels the mystery of probability and variance that lies at the heart of all gambling.
Author: Swain Scheps
Publisher: John Wiley & Sons
ISBN: 1119748615
Category : Games & Activities
Languages : en
Pages : 464
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Book Description
The sports gambling book you can bet on Sports betting combines America's national pastime (sports) with its national passion (gambling). In the U.S., more than a third of the population bets on at least one sporting event every year. With the recent lifting of the federal ban on sports gambling, states are pushing legislation to take advantage of the new potential source of revenue. The best sports betting books are data driven, statistically honest, and offer ways to take action. Sports Betting For Dummies will cover the basics, as well as delving into more nuanced topics. You’ll find all the need-to-know information on types of bets, statistics, handicapping fundamentals, and more. Betting on football, basketball, baseball, and other sports Betting on special events, such as the Superbowl or the Olympics Money management Betting on the internet With handy tips, tricks, and tools, Sports Betting For Dummies shows you how to place the right bet at the right time—to get the right payoff.
Author: Donald B Hausch
Publisher: World Scientific
ISBN: 9814470643
Category : Mathematics
Languages : en
Pages : 679
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Book Description
A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of racetrack betting is clearly drawn from, and has correspondingly returned something to, all the fields of psychology, economics, finance, statistics, mathematics and management science.
Author: Nick Mordin
Publisher: Aesculus Press Ltd
ISBN: 9781904328087
Category : Sports & Recreation
Languages : en
Pages : 372
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Book Description
