Guide to Strategies
Which Sports to Bet On?
Enter through the doors of the local betting shop, and take a look around. Invariably, there will be several locals betting on anything they can find, from the roulette machine, to greyhounds, virtual racing, to the real action. Ultimately, they just want their fix. Their betting fix. The thrill of picking a winner, getting a […]
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Arbitrage Betting
Arbitrage betting – also known as arbs, surebets, miraclebets and surewins – is a technique in which you place bets with different online betting companies in order to cover all of the outcomes of a sporting event to guarantee yourself profit. An arb arises when betting companies take an alternative view on the outcomes of […]
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Asian Handicap Betting
As the name suggests, betting on football using Asian Handicaps is particularly popular in the Far East, however it remains surprisingly less popular in other European countries. Ask any semi-pro or pro gambler of their preferred market and chances are Asian Handicaps will feature high up their list. This is no coincidence – the Asian […]
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Tote Systems
The tote (short for totalisator) is a betting system ubiquitous around the world. Different countries exhibit varying degrees of use of the tote, but it is by and large present in some form or another. The tote is essentially a pool betting system whereby the weight of money for a selection in a contest determines […]
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Poisson Distribution
In previous articles, we’ve looked at odds and probabilities, then used this to understand the concept of value betting. Whilst discussing value, we touched on creating our own prediction model to allow you to generate your own probabilities and odds for certain sporting events. This can then be used to compare your odds with those of the […]
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The Hunt For Value In Sports Betting
In a previous article, we looked at probability, odds and the overround (see here). This gave the basics that you need to consider to fully get to grips with the topic of finding ‘value’ in sports betting. As a summary, bookmakers use odds to represent the probability of an outcome happening within an event. For […]
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Understanding Probability, Odds And Overround (Vig)
Most people understand that the amount of winnings you get from a successful bet is dependent on the odds available and the amount you staked. But the majority do not fully understand or take into account what the bookmakers’ odds actually represent. Contrary to popular belief, they are not randomly plucked out of thin air, […]
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Kelly Criterion
When it comes to making long-term profit through gambling, managing your betting bank correctly and finding the right staking plan is as important as identifying a winning strategy based on finding value in the market. Even if you have an edge and can identify value – which is where the bookies offer higher odds than […]
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Sweetheart Teasers
Sweetheart teasers, also called monster teasers at some books, are special types of bets designed by the books to lure players in with the illusion of easy profits. While these bets do win from time to time, that does not mean you will hit them often enough to overcome the house edge. Before explaining a […]
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Malaysian Odds
Malaysian Odds, or Malay odds, are one way to correspond the relationship between your stake and your potential profit on a given bet. These odds depend on local customs and are similar to a local language in a way. If you show up in one country speaking a different language, people may not understand you. […]
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