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Category archive: Odds Guide

Sports Betting Stats

Knowing how to read and use sports betting stats is a very important skill for a professional better. In this article we cover the main categories of sports statistics ( descriptive and inferential) and we teach you how to use them in order to be able to predict the odds of a sports event.

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Frequency Distribution in Sports Betting Stats

Frequency distribution is an important organizing tool in sports betting stats. It allows you to simplify the process of gathering information and it also helps you highlight statistical trends and outcomes. It can be used with any type of data gatherings therefore it can be used in all types of bets.

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Sample and Population in Sports Betting Stats

Sports betting stats are an important part of the betting research and analyses. In this article, we cover the differences between a population and a sample. In the betting world, a population refers to all the objects of a group of objects whilst the sample is only a subset of the population.

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The Rule of Multiplication in Betting Probability

The rule of multiplication can be applied to both dependent and independent events.It can also help you calculate joint odds when you want to bet on several games. These aspects of probability are very important if you want to be a professional gambler and earn a regular income out of bets.

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From Probability to Betting Odds

It is very easy to convert probability to betting odds if you use the decimal format. In order to do this you must have a very good understanding of the basic principles of probability and frequency distribution. Once you grasp these concepts, you will be able to determine the odds of a game.

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Types of Betting Probability: Unconditional, Conditional and Joint

Betting probability can be classified according to various factors. In this article we explain conditional, unconditional and joint probabilities. These odds are calculated according to certain events which condition the outcome of a bet. These events can either happen in the same time or in a row.

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Betting Probability Explained

A betting probability represents the likelihood of winning a bet. There are three main types of probabilities that you can use in order to calculate your winning chances: empirical, subjective and priori. The best thing to do is develop a priori algorithm based on as many factors as possible.

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