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.
DetailsHow the Bandwagon Effect Can Influence Your Bets
The bandwagon effect can be very dangerous in the betting world. This bias refers to the situation when people are afraid to be wrong so they prefer to make the same decisions as the majority. In the betting world this effect works against the gamblers and in favor of the bookies.
DetailsUnderstanding Parlay Odds
Parlay odds are usually used by beginner betters who want to have fun while also making some money. These sort of bets are a lot riskier than simple bets as it is very hard to research and calculate the odds of victory for multiple teams. In order to increase your chances of winning a parlay bet you should use a sports tip website.
DetailsBetting 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.
DetailsBetting Tips for the England Premiere League 2013/2014
The soccer season is very exciting for the fans of this sport and the upcoming England Premiere League will definitely be an adrenaline rush. If you are planning on making a bet on the winner of this league, you better start gathering some facts about the favorite teams: Chelsea, Arsenal and Manchester City.
DetailsShould it be illegal to bet on sports?
A lot of people lose their reason and everything they own in sports betting. However, these are isolated cases. According to betting statistics, over 99,5 % of people who bet on sports are mentally capable for gambling. Should these people be deprived their right for entertainment due to the fact that certain people are not suited for gambling.
DetailsThe Principles of Value Betting
Value betting is one of the fundamental concepts of sports betting. Value is the difference between the odds set by the bookie and the odds estimated by the gambler. In order to apply the principles of value betting in favorable situations you need to arm yourself with a lot of data and statistics.
Details