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Tag archive: betting probability

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.


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.


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.