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How Difficult is Sports Betting Math

Written by:
Payton
Published on:
Dec/03/2020

 

Learn the numbers behind sports betting and how it works. What are the chances of winning? How do you break even?

Sports betting is mainly motivated by the passion for sports that is why research shows that most bettors are sports fans. These bettors are however counting on the knowledge and their love for the game to make some money from bookies. But in actuality, betting is pure maths. Expert gamblers who have acquired over the years know that it is more rewarding to come up with formulas and spreads than to spend time watching games. In the long run, only the punters that understand the mathematics behind sports betting will excel in their betting careers. As stated earlier, sports betting is pure maths and it’s quite complicated. This, however, does not mean the math behind making more accurate predictions cannot be learned. But how difficult is this maths?

The maths behind improving one’s chances of making more wins like jackpot in Mcheza Kenya is complicated, but outsmarting the bookie isn’t that difficult. There are some important things you need to know before you place a bet. The first is the type of bet you want to place, the type of team (underdog or favorite), and the amount of stake you want to risk. Pro gambler considers more than these three factors before the bet on sports. One of the strategies they use is variance and they worry about variance more than the average bettors. Also, they have to plan against forces of variance by managing their bankroll to avoid negative possibilities.

Another way pro gamblers make their money in sports betting is by using the slightest advantage offered by the bookie. To become a profitable sports bettor, you have to be able to find advantages and opportunities where the bookie is most vulnerable. Also, these pros keep a detailed record of all their bets including the ones that won and lost. This is because no edge in any sports applies to more than one game. These records help them keep testing theories and formulas that could later be very useful in making accurate predictions.

Trying to make money from sports betting is made more complicated because the odds on display on the bookmaker website is never the true probability of the events occurring. The actual winnings are always less than what could have been won if the actual odds were displayed. This is simply because the bookmaker includes its profit margin in the odds. Therefore the house will always win.

From all we have discussed above, it is evident that sports betting maths is a herculean task that only a handful of bettors can follow through. This leaves a larger percentage to bet using only intuition, emotions, and basic sports betting knowledge.

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