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  2. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    Decimal odds are a single value, greater than 1, representing the amount to be paid out for each unit bet. For example, a bet of £40 at 6 − 4 (fractional odds) will pay out £40 + £60 = £100. The equivalent decimal odds are 2.5; £40 × 2.5 = £100. We can convert fractional to decimal odds by the formula D = (b + a) ⁄ b.

  3. Statistical association football predictions - Wikipedia

    en.wikipedia.org/wiki/Statistical_association...

    Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers [citation needed] [dubious – discuss], who use them to set odds on the outcome of football matches.

  4. Sports betting - Wikipedia

    en.wikipedia.org/wiki/Sports_betting

    Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake – the solidus "/" is pronounced "to"; for example, 7/1 is "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive, and the stake ...

  5. Odds - Wikipedia

    en.wikipedia.org/wiki/Odds

    Thus even odds 1/1 are quoted in decimal odds as 2.00. The 4/1 fractional odds discussed above are quoted as 5.00, while the 1/4 odds are quoted as 1.25. This is considered to be ideal for parlay betting, because the odds to be paid out are simply the product of the odds for each outcome wagered on. When looking at decimal odds in betting terms ...

  6. Betting strategy - Wikipedia

    en.wikipedia.org/wiki/Betting_strategy

    A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [ 1 ]

  7. NFL odds: Amid questions over Matthew Stafford's elbow, line ...

    www.aol.com/sports/nfl-odds-amid-questions-over...

    Matthew Stafford says his elbow is fine and there's nothing to worry about. Bettors and oddsmakers are a little more skeptical. The Buffalo Bills were 1-point favorites for the NFL's regular ...

  8. Teaser (gambling) - Wikipedia

    en.wikipedia.org/wiki/Teaser_(gambling)

    Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction). If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).

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