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Thus, in an "ideal" situation, if the bookmaker accepts £120 in bets at his own quoted odds in the correct proportion, he will pay out only £100 (including returned stakes) no matter the actual outcome of the football match. Examining how he potentially achieves this: A stake of £60.00 @ 4-6 returns £100.00 (exactly) for a home win.
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.
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 ]
Betting systems based on statistical analysis have been around for a while, however they have not always been well known. One group that was known for their accurate predictions was called The Computer Group. They formed in Las Vegas in 1980 and successfully wagered on college football and basketball games for years making millions.
Giants -3 vs. Lions. The line looks surprising if you focus on won/loss records, but of course, deeper metrics are more worthwhile and those actually suggest these teams are close to even.
[2] [3] One of the most commonly used statistics is the combined total score of the two teams, and for this reason the wager is also known as the total. For example, in Super Bowl XXXIX, most Las Vegas casinos set the over–under for the score of the game at 46.0. A bettor could wager that the combined score of the two teams would be either ...
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The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.