We are going to show the methodology of website www.betpractice.com to calculate commercial “real” probabilities and “real” odds for betting markets of football games. Betpractice Studio uses the assumptions below: Let’s assume the game Arsenal vs Chelsea, To calculate the probability for “Home win” we use three samples. ..2017-09-08
There are three main types of betting odds: 1) Fractional 2) Decimal 3) Money line odds. Betting odds is of critical importance because it allows you to understand what your winnings will be. Fractional Odds The expression of this type of odds is A/B. For every value of B that you bet, you will win A, plus the ..2017-09-08
Exchange markets offer a slightly different type of betting than bookmakers. A bookmaker is a company who make separate and individual betting transactions with punters. Bookmakers buy and sell bets with their own money and make profits from an added value from the transactions. At the other hand, exchange market is ..