Category: Betting Research

Making Profit in Sports Betting is from Finding Value and not Beating the Closing Odds

Recently there has been a lot of talk in betting discussions about Closing Odds Market Efficiency or Closing Line Efficiency Theory. Basically, the theory suggests that the closing odds are the most efficient and have the least value since they are as close to their true probability (minus the bookmaker’s edge) as possible. Therefore only…

The danger of data mining in sports betting strategies: How to avoid falling into the trap?

This article has been written by Daniel Muñoz, you can follow him on Twitter DANI84 @DMN1984ADS. From Betaminic we thank Dani for the excellent work done to prepare this article and to share with all of us his extensive knowledge and experience in the field of statistics applied to sports betting. In recent times betting strategies…

Deconstructing “the gambler’s fallacy”: discover how to create winning strategies in sports betting

Many bettors and self-proclaimed professionals take the gambler’s fallacy as an absolute and indisputable truth. I believe that it is wise to consider everything and to take each one’s own conclusions based on proven facts. Taking advantage of the existence of tools such as Betamin Builder, we now have the possibility to analyze specific historical…