What are betting odds? When a bettor asks “What are the odds?”, he is not asking what the probability is, he is asking how much he can win if he bets on it. Betting odds are the way bookmakers let us know their “offer” or their “price” on an event happening. In statistics, 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…
I was with my friend Johnny having a drink the other day and he told me: “I have been following the best betting strategies for a long time, and even though the systems are winners I always end up losing. What’s wrong?” If you feel identified with Johnny do not worry, you are in the…
Hi everyone, We want to share with all of you a research made regarding the movement of betting odds, from the opening odds to the start of the game. The goal of this study is to explore the behaviour of the odds from the opening to the final odds, pre-match event. Nowadays, it is very common to…
Hi everyone, We studied the results to bet one unit on the top 5 football leagues in Europe regarding odds range, trying to find an edge or a pattern to establish a base for a strategy. Odds used for this analysis are taken from Pinnacle Sports; they usually have the highest odds and massive liquidity…