In the exciting world of sports betting, one of the most studied aspects for bettors is odds movements. The variation of odds from opening to closing can be interpreted as a signal of a change in the odds perceived by bettors. In this article, we have conducted a comprehensive analysis of over 180,000 football matches,…
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 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…