Sports Betting Tips

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Archive for November, 2013

The Difference between a Population and a Sample in Sports Betting

Statistics is an important part of sports betting that punters must master so they will be able to place a smart bet. This article will describe two important types of data sets – samples and population – and the difference between them.

Sports Arbitrage Betting Explained

Arbitrage betting is a trading technique that uses the odds with a guaranteed profit. This is the only way to make a constant profit without having interest in sports. This method has been used for a long time in financial markets, so average bettors might find it difficult to master.

Unconditional, Conditional and Joint Probability in Betting

In order to become a successful bettor, you must master the betting probability. Probabilities describe the frequency of a possible result, while the odds compare favorable to unfavorable outcomes. We will break this difficult terminology into a more easy to grasp language so you can better understand this concept.

The Rules of Multiplication in Betting

This article focuses on the two rules of multiplication in betting, the general rule of multiplication and the special rule of multiplication. Smart bettors must know how to differentiate between independent and dependent variables and how to calculate the joint probability of an event.