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  2. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    Fractional odds are written a − b (a/b or a to b), meaning a winning bettor will receive their money back plus a units for every b units they bet. Decimal odds are a single value, greater than 1, representing the amount to be paid out for each unit bet. For example, a bet of £40 at 6 − 4 (fractional odds) will pay out £40 + £60 = £100.

  3. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.

  4. Kelly criterion - Wikipedia

    en.wikipedia.org/wiki/Kelly_criterion

    Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.

  5. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    Bet variation. The simplest way a card counter makes money is to bet more when they have an edge. While playing back the tapes of a recent session of play, the software can generate a scatter plot of the amount bet versus the count at the time the bet was made and find the trendline that best fits the scattered points.

  6. Statistical association football predictions - Wikipedia

    en.wikipedia.org/wiki/Statistical_association...

    Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers [citation needed] [dubious – discuss], who use them to set odds on the outcome of football matches.

  7. SpreadEx sign up offer: Latest SpreadEx welcome offer - AOL

    www.aol.com/spreadex-sign-offer-latest-spreadex...

    Spread free bets: Users that place regular spread bets can qualify for more SpreadEx free bet offers. By placing three spread bets in a 10 minute period, you will receive the fourth bet as a free ...

  8. Play Poker Five Card Draw Online for Free - AOL.com

    www.aol.com/games/play/masque-publishing/poker...

    Poker: Five Card Draw. Make the best five-card combination with an opportunity to draw, while enjoying structured betting. By Masque Publishing

  9. Martingale (betting system) - Wikipedia

    en.wikipedia.org/wiki/Martingale_(betting_system)

    A martingale is a class of betting strategies that originated from and were popular in 18th-century France.The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails.