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2. Mathematics of bookmaking - Wikipedia

   en.wikipedia.org/wiki/Mathematics_of_bookmaking

   E.g. £100 each-way fivefold accumulator with winners at Evens ( 1 ⁄ 4 odds a place), 11-8 ( 1 ⁄ 5 odds), 5-4 ( 1 ⁄ 4 odds), 1-2 (all up to win) and 3-1 ( 1 ⁄ 5 odds); total staked = £200 Note: 'All up to win' means there are insufficient participants in the event for place odds to be given (e.g. 4 or fewer runners in a horse race).

3. Sports betting odds explained: How they work and how to ... - AOL

   www.aol.com/news/sports-betting-odds-explained...

   A quick rundown of how UK bookmakers’ odds work, as well as how to read them and how to use them when placing bets Sports betting odds explained: How they work and how to read them Skip to main ...

4. DraftKings - Wikipedia

   en.wikipedia.org/wiki/DraftKings

   DraftKings Inc. is an American gambling company based in Boston, Massachusetts.It offers sportsbook and daily fantasy sports (DFS) services.. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel.

5. Fixed-odds betting - Wikipedia

   en.wikipedia.org/wiki/Fixed-odds_betting

   In making a bet where the expected value is positive, one is said to be getting "the best of it". For example, if one were to bet $1 at 10 to 1 odds (one could win $10) on the outcome of a coin flip, one would be getting "the best of it" and should always make the bet (assuming a rational and risk-neutral attitude with linear utility curves and have no preferences implying loss aversion or the ...

6. DraftKings CEO rebuffs argument that AI could make sports ...

   www.aol.com/finance/draftkings-ceo-rebuffs...

   DraftKings’ CEO said the sports-betting platform is using AI to augment the customer experience and has guardrails against ... “If I’m betting on a particular football team every single week ...

7. Martingale (betting system) - Wikipedia

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

   The probability of winning is equal to 1 minus the probability of losing 6 times: 1 − (10/19) 6 = 97.8744%. The expected amount won is (1 × 0.978744) = 0.978744. The expected amount lost is (63 × 0.021256)= 1.339118. Thus, the total expected value for each application of the betting system is (0.978744 − 1.339118) = −0.360374 .

8. Odds - Wikipedia

   en.wikipedia.org/wiki/Odds

   Decimal odds are favoured by betting exchanges because they are the easiest to work with for trading, as they reflect the inverse of the probability of an outcome. [13] For example, a quoted odds of 5.00 equals to a probability of 1 / 5.00, that is 0.20 or 20%. Decimal odds are also known as European odds, digital odds or continental odds. [9]

9. Sports betting - Wikipedia

   en.wikipedia.org/wiki/Sports_betting

   Odds boards in a Las Vegas sportsbook. Sports betting is the activity of predicting sports results and placing a wager on the outcome.. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies".