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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.
When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More ...
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Manski, Charles F. Interpreting the Predictions of Prediction Markets – PDF file – Revised Aug 2005—Manski suggests that there needs to be a better theoretic basis for interpreting market prices as probability, and provides a simple model for this. Rhode, Paul; Strumpf, Koleman (2004). "Historical Presidential Betting Markets" (PDF).
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Bet365 is a British gambling company founded in 2000. Its product offering includes sports betting, online casino, online poker, and online bingo.Business operations are conducted from its headquarters in Stoke-on-Trent, alongside a satellite office in Malta.
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