Maths at betting

[Klito]

Do you know how to use maths at betting ? How does the probability works ?

 

[OzExorcist]

Erm... do you have a specific question or example?

 

[XXPXXP]

the house calculate the people to buy different results

example one game , supposed to have 100 people join in game, and 90 to pick results A, 10 to pick up results not A

so in general, house will give odds like

results A: 1 to win 1.1
results not A: 1 to win 1.9

then collect money, but house will take some rake

so the final bet odds will something like 1 to 1.05 other side will be 1 to 1.85

so that regardless the results, the house will win.

sportsbetting odds does not mean anything to game results just related to the percentage , player buying the possible results.

 

[RomaS]

These coefficients are always connected with odds, because the bookmaker does not want to pay more than collect the bets. But keep in mind that there is always a profit percentage for the bookmaker himself, because the coefficients are usually 5-10% lower than the whole, if you add them.

 

[Klito]

Thanks for your explanation

 

[Max Diver]

Math is important for example, you can check how many points an NFL scored on 10 games. You can calculate if the scores are gonna be high or low to bet. Depends on both teams.

Odds on score and defense are important.

Math can help for sure on betting. On many many ways.