Sports Betting

Spread betting

Saturday, February 21st, 2009

Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. A bet is made against a ’spread’ (or index), on whether the outcome will be above or below the spread. [...]

Parlay

Saturday, February 14th, 2009

A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If [...]

Arbitrage betting

Sunday, February 1st, 2009

Betting arbitrage is a particular case of arbitrage arising on betting markets due to either bookmakers’ different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can make a profit.In the bettors’ slang an arbitrage is often referred to as [...]

Fixed Odds Betting Terminals

Saturday, January 31st, 2009

HTML clipboardFixed Odds Betting Terminals (FOBTs) are computerised machines normally found in betting shops which allow players to bet on the outcome of various games and events with Fixed Odds. They were introduced to UK shops in 2002, shortly after the abolition of the Betting Tax in October 2001.The most commonly [...]

Over-under

Saturday, January 24th, 2009

An over-under or over/under bet is a wager in which a sportsbook will predict a number for a statistic in a given game (usually the combined score of the two teams), and bettors wager that the actual number in the game will be either higher or lower than that number. For example, [...]

Bar bet

Tuesday, January 20th, 2009

A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Some bar bets are intended to trick the other party into losing.
Famous bar bets

The annual Midnight Sun baseball game [...]

Parimutuel bet types

Sunday, January 18th, 2009

There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows:
In North America

Win – A first place finisher wins the bet.
Place – Either a first or a second place finisher [...]

Kelly criterion

Tuesday, January 13th, 2009

The Kelly Criterion or as it is sometimes referred to as the Kelly formula is a formula used to maximize the long-term growth rate of repeated plays of a given gamble that has positive expected value. The formula specifies the percentage of the current bankroll to be bet at each iteration of [...]

Sports betting

Sunday, September 21st, 2008

Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. In North America, for example, sports gambling is generally [...]