Events | Sports Betting

Governing body and Champions of Biathlon

Wednesday, April 1st, 2009

Governing body In 1948, the Union Internationale de Pentathlon Moderne et Biathlon (UIPMB) was founded, to standardise the rules for biathlon and modern pentathlon. In 1993, the biathlon branch of the UIPMB created the International Biathlon Union (IBU), which officially separated from the UIPMB in 1998. Presidents of the UIPMB/IBU: 948–1949: Tom Wiborn (Sweden) 1949–1960: [...]
Cross-country skiing

Tuesday, February 24th, 2009

Tartu Marathon 2006 cross-country ski race in Estonia. Cross-country skiing (also known as XC skiing) is a winter sport popular in many countries with large snowfields, primarily Northern Europe and Canada. The popularity of the sport has been quickly growing in the United States. Finnish soldiers on skis. Like most of the other Fennoscandinavian armies, [...]
Prediction market

Friday, February 20th, 2009

Prediction markets are speculative (i.e., betting) markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event (e.g., will the next US president be a Republican) or parameter (e.g., total sales next quarter). The current market prices can then be interpreted as predictions of the [...]
Odds

Thursday, February 5th, 2009

In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. The logarithm of the odds is the logit of the probability.Odds have long been the standard way of representing probability used by [...]
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 played game is Roulette. [...]
Betting scandals

Sunday, January 25th, 2009

Historically, sports betting has been associated with a number of unsavory characters, which has a lot to do with its desultory legal treatment throughout the world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. The corruption or threat of a boxer to take a dive at the x round [...]
Types of bets

Tuesday, January 13th, 2009

Aside from simple wagers–betting a friend that one’s favorite baseball team will win its division, for instance, or buying a football “square” for the Super Bowl–sports betting is commonly done through a bookmaker. Legal sports bookmakers exist throughout the world (perhaps most notably in Las Vegas). In areas where sports betting is illegal, bettors usually [...]
Sports betting systems

Thursday, November 6th, 2008

Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems allow the gambler to have an edge.Sportsbooks use systems in their analysis to [...]
Parimutuel betting

Thursday, October 30th, 2008

Parimutuel betting (from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.The parimutuel system is used in gambling on [...]
Betting strategy

Saturday, October 4th, 2008

Betting strategies or betting systems are approaches to gambling intended to increase the odds of winning. Independent Events The following betting strategies have been recorded as being applied to games which operate on independent events. For such games, the odds of a particular outcome are identical for every bet played. No such strategy can beat [...]
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 forbidden, while in many [...]