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Handicap systems in golf
Monday, September 7th, 2009
A handicap is a numerical measure of an amateur golfer’s ability. It can be used to calculate a so-called “net” score from the number of strokes actually played, thus allowing players of different proficiency to play against each other on equal terms. Handicaps are administrated by golf clubs or national golf associations. Handicaps are complicated, [...]
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Equipment for cross-country skiing: Bindings/boots
Friday, April 17th, 2009
Three different binding systems are used in modern cross-country skiing: NNN (New Nordic Norm) – including the new R4 NIS variant SNS (Salomon Nordic System) Profil SNS Pilot Older styled three-pin bindings (Nordic Norm), with or without cables, are still used by backcountry and Telemarking enthusiasts. NNN New Nordic Norm (NNN) bindings, made by Rottefella, Rossignol, [...]
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Theoretical challenges and commercial interest in prediction market
Monday, March 9th, 2009
Theoretical challenges Some academic research has focused on potential flaws with the prediction market concept. In particular, Dr. Charles F. Manksi of the Northwestern University Department of Economics published a paper in 2004, “Interpreting the Predictions of Prediction Markets”, [2] in which he attempts to show mathematically that under a wide range of assumptions the [...]
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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 [...]
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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 [...]