Odds explanation - How do betting odds work?

Odds explanation - How do betting odds work?

In the field of sports betting, there are betting odds. But what exactly is a betting odds and how is it composed? With a normal bet, there is a bet between two parties. Privately, there is often a bet for something and the loser has to clean up dust, for example. Sports betting is a bit different. In this case, the sports betting bets a certain amount on the outcome of a football match. Bookmakers offer betting odds explanation on …
Is Man City's Stellar Start Down To Guardiola Or The Fixture List?

Is Man City's Stellar Start Down To Guardiola Or The Fixture List?

When Pep Guardiola joined Manchester City, it was expected that City will become even more of a dominant force in the Premier League. After all, Pep came to City with a 74.2%-win ratio in 408 games at Barcelona and Bayern Munich, accumulating on an average 2.37 points per game. He also joined a team brimming with talent, reflected by its growing silverware count over the last few years. So, while it was expected for them to be dominant, it is …
Sports Betting

Sports Betting

Growing up, sports was one area at school that everyone either loved or hated. For many, the feeling of the freedom of being outside away from the classroom come rain or shine was liberating, for others the fear of running around for a couple of hours filled them with dread. Whichever one best described you, if you are a gambler, the Sports betting market is one that can’t be ignored. Most Popular Sports From a betting perspective, horse racing has …
Odds of Winning the League: The Final Day | Probability Analysis

Odds of Winning the League: The Final Day | Probability Analysis

Wow. What a day. In what was the most exciting finish to the English Premier League season ever, Manchester City secured the title with 2 stoppage time goals to beat out Manchester United on mere goal differential. [caption id="attachment_14511" align="alignright" width="225" caption="Kompany and Aguero Celebrate"][/caption] Instead of trying to sum up the craziness that was this final day in words, I thought it would be better to quantify all the swings that happened. City went from being confident of winning …