Mathematical Betting on the Odds
The odds are the key to what I would call mathematical betting. Mathematics doesn’t factor in any emotion or opinion, it provides a sequence of numbers which will either be true or will be proven untrue. To simply read the odds and predict based on them requires little to no betting skill, and in fact one doesn’t have to be familiar with the teams, the league, or even the sport to bet.
Factional Betting Odds Example;
Liverpool (6/11) v (10/3) West Ham (7) West Ham is a 7-1 underdog against Liverpool
A wager of £1 offers a return of £7.
Newcastle (10/3) v (13/5) Arsenal (1) Arsenal is at even odds
A wager of £1 offers a return of £2.
Conclusion on “Mathematical Betting”
Mathematical betting is the easiest way to ease yourself into the betting world. Without any real knowledge of the sport, the players or the teams, it’s pretty easy to know that Liverpool is nearly guaranteed to win, while Arsenal is simply the odds on favourite. In my opinion, the new bettor should bet a game like Arsenal v Newcastle, since the odds see a modest pay off for a reasonable bet. [Read more…]