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  2. Betting strategy - Wikipedia

    en.wikipedia.org/wiki/Betting_strategy

    Betting strategy. A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [1]

  3. Sports betting systems - Wikipedia

    en.wikipedia.org/wiki/Sports_betting_systems

    Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems supposedly allow the gambler to have an edge or an advantage. Sportsbooks use systems in their analysis to set more accurate odds. Therefore, the novice gambler may believe that using a system will always work, but it is the general ...

  4. Statistical association football predictions - Wikipedia

    en.wikipedia.org/wiki/Statistical_association...

    Statistical association football predictions. Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers [citation needed][dubious – discuss], who use them to set odds on ...

  5. Sports rating system - Wikipedia

    en.wikipedia.org/wiki/Sports_rating_system

    A sports rating system is a system that analyzes the results of sports competitions to provide ratings for each team or player. Common systems include polls of expert voters, crowdsourcing non-expert voters, betting markets, and computer systems. Ratings, or power ratings, are numerical representations of competitive strength, often directly ...

  6. Martingale (betting system) - Wikipedia

    en.wikipedia.org/wiki/Martingale_(betting_system)

    Martingale (betting system) A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss ...

  7. Football pools - Wikipedia

    en.wikipedia.org/wiki/Football_pools

    Football pools. The Totocalcio Logo. In the United Kingdom, the football pools, often referred to as "the pools", is a betting pool based on predicting the outcome of association football matches taking place in the coming week. The pools are typically cheap to enter, and may encourage gamblers to enter several bets.

  8. Gambling and information theory - Wikipedia

    en.wikipedia.org/wiki/Gambling_and_information...

    Kelly betting or proportional betting is an application of information theory to investing and gambling. Its discoverer was John Larry Kelly, Jr . Part of Kelly's insight was to have the gambler maximize the expectation of the logarithm of his capital, rather than the expected profit from each bet. This is important, since in the latter case ...

  9. Spread betting - Wikipedia

    en.wikipedia.org/wiki/Spread_betting

    Spread betting. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting . A point spread is a range of outcomes and the bet is whether the outcome will be ...

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