Odds

|

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 … Read More

Nassau bet

|

The Nassau bet is a type of bet in golf that is essentially three separate bets. Money is wagered on the best score in the front 9, back 9, and total 18 holes. The Nassau is one of golf’s most … Read More

Kelly gambling

|

Kelly gambling is an application of information theory to gambling and (with some ethical and legal reservations) investing. An important but simple relation exists between the amount of side information a gambler obtains and the expected exponential growth of his … Read More

Fixed Odds Betting Terminals

|

Fixed 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 … Read More

Exacta

|

An Exacta is a type of bet placed in horse racing which requires the bettor to select the 1st and 2nd place finishers of the race in the correct order.This is more difficult than selecting only the winner of the … Read More

Dutch book

|

In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, no matter what the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent.In economics a … Read More

Daily double

|

A daily double is a type of wager offered by horse and dog racing tracks. It requires bettors to select the winners of two consecutive races. Because of the increased difficulty of picking two straight winners, wining daily double bets … Read More

Calcutta Auction

|

A Calcutta Auction is an open auction held in conjunction with a golf tournament, horse race, or similar contest with multiple entrants. It is popular in Backgammon and is currently enjoying rising popularity for NCAA Basketball pools during March Madness.Bidding … Read More

Betting strategy

|

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 … Read More

Bar bet

|

A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Some bar bets are intended to trick … Read More

Bank job

|

In gambling, a Bank Job is a term for putting all of your money on a particular betting option, for instance “Yankees to beat the Kansas City Royals is a Bank Job” It is often mocked by statements claiming people … Read More

Arbitrage betting

|

Betting arbitrage, surebets, sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers’ different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor … Read More

1 2 3