One of the most important ideas in Kelly is that betting more than the Kelly Twice Betting Said amount decreases the probability of very good results, while still increasing the probability of very bad results. Since in reality we seldom know the precise probabilities and payoffs, and since overbetting is worse than underbetting, it makes sense to err on the side of caution and bet less than the Kelly amount. Continue reading “The Kelly Criterion”
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Fractional odds are generally the most traditional form of expressing betting odds. They are a simple reflection of the return you will receive for a particular amount bet. For example, let’s say bookmaker bet365 is offering odds of 1.65 for Manchester United to win.
Decide on the wager you want and then look for the deal that will add the highest value. In general, the bookies do not want the favourites to win. Continue reading “Odds Converter & Calculator”
Clean Money Checks which the dealer hands out of the tray to pay a bet. “Dirty” money is checks from a losing players bet used to pay the bet of a winning player. Casing the Layout Taking a brief look at the bets on the table prior to starting to deal the cards. Take particular note of the bets on first and third base because they are the most likely to be pinched or capped.
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The lay bet calculator works out the most effective lay stake to minimise your loss from this bet. Back and lay betting involves placing two bets at different betting companies. Continue reading “Accumulator Calculator”
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