Tag: sports betting
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Understanding Arbitrage and Hedging in Sports Betting
Today, we’re diving into a topic that often gets misunderstood in the positive expected value (EV) gambling circles: hedging and arbitrage. These concepts are closely intertwined, and it’s crucial to grasp their implications for making smart betting decisions. Let’s start with arbitrage, as it’s relatively straightforward. Imagine you find two sportsbooks offering different odds on…
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Introduction to Betting on Hockey
Hey there, fellow sports enthusiasts! Today, we’re diving into the exciting world of hockey betting. If you’ve ever wanted to place a wager on a hockey game but felt overwhelmed by the different types of bets and odds, you’re in the right place. Let’s break it down together! Photo by Chris Liverani on Unsplash The…
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Introduction to Betting on Basketball
Photo by TJ Dragotta on Unsplash Hey there, fellow sports enthusiasts! I’m excited to dive into the world of basketball betting with you, especially since it’s that thrilling time of year—NBA playoffs! If you’ve been following my live streams, you know we’re making tons of NBA bets right now. But if you’re just starting your…
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Understanding the Kelly Criterion for Bankroll Management
As a sports bettor, you know that making informed wagers is critical. But do you understand how to manage your bankroll effectively? One of the essential tools in any sharp bettor’s arsenal is the Kelly Criterion. This formula helps determine the optimal bet size based on your bankroll and the odds of a wager, ensuring…
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Introduction to Betting on Baseball
Hey everybody! Welcome to the exciting world of baseball betting. With summer in full swing, it’s the perfect time to dive into this popular pastime. Today, we’re going to break down the basics of betting on baseball, ensuring you have a solid foundation before venturing into the more complex strategies. So, let’s get started! Photo…