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Markup-Bias Analysis: Estimating the probabilty of an event from closed markets

Assume we want to benchmark the fair odds of a market, but there is no liquidity at the exchange. We can estimate the Fair Odds of an event in a Closed (or Complete) market by analysing a bookmakers prices, determining the markup and estimating bias. A complete betting market is a market that contains prices …

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Three methods for estimating the probability of over x goals in y games

  Below we present three methods for estimating over x goals in y games: Method A – using the exchange Daily Goals Market Method B – using over 0.5 to over 7.5 exchange data for each game Method C – using a discrete probability distribution This is followed by a case study using real data …

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4 methods for extracting value from horse races with additional paid places

Value betting Dutching the race Laying the win only and targeting any place Laying the win and the place and targeting the EP   It is possible to make long term profit by betting on horse races where the terms are in our favour. The return can average 20% of overall stake placed on a …

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Value Betting Strategy: Following Smart Money in the 2018/19 football season

What is smart money? Why is it smart? Why bet on it? Betting on Smart Money 2013/14 to 2017/2018 seasons with a Time Machine Real Life Case Study: Applying the Strategy to 2018/19 Season in an attempt to make £100k   What is smart money? Connected individuals, syndicates and all round smarty-pants will generally get …

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