Questions tagged [betting]
Questions about the role(s) of betting in sports.
45
questions
1
vote
0
answers
50
views
Did bookies take bets in Pro-Wrestling before 'kayfabe' was common knowledge?
I was curious whether bookies actually accepted bets in Professional Wrestling, given that it is now common knowledge that results are
And it seems they do! Despite the worked nature, only very few ...
- 235
0
votes
1
answer
127
views
How do you compare NFL betting lines?
I am trying to compare betting lines on NFL across different sportsbooks to find the optimal one to bet. Here is an example:
Sportsbook 1 offers: team A spread: -6 odds:-116
Sportsbook 2 offers: team ...
- 1
1
vote
1
answer
183
views
Struggling with arbitrage %
Losing my mind over this basic sum of percentages that I am using to calculate arbitrage bets: there are 3 odds of the same match (1.91 + 16.50 + 10.50), their % sum is ~68,2%, so the profit amounts ...
- 13
2
votes
1
answer
72
views
Are more sports being watched due to more states legalizing sports betting and gambling?
I've read that there are many states in the US where you can now legally bet and gamble on sports. Each election term, it sounds like more states are voting on sports betting.
What impact has this had ...
Zach♦
- 150
1
vote
1
answer
254
views
How often does a betting-house's odds change for a given event 1) before and 2) during the event?
I understand that this is VERY dependent on the specific sporting event, but I was hoping to find some representative averages and ranges ... beyond somewhere between a few times-per-day before the ...
0
votes
1
answer
257
views
How to calculate lay bets
I’ve started making some software that determines the probability of something happening and then using betting exchanges to place BACK bets.
I do understand the concept of lay bets however what I don’...
- 1
3
votes
1
answer
127
views
How does Smarkets matched betting actually work?
I have been wondering how betting exchanges like Smarkets actually work. If I back or lay a particular outcome, I have to wait until one other individual matches it by doing the opposite. For example, ...
- 31
2
votes
0
answers
56
views
Understanding wager when receiving bonus
I got a bonus from the betting website I use. What does the following mean?
To withdraw your bonus, you are required to wager 18 euros with cumulative odds of 1.5 or greater
I have a total of 600 ...
- 129
2
votes
0
answers
43
views
How soon do bookies make betting odds available and why at that time?
In a league where all games are known when the league starts, how soon before the game starts do bookies provide pre-match odds? I have noticed that odds for all games in a league, like the English ...
- 121
2
votes
2
answers
176
views
What happens to American odds when the point spread gets further from zero?
I am learning about American odds (moneyline odds) and point spreads. In Chapter 2 of Sports Betting for Dummies, I see:
When the point spread on a game gets further from zero, the two moneyline bets ...
- 121
4
votes
1
answer
8k
views
Why do some bookmakers have minimum odds requirements on free bet promotions?
I have noticed that some bookmakers will offer free bets but have a condition that in order for the winnings to be withdrawn they must be placed on bets with at least 1/5 odds for example.
If I have a ...
- 143
0
votes
2
answers
265
views
Betting value, with our without bookmaker margin
I am trying to find the value of a bet, with my percentage, that some team will win to see if i think there is value in some bet.
My question is, should i include the bookmakers margin, when i ...
- 3
3
votes
2
answers
124
views
Placing a bet by the athlete himself [closed]
Can a player place a bet on himself for winning a sports event? For example a tennis player places a bet on himself for winning a match or a Grand Slam tournament? Obviously he can't place bet on ...
- 237
3
votes
1
answer
1k
views
What type of mathematics do you use in sports betting?
I'm new to betting and want to know what type of mathematics are used in sports betting. I found something with Google about systems for betting but it didn't help me a lot.
I also tried to find ...
- 39
1
vote
0
answers
208
views
The mathematics behind Over/Under Pricing with Integer Goals
I'm trying to understand whole number goals in Over Under betting.
They are described as follows:
https://betdaqhelp.custhelp.com/app/answers/detail/a_id/157/~/what-are-under%2Fover-markets
I am ...
- 111
-2
votes
1
answer
113
views
Why can't I find any point-spread information about the World Cup of rugby?
All I can find is various predictions about the winners of games. Doesn't the margin of victory mean anything in this sport?
0
votes
1
answer
97
views
In the NFL, how have teams fared against odds from Las Vegas?
Is a home team more or less likely to beat the spread than an away team? Do favored teams or underdogs win against the spread more often? Please include statistics/studies instead of just guessing.
...
user16493
2
votes
3
answers
2k
views
Relationship between Winning Margin and Point Spread in NBA Betting
For an NBA game, I see a market for Spread and one for Winning Margin. The Spread market lists "Team A -5.5: 10/11". The Winning Margin markets lists "Team A, 6 points or more: 3/4". Shouldn't the ...
- 23
2
votes
1
answer
763
views
Who is the "winner" of each leg of a two-legged football match, or a match that goes to penalties?
Match #1
Europa League, quarter-finals, 2nd leg: After 90 minutes Besiktas was up 2-1 against Lyon. Because of the aggregate score of 3-3 (Lyon won 2-1 in the 1st leg) they had to play extra time and ...
- 121
1
vote
1
answer
1k
views
shortest odds in a top-class horse race
In his final non-walkover race, the 150 Guineas at Newmarket in 1770, the undefeated Eclipse was offered odds of 1/70. These odds seem remarkable. Are there prominent examples of shorter odds in top-...
- 111
1
vote
0
answers
981
views
How is the Odds Shark "Predicted Score" calculated?
I was looking for some statistics for research reasons on past game history and stumbled upon "Predicted Score". Then, I decided to try to figure out how this statistic is being calculated and could ...
- 111
3
votes
1
answer
237
views
Do sportsbooks structure "lossless" bets?
Brand new to sportsbetting here, and am trying to understand something. Does the oddsmaker/betmaker ever stand to lose money, or do they structure their offered bets in such a way that they always ...
- 193
6
votes
0
answers
190
views
Oddsmakers, Betmakers and Sportsbooks: Who does what?
Brand new to sports betting here, and am wondering if there is a technical difference between:
The oddsmaker; and
The betmaker; and
The sportsbook
These terms seem interchangeable on some sites/...
- 193
1
vote
0
answers
784
views
How are half-winning or half-losing or refund states treated in a multibet form?
How is the prize calculated when there are half-winning or half-losing or refund states in a multibet form?
Does it matter if more than one bet is a half-winner or a half-loser, or a combination of ...
- 21
3
votes
2
answers
4k
views
How do bookies calculate parimutuel place odds (in horse racing) shown before a race starts?
For horse racing, betting sites show win and place odds for parimutuel pools before a race starts. In my understanding, calculating place odds requires knowing which runners place, as explained here: ...
- 31
4
votes
1
answer
2k
views
Asian handicap bets combination
What happens if I bet on 5 games over 1.0/1.5 goals and 3 of them ended over 1.5, but the rest two only with one goal?
How is the outcome calculated?
- 141
3
votes
1
answer
416
views
betting - do favorites get undervalued quotes?
I came across an example of a job interview question related to betting and want to ask the opinion of experts as my betting knowledge is very basic.
Here is the question:
"Do you think favorites ...
- 153
9
votes
3
answers
8k
views
Why is betting on yourself in a sporting event considered unethical?
I understand all the problems that a sports player betting against themselves can cause, but what is the harm caused by betting for oneself or one's team to win (note I am not saying win by X points, ...
- 191
2
votes
1
answer
3k
views
What does "dividend" mean in the context of betting?
For example:
Tote - The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses....
5
votes
2
answers
417
views
Is betting on oneself to win or lose legal?
Is it legal for a player to bet on himself or on his team to win? to lose?
For example, could a player from Chelsea FC bet that his team will win the Champions League next year? Or could Cristiano ...
- 337
3
votes
1
answer
2k
views
How to calculate the far and near price of betfair?
The documentation on Betfair for calculating near and far prices is quite brief. Could anyone here provide me with a worked example of how to calculate the far and near price for this data from ...
- 285
5
votes
3
answers
12k
views
Was Pete Rose busted for betting against his own team?
I understand the reason for the MLB's ban on betting against one's own team, but I don't understand why it is forbidden to bet for one's own team.
Which did Pete Rose get busted for, and why is it ...
- 517
3
votes
3
answers
2k
views
Combining Bets in sports
I am trying to come up with the most lopsided bet I could possibly do for the upcoming Barcelona vs Juventus final. I have a question about whether or not combining bets is possible.
For this example,...
- 337
4
votes
1
answer
478
views
NFL betting odds during game
I have a couple of basic questions about NFL betting.
Are betting odds set in stone before the game begins, or do they evolve with the progression of the game?
What are "closing odds?" ...
- 193
8
votes
1
answer
4k
views
How do bookmakers get the lines so close on sports betting?
How is it that a bookmaker can offer a basketball game with say a +10.5 handicap on Team A, and the game finishes 110-100 or 101-90?
The same thing seems to happen with the point total, they'll set ...
- 1,456
5
votes
1
answer
899
views
Sports odds explanation for NFL
I'm looking at sports odds at for the first time and am a little confused.
I understands that if ATS (against the spread) is negative, then the home team is predicted to win. Also, SP (spread) ...
- 153
2
votes
2
answers
538
views
Betting on even quotas
Assume that you want to bet for football game and the odds are as following:
Victory Team 1: 2.30
No Winner: 3.00
Victory Team 2: 2.30
Is it correct, that in this case, the bookie considers both ...
- 121
3
votes
1
answer
173
views
Before the season began, what odds did Vegas give the Orioles of winning the AL East in 2014?
Looking at various websites' pre-season predictions for the major league baseball teams, many at places like ESPN and MLB.com had the Red Sox and Rangers doing very well and the Orioles typically out ...
- 509
3
votes
1
answer
11k
views
What's the point of a half-point line?
In football betting, a "line" is provided by which the favorite team needs to win, in order for bettors to win that game.
Sometimes the line is x.5 points. If it's impossible to gain half-points in ...
- 739
10
votes
3
answers
3k
views
How do NFL teams do in their last game if they have already clinched a playoff spot?
Do they tend to rest their good players so they don't have as many injuries going into the playoffs? Basically, I'm wondering if I should bet against teams with playoff locks if the matchup is close......
- 201
3
votes
0
answers
225
views
Good resources for soccer statistics, news, etc? [closed]
I recently got $200 on a sports betting website as a gift from a friend, they have different sports but I am most interested in soccer. I have 0 experience in betting, and I also don't know much about ...
- 31
8
votes
2
answers
19k
views
Why do odds offered by the bookmakers tend to change rapidly during the last few minutes before the start of the game?
On several occasions, when checking odds offered by bookmakers, I have noticed that they have been changing rapidly as the time of the event get closer. (This was particularly noticeable during the ...
- 5,811
4
votes
1
answer
2k
views
How is potential profit from an arbitrage bet (a.k.a. surebet) calculated?
Arbitrage bet or surebet means betting on all possible outcomes in which you make profit independently on the result of the event.
How exactly can I calculate whether given odds form an arbitrage and ...
- 5,811
6
votes
1
answer
16k
views
Win-Place-Show in Horse Racing
Horse racing (such as the Kentucky Derby) results usually contains the terms Win, Place, and Show, with the horse associated with each term.
What is win, place, and show, and what significance does ...
user527
6
votes
3
answers
4k
views
Is sport betting legal in Europe or America?
I tried to google, but could not get a clear picture. It is illegal in India to Bet on sports like cricket and football.
Is it true that betting is not prohibited in USA or the European countries? I ...
- 319