Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [betting]

Questions about the role(s) of betting in sports.

1
vote
1answer
57 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 ...
2
votes
1answer
68 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 ...
1
vote
1answer
84 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-...
0
votes
0answers
40 views

ATS in basketball betting

I've recently started looking into basketball betting and I keep coming up terms like ATS and spread, I know about handicap betting in football but I tried reading it a couple of times and it still ...
1
vote
0answers
115 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 ...
3
votes
1answer
116 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 ...
3
votes
0answers
36 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/...
1
vote
0answers
66 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 ...
2
votes
2answers
516 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: ...
3
votes
1answer
502 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?
4
votes
1answer
231 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 ...
6
votes
2answers
2k 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, ...
2
votes
1answer
910 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
2answers
158 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 ...
3
votes
1answer
843 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 ...
5
votes
3answers
5k 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 ...
3
votes
3answers
1k 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,...
4
votes
1answer
251 views

NFL betting odds during game?

I have a couple basic questions about NFL betting. 1) Are betting odds set in stone before the game begins, or do they evolve with the progression of the game? 2) What are "closing odds?" Are ...
8
votes
1answer
2k 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 ...
5
votes
1answer
698 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) ...
2
votes
2answers
199 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 ...
3
votes
1answer
141 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 ...
3
votes
1answer
2k 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 ...
10
votes
3answers
437 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......
2
votes
0answers
171 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 ...
7
votes
2answers
14k 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 ...
4
votes
1answer
1k 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
votes
1answer
12k 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 ...
6
votes
2answers
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 ...