Arbing or arbitrage as it is known in its longer form, has played a key role over the years within the betting industry. Arbitrage is simply backing different outcomes, guaranteeing yourself a profit, regardless of the outcome of the event. This is not trading. The bets placed when arbing have to be placed as concurrently as … Continue reading 143. Arbing
Another week, another tale of a large bet landed in the US. This one had a beautiful narrative about it. A twenty something teacher placed a bet of $90,818.19 on Morocco advancing to the quarter finals of the World Cup with Fan Duel to win a straight million dollars. There are some fascinating details to … Continue reading 141. Bookie PR
Whilst watching the Pakistan vs England Test Match I was continually struck by how utterly pointless so many of the statistics used In Test Cricket these days are. Whilst factually correct they hold so little relevance to what we are seeing before our eyes. The one that stuck out more than others, was that if … Continue reading 140. Historical Data (1)
The World Cup is always a great reminder that you get paid exactly the same winnings for backing a winner in the World Cup as you do for backing a winner in a National League match. People become obsessed by the biggest markets and that’s understandable given the wall to wall coverage that those markets … Continue reading 139. All winnings equal
I have talked before, at length, about Responsible Gambling (Tweet 60). It is an incredibly polarising subject. You get the whole spectrum from those who have experienced significant issues with it, to those who think it’s a nonsense and harming the gambling industry. I think its important to look at this issue as two separate … Continue reading 138. Responsible Gambling (2)
The story I have heard a few times recently just about sums up the current state of the betting industry. I have heard it from a few different people now. It relates to placing accas on horse racing in the shape of Lucky 15s. Lucky 31s or Lucky 63s. Lucky 15’s are a combination of … Continue reading 137. Accas (2)
World Cup time. Time for one of my favourite subjects. Media outlets and other very clever computer scientists generating their predictions for a teams chances of achieving World Cup glory. I was sent this one by someone who knew I would be interested in it. It is from a company called Decision Technology and I … Continue reading 136. World Cup
This tweet will no doubt ruffle a few feathers but it needs to be said. The bar to being an ‘expert’ in the betting/gambling industry is so ridiculously low it is untrue. A good starting point with all these things is to look at the dictionary definition of ‘expert’. A person with a high level of knowledge or skill relating … Continue reading 135. Experts
I think one thing that has stood out in recent times is the failure of companies/products that have been endorsed by higher profile companies/sports teams/organisations/individuals. Seemingly with very little recourse. People have to understand the responsibility they are undertaking particularly when endorsing financial products. It has really come to a head this week with the collapse … Continue reading 134. Endorsements
This is different to Tweet 58 where we looked at the importance of understanding Bookmaker Limits. This concerns the complete lack of clarity for a customer coming to a betting site and what stakes they will be able to place on any selection/market. I find it absolutely bewildering that it isn’t a basic requirement from … Continue reading 133. Bet Maximums
ProPunting 