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Probability in sports 789bet login betting

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April 20, 2022 0 Comment

Welcome to my section on probabilities in sports betting. This and racetrack betting are unique sections at the Wizard of Odds because it can not be purely analyzed with mathematics. In other words you can never know exactly what the house edge is for a certain bet because of the human factor involved in sports. However we can look at past bets available and their eventual outcome to make some pretty accurate observations. We can also assume that the bookmaker’s actions are motivated by the desire to balance the action on both sides of a bet so that he wins regardless of the outcome. In other words we can assume that on average both sides of a bet are about equal. The organization of this section will be to address various bets available and analyze their return.

Straight Bets

Straight bets are the most popular and in my opinion the best kind of bet of all sports bets. This is a simple bet on the outcome of a game, relative to a point spread. The point spread is created to add some fictional points to the underdog team. For example suppose the Baltimore Ravens are playing the New Orleans Saints …

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