opens such a column is that there are more and more players around you.
There is no doubt that after a period of training, odds will become an important part of their betting life.
So do they really understand the odds?
I have seen too many odds reviewers, they are eloquent and very polite.
I have also seen examples of randomly citing odds in online articles, which makes people laugh.
In order to attract readers' attention and make them feel awe of the odds, I asked a few questions in the beginning of the article. If you feel that it hits the doubts in your heart, then stay and read them slowly.
Let us open the history of Serie A - the 2004-05 season, in a chaotic season, we cannot even check the correct ranking. So the question is, why should insist on opening the market when facing a strange odds like the picture below, and the bookmakers must lose?
Guess, will Spinach Company eventually make a profit or lose money in this game? Is it really a must-have situation? Is this method of opening the Asian plate dedicated to lottery players? 0.90 transfer draw/half-ball 0.95
Finally, it is also my most concerned issue - did the bookmaker lose or make a profit?
Before analyzing these problems, we have to continue the cliché of similar articles - what are the odds? What is the reason for this issue that
that I have to talk about? I like to read online articles recently, and many protagonists in online articles are underestimated; when fighting against the so-called strong man, some people offer odds.
For the time being, the protagonist is named S and the strong man is named B. The usual odds author will pay 50 for S-1 and 2 for B-1. I was very panicked when facing such odds because it was really SB.
What does this equivalent to? We bet on two options: 2 yuan and 50 yuan respectively, and we will get a stable return of 48 yuan, and the return rate is as high as 192%. (The following return rate refers to the ratio of the prize money returned to lottery players)
returns to the sports lottery we care about. Football matches usually offer odds of three results, just like the Livorno in the picture above - Juventus , from left to right, the main win, the main draw, and the main loss. The return rate formula searched on the Internet is
D = A*B*C / (A*B+B*C+A*C)
I don’t want to explore the above formula, and I usually talk about it briefly if it is easy to understand.
first set a refund amount, for example, I bet on all three items, and I look forward to recovering 100 yuan.
Then the main win requires an investment of about 18.2 yuan, the draw requires an investment of about 52.63 yuan, and the main negative requires an investment of about 40 yuan. We will definitely receive 100 yuan after paying about 110.81 yuan. So how much money can be recovered for each dollar? (In order to take care of a certain online writer, if you explain this, 110.81÷110.81=1, 100÷110.81 is about 0.9024) The approximate return rate is about 90.24%
Similarly, we can calculate the return rate of odds items such as big balls and shaking.
Then the 100% return rate of the above odds is about 6.10 2.10 2.77
. In this way, we allocate bets according to the ratio of 16.41%, 47.50%, and 36.10%, which can basically maintain balance of income and expenditure (under the 100% return rate). The above ratio is also the probability of each option in the competition, that is, the probability of occurrence. The problem of
has been clarified. So if the results are known, how many bets can the bookmaker accommodate at a 1.90-game penalty? The answer is 52.63% mentioned above.
Go back to the previous question - why do bookmakers insist on opening the market.
① The relegation situation of Serie A at that time was complicated
② The low odds draw at that time all scored
③ All bookmakers shifted the bettor's attention to the game of Regina VS Lecce .
This shows on the other hand that bookmakers do not necessarily care about the winner or lose in a game, but pay more attention to the big data of multiple games.
In the next issue, we will continue to deepen our understanding of odds, strive to find a glimmer of vitality in complex odds, follow the footsteps of gambling companies, and make profits.
