Explanation of important concepts and terms in commerce and sports betting

Simply put, an overweight bet, an overweight bet, or a deal is your advantage over the bookmaker. Since bookmakers offer different odds, inefficiencies arise. For example, if the rosters are left empty and a key player is injured, the other team’s odds decline and some bookmakers lag behind the rest of the market. Trademate is a tool that can be used to define edges. In this article, you will learn more about how borders appear. We consider traditional sports betting or panting for entertainment purposes only.

Sports trading is when you are serious about making profit from betting and consider it a form of investment. This also applies to us when we describe fees as trades within Trademate. This is also why we call ourselves sporting goods retailers and not bookmakers. Another way to write probability. Odds = 1 / Probability. There are different types of probabilities, for example B. Decimal, American and fractional probabilities. Customizable border filter in Trademate.

The total amount of bets on all your trades or during a certain period of time.

Return on investment probabilities at the start of the game. In this article, you will learn more about it and why it is so important in sports retail. In probability theory, the expected value of a random variable is intuitively the long-term average of the iterations of the experiment it represents. For example. The expected value of heads on the flip of a coin is a 0.5% or 50% chance that the result will occur. With Trademate, your EV equals your% x edge of your bet in that game.

We also differentiate between your EV based on your placed edge and your EV based on your coverage edge. The last is the most important. See the paragraph on the last line. Mainly deviations from the mean / expected value. You can watch a video explaining this in detail below. What are the maximum rates in this case?

We usually talk about how much money has been wagered on a particular game, but since you cannot see the actual amount, the maximum bets give a good indication of whether the game is high or low liquidity. Markets with more liquidity are better because money input = information. In principle, the opportunities in these markets are more efficient. It also reduces the volatility of the odds, which means that larger bets are required to change the odds.

What percentage of the bets in the game the bookmaker pays to the customers

For example. If the payout rate is 98%, the bookmaker keeps 2% (margin) and pays 98% to customers. Alternatively, they keep $ 2 of $ 100 each and return $ 98 to customers. Margin = 100% – payment rate. Whig is another word for margin. So beam free = no borders. Non-refundable odds = no margin odds from the bookmaker.

ROI per trade is based on the actual rate you register for each trade you register with Trademate. Fixed ROI per trade corresponds to your average ROI per trade if you have placed a fixed amount per trade. See Flat Insert Size. To determine if we really have an advantage over the market, a fixed bet is better because it removes the effect of bet size on actual performance.

Although in practice it is better to use a proportional betting strategy, as it does not make sense to get a 2% advantage, you are betting a lot on odds of 2.0 and odds of 10.0. By placing an advantage bet, you are betting on only one game outcome. So the risk is higher, but the potential reward is also higher.. The typical arbitrage rate is usually 1%. In theory arbitrage betting is great, but in practice there are some elements that make it less attractive. For example.

The chances of winning change after you place

One of the parties on the bet or the bookmaker voids the bet (a perceived error). Both would mean Surewin no longer exists. If you lose this bet, it will take a lot of arbitrage bets to make up for the loss. Also, the number of arbitrage opportunities is less common because the odds of all game outcomes must be high.

For this reason, it is also much easier for bookmakers to identify and restrict arbitrage players than it is for overweight bettors. Advantage bets are usually between 1% and 5%. However, the highest rate recorded with Trademate was 182%. Overweight bets are much more common than arbitrage bets, as there can only be odds deviations for one game outcome. This means that you can place several hundred bets / trades per week. This, in turn, means that you can increase sales and overall growth. The downside is that there is more variability, so the ups and downs are higher.

The best way to mitigate this is to reduce the odds and bet size.

Place a bet proportional to your total budget. For example. 1% of your bankroll. At Trademate we use the so-called Kelly criteria to calculate the bet size. You can read more about it here. Or watch the video below. For example. $ 10 per bet. For example Unibet, William Hill, etc. For players. You are in position, then you are betting against the casino. Most of the soft bookmakers are European. The difference between European and Asian bookmakers and how they make money is explained in the video below. For example, SBO, IBC, and ISN.

For harsh weather conditions and merchants. You are balancing accounts, so you bet against other players. Asian bookies are passionate, but they are not the only passionate bookies. The difference between European and Asian bookmakers is explained in the video above. For example Betfair and Matchbook. It allows players to place and receive bets on each other. For example, Sportsmarket, VIP Sportsbook and Asian Connect.