How difficult is it to beat the sports betting markets? How efficient are the odds?
This video explains variance in sports betting and trading. Understanding variance is key for any bettor with a goal of becoming a professional sports bettor and doing sports betting for a living. It is hosted by Marius from Trademate Sports.
As a benchmark for what is required to do extremely well in sports betting, we have added Jonas’ results for his $10k to a $1 million run below.
An important element is your starting point. Just like with more traditional forms of investing such as stocks or real estate, if one already has the money it becomes easier to accumulate more of it.
This is the first out of a three-part article series, which purpose is to investigate how one can make money from sports betting and the requirements of making a living from it.
I always want to max out a deposit bonus. Deposit bonuses vary from anywhere between $100-$300. Before depositing at a bookie with a $300 bonus, I’d wait until I’m able to max out that bonus.
Bet sizing plays an extremely important role in any profitable betting strategy, and in this article, we’re going to try to give some insight into exactly how important it is.
Overall, Trademate customers have made a net profit of €4,2M from the 1st of January 2016 - September 2019. The majority of customers using Trademate are profitable and as covered in this article, the more trades people place, the more profitable they are.
If you are thinking that betting on coin flips and sports are not the same thing, you are right. As opposed to the coin flip, the problem with sports is that you do not know the probability of a win, draw or defeat. So how do we determine it?
In probability theory, the expected value of a random variable, intuitively, is the long-run average value of repetitions of the experiment it represents. E.g. the expected value of gett
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