betty's Blog.
A blog about football, sports betting and mathematics.
The team settings are the most influential part of betty. So evceryone who wants to make maximum use of the software ought to learn or know very well what he is doing iin this section and why he does it. As soon as you do know, it is like in paradise. You can do what you would most wish to do: introduce your own expertise. A bit more of the ´how-to´ inside...
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What is wrong with flat staking?
After you studied the chapter ´what is flat staking´ carefully and you really liked it and right away started to do this, record your bets with this additional and really helpful statistic, you are being told actually there is something wrong with it?! How could this be the case? Well, there is an even better method which is explained here...
What is flat staking?
Everyone who is serious about betting and really considering it a game of skill and not one of pure luck should record his bets. We talked about that. One certain statistics to always keep track of should be the results of your bets apart from the system to just count your money. Flat staking is one of them. How good is it? Come in -- find out...
Why Wettopa doesn´t bet any more
It is the most popular question that I have to answer. Everything else you find inside this story...
How I got into betting
How did you get into betting? Well, do you have a story to tell? How are your memories on that? Many people that do it today had most likely a good start and a nice first experience to tell. How the Wettopa got there? Maybe a different approach right from the start? You can find out here...
The maths behind combination bets — or parlays
People often ask about parlay betting. Now here you find some considerations about it.
Why the Poisson distribution does not apply to football
Many people all over the place use the poisson distribution. They seem to be pretty proud of it, as they have an apparently mathematically approved function. But does it apply to football? Well, here you will find more on this subject. So much told by the title already: Poisson is NOT applicable. Nothing wrong with it, though, mathematically speaking. Read more...
How to beat the betting market
This one is going to be a simple mathematical introduction. The deeper parts of it you find elsewhere in this blog. But we will refer to this and that here and there. So try to build up your knowledge and understanding. It will definitely pay in the long run.
Is sports betting still profitable?
There are a couple of aspects to consider on this subject. One of them being: are there still mistakes you can find and exploit? The answer to this question would be: there very certainly are..
How it all began
How it all began … what are „odds“? People usually prefer to bet on what they think is going to happen. This is the most obvious thing to do. But as it sadly turns out: this is not the way to win money.
Bet recording
Record your bets! Anyone that is serious about trying to make money in the long run with sports betting is obliged to do this: bet recording. As soon as you start with betting you should in fact record your bets.
Why sportsbooks make money
Why do the betting companies still make loads of money if the do not know the probabilities themselves, as you said? It is neither of the two extremes that people think they might be.
Why people bet on sports
Why people bet on sports? Well, it is in fact quite an interesting question. And maybe people usually do not think about it that much. When thinking about it you might actually find some funny reasons for that.
Introduction to sports betting
Sports betting is a science. It's not about gambling; it's about consistently being just a little sharper at calculating the odds than the sportsbooks. You can't win every bet, but having even a small advantage is guaranteed to produce winnings long-term.