Probability Topics

Anatomy of a soccer (football) match

First I shall apoligise for using soccer & football throughout this document together. But as this is the internet it will be read around the world and despite the fact the English invented Football it is now referred to as soccer so I will use both for the benefits of readers around the world.

Read more...

The efficiency of the betting exchange markets

Modern economic theory determines that where there is a free market in which goods and services are freely tradable the market will generally determine a market price that is "efficient".

Read more...

How to win the lottery!

How can you improve your chances of winning the lottery? Simple, Buy more tickets. I would love to highlight to you a fantastic new system that would change or enhance you ability to win the lottery.

Read more...

"Laying over-round, Backing under-round or Dutching"

What is a bookie? Many people ask this question and it was indeed one of the first "puzzles" I solved when looking at betting exchanges. Curiously I found no explanations anywhere on the internet or in bookshops. So here is an explanation....

Read more...

How much should I stake - Kelly's strategy

The answer to this question has quite surprisingly been around for ages though it is discussed, analysed and refined often. Named after its author, John L Kelly Jr, if was first published in 1956.

Read more...

Winning and losing runs

Are you a rotten gambler or just plain unlucky? You seem to have hit on a winning system when woe and behold you are struck down by a really bad losing run and with it your confidence. So, were you just unlucky?

Read more...

Fair or unfair games - "Expectation"

One of the most valuable uses to which a gambler can put his knowledge of probabilities is to decide whether a game or proposition is fair, or equitable. To do this a gambler must calculate his 'expectation'.

Read more...

Equipartition

Some gamblers might he tempted to base staking plans on the theory that in any series of even-money events there must come a time sooner or later when the outcomes reach equipartition.

Read more...

Understanding Combinations and Permutations

In 1665, three years after his death, Pascal's famous arithmetical triangle was published. Pascal's Triangle is a well known mathematical pattern.

Read more...

Monkeys typing Shakespeare or even just the word "Hamlet"

It is frequently stated in books and articles on probability that if a succession of monkeys were set before a typewriter with limitless paper, eventually the complete works of Shakespeare would be repeated by chance.

Read more...

The law of large numbers / "The law of averages"

The theory of probability becomes of enhanced value to gamblers when it is used with the law of large numbers. The law of large numbers states that:

Read more...

More Articles...

Page 1 of 2

Start
Prev
1
JoomlaWatch 1.2.12 - Joomla Monitor and Live Stats by Matej Koval