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Sunday, August 20, 2017

Is Counterstrike Betting Profitable?

Is CS:GO betting Profitable? CS:GO betting or more commonly known as skin betting is gaining popularity these days. With so many betting websites. Some sites are new, and not all betting websites are safe. There are major gray areas when it comes to betting (just take a look at all the Skin betting scandals. First of…

Tuesday, August 8, 2017
longshot bias

The favourite-longshot bias: Why you shouldn’t discount the favourites

The favorite-longshot bias: Why you shouldn’t discount the favorites The favorite and longshot bias is the phenomena where bettors tend to overvalue ‘longshots’ and undervalue favorites. Here, bettors are believed to express risk-seeking value towards long-shots, whilst expressing risk aversion towards the favorites, and that the nonlinear probability weights that they apply in formulating these…

Tuesday, July 25, 2017
arbitrage

What is Arbitrage Betting: The Basics

What is Arbitrage Betting: The Basics   Arbitrage bets are also known as sure bets, and miracle beats, are the grandest of all bets as it allows you to make a profit regardless of the event outcomes. More specifically, arbitrage betting is where you make a guaranteed profit through simultaneously placing bets on all the…

Friday, July 7, 2017

Being on tilt: Gambler’s ruin and Gambler’s fallacy

Being on tilt: Gambler’s ruin and Gambler’s fallacy Gambler’s ruin. Even if you are not familiar with the term ‘tilt’, most bettors would have experienced it at some time or another. The phrase ‘being on tilt’ is most often used in poker, but can also be applied to many other situations. In betting, it means…