Fixed Odds Sports Betting: The Essential Guide

Fixed Odds Sports Betting examines how fixed odds punters can beat the bookmaker, protect profits, and turn high-risk gambling into a low-risk investment through various numerical techniques.

Format: Paperback / softback
Length: 224 pages
Publication date: 20 June 2019
Publisher: Oldcastle Books Ltd

Few individuals succeed in generating income through gambling, and even fewer manage to sustain a livelihood from it. Authored with both seasoned and novice sports bettors in mind, Joseph Buchdahl's Fixed Odds Sports Betting delves into various numerical techniques aimed at helping fixed odds punters overcome the bookmaker, safeguard their profits through a prudent risk management strategy, and transform high-risk gambling into a low-risk investment venture.

Fixed Odds Sports Betting explores the following key aspects:

Markets in Fixed Odds Sports Betting: This section delves into the various betting markets available in fixed odds sports betting, including sports such as football, tennis, basketball, and more. It examines the different types of bets offered, such as single bets, accumulators, and system bets, and explains how they work.

The bookmaker's overround: Understanding the bookmaker's overround is crucial for successful fixed odds betting. The overround refers to the percentage margin that the bookmaker charges on each bet, and it determines the bookmaker's profit. Value betting involves identifying bets where the odds are higher than the bookmaker's overround, allowing punters to potentially profit.

Ratings systems for sports prediction: Various rating systems and algorithms are used in sports prediction to analyze and predict the outcomes of sporting events. This section discusses the most popular rating systems, such as the Elo rating system, and explores how they can be used to make informed betting decisions.

Profitability and risk: Fixed odds betting involves both profitability and risk. This section examines the factors that affect profitability, such as the odds, the bookmaker's margin, and the staking plan. It also discusses risk management strategies, such as diversification, hedging, and money management, to minimize the risk of losing money.

Singles versus accumulators: Single bets involve placing a bet on a single event, while accumulators involve placing multiple bets on different events to increase the potential winnings. This section discusses the advantages and disadvantages of both betting strategies and provides tips on how to choose the most suitable one for your betting style.

Staking plans and money management: A staking plan is a systematic approach to betting that involves setting a fixed amount of money to be bet on each event. Money management is crucial for successful betting, as it involves managing your bankroll effectively to ensure that you do not lose more money than you can afford to lose.

The favorite-longshot bias: The favorite-longshot bias is a common phenomenon in fixed odds betting, where punters tend to favor betting on the favorite team or player, even if the odds are not in their favor. This section discusses the reasons behind this bias and provides strategies for overcoming it.

Sports advisory services: There are many sports advisory services available that offer betting advice and predictions. This section discusses the advantages and disadvantages of using these services and provides tips on how to choose a reliable and trustworthy service.

Betting records and their significance testing: Keeping accurate betting records is essential for successful betting. This section discusses the importance of recording your betting results and how to test the significance of your betting records using statistical analysis.

In conclusion, Fixed Odds Sports Betting is a comprehensive guide that provides valuable insights and techniques for successful fixed odds betting. Whether you are a seasoned sports bettor or a novice looking to learn more about the world of betting, this book is an essential resource that can help you improve your betting skills and increase your chances of profitability.

Weight: 216g
Dimension: 130 x 200 x 29 (mm)
ISBN-13: 9781843440192