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2. Kelly criterion - Wikipedia

   en.wikipedia.org/wiki/Kelly_criterion

   Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.

3. Gambling mathematics - Wikipedia

   en.wikipedia.org/wiki/Gambling_mathematics

   The volatility index (VI) is defined as the standard deviation for one round, betting one unit. Therefore, the VI for the even-money American Roulette bet is / /. The variance is defined as the square of the VI. Therefore, the variance of the even-money American Roulette bet is ca. 0.9972, which is low for a casino game.

4. Martingale (betting system) - Wikipedia

   en.wikipedia.org/wiki/Martingale_(betting_system)

   Martingale (betting system) A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss ...

5. Sports betting - Wikipedia

   en.wikipedia.org/wiki/Sports_betting

   Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and ...

6. Parimutuel betting - Wikipedia

   en.wikipedia.org/wiki/Parimutuel_betting

   Parimutuel betting. Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which ...

7. Fixed-odds betting - Wikipedia

   en.wikipedia.org/wiki/Fixed-odds_betting

   Fixed-odds betting. Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring.

8. Glossary of bets offered by UK bookmakers - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_bets_offered...

   This is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom.The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punters use these traditional combination bets for football selections as well.

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   www.aol.com

   AOL latest headlines, entertainment, sports, articles for business, health and world news.