Betfair’s starting prices are more precise, so fewer horses start at exactly 2 – the exchange equivalent of evens – but in 2018 the strike-rate was precisely 50%, and over the five seasons from 2014 it is 51.4%. Bookies’ odds are close. Betfair’s, in the most liquid markets at least, are spot-on.Sep 1, 2019
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager. A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet.
One sure way to beat bookies is to take the longest odds you can get. No one bookmaker is any more generous on odds than any other, but it's rare to see every bookmaker have the same prices for a specific outcome. Check them all before betting, and always go with the longest odds.Aug 23, 2021
Betfair offer Better Odds on average than the three Australian TABs because you are betting against other punters who disagree with your opinion and you back the best price available at the time. The betting exchange gives you the option to find the best price for your selection every time you place a bet.
This study found that gambling markets for both point spread betting and totals betting for NBA seasons spanning from 2000–01 to 2007–08 are efficient. Based on the results of over 10,000 games in eight consecutive NBA seasons, betting the over on the total points per game is a fair bet.Jan 4, 2012
Bookmakers' odds give an estimate of the probability of, say, a horse winning a particular race. And if they were reliable, around 50 per cent of horses with even odds would win their races, around 33 per cent of those with odds of 2-1, and so on, right down to just 1 per cent of 'long shots' with odds of 100-1.
Betfair's starting prices are more precise, so fewer horses start at exactly 2 – the exchange equivalent of evens – but in 2018 the strike-rate was precisely 50%, and over the five seasons from 2014 it is 51.4%. Bookies' odds are close. Betfair's, in the most liquid markets at least, are spot-on.Sep 1, 2019
It should be noted that sports betting can actually be a relatively cheap form of entertainment. Although losing money is the most likely outcome, you don't have to lose A LOT of money. You can keep the stakes as low as you want, and there's every chance that you'll win at least a few of your wagers.