Wisdom Of Crowds Theory & The Betting Exchange
The Wisdom of Crowds is the theory, written by James Surowiecki, about the aggregation of information in groups. His theory states that a larger group of diverse people can make …
How Do Bookmakers Earn? How Big Is Their Edge?
Bookmakers accept bets on all outcomes of an event in order to generate a profit regardless of which outcome prevails. If the odds offered by the Bookmaker are “fair” then …
The Accuracy & Significance Of SP Odds
SP is an abbreviation for ‘Starting Price’ and until now has been widely associated with traditional bookmaking. You may want to bet at SP when there are no early fixed …
Precisely How Valuable Are Free Bets?
Bookmakers earn from their ‘edge‘, known as the “overround”. But you’ve no doubt seen free bets advertised on internet banners, on TV, even heard about them on the radio. They aren’t quite …
Q&A: Gambling Problems & Addiction
According to the NHS there may be as many as 593,000 problem gamblers in the UK. Sufferers of gambling addiction find it extremely hard to control their urge to gamble, …
Problem Gambling — The Different Extremes (Real Life Cases)
Whilst I have never suffered from a gambling problem or addiction myself, I have known several people to go through — or show signs of — a gambling problem of some degree. …
What’s The Best Bookmaker? How Do You Choose The Right One?
You know what? There isn’t seemingly a great deal that separates the top Bookmakers from one another. They all offer very similar, synchronised prices, and tend to keep pace with …
Why Use Bookmakers Instead Of The Betting Exchange?
Exchanges revolutionised betting by allowing punters to request the odds they want, and enabling them to to “become” the bookmaker i.e. the ability to Lay an outcome. In recent years …