A quick look at how bookies win with every bet.
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Sources:
http://ubplj.org/index.php/jpm/article/view/987/968
https://www.investopedia.com/articles/dictionary/042215/understand-math-behind-betting-odds-gambling.asp
http://www.goal.com/en/news/3049/ask-the-bookie/2010/04/24/1892417/ask-the-bookie-how-are-betting-odds-created
https://www.pinnacle.com/en/betting-resources/betting-tools/margin-calculator#height
https://www.pinnacle.com/en/betting-articles/Betting-Strategy/Calculate-margins-on-1X2-odds/BHHJ5TXM8PFDHSYX#height
https://stats.stackexchange.com/questions/29828/how-do-betting-houses-determine-betting-odds-for-sports
https://sports.bodog.eu/content/math
https://www.oddsshark.com/sports-betting/who-sets-line
Music:
Background: “Present Day” by E’s Jammy Jams
Outro: “Nighttime Stroll” by E’s Jammy Jams
#Bookmaker #Betting #Cheating #Gambling
What a great video ! Thank you. It deserves much more views. You explained things very clearly and with humor 😂
0:05 Four rooms reference!
Thanks
Watch out folks 😂 fix those books
The bookies basically do arbitrage betting to their clients…but hate when their clients arbitrage bet
Bookmakers are f scum bags they steal your money and treat you like a bitch
No we don't, don't speak for everyone.. You don't get something for nothing!! Don't you know that!? Only positive about casinos is that it provides jobs on the flip side at the cost of brainwashed idiots who give their money away looking to get rich quick without putting in the work.. It's all rigged dummies!!
Coinflips of double/nothing when played until someone is broke will, usually, drain the person with less money
I've always thought of gambling as a deal you make with a bookie or casino: You give them €10 five times, then they give you a €40 lump sum and you walk away feeling pleased with yourself…
I always wondered if one could estimate odds based on how many people are betting for that side. Say, if there's 200$ on side A and 100$ on side B, A is twice as likely to win. Thus it's 66% A wins and 34% B wins. If we run the numbers, A would multiply by 1.5 while B by 3. if we twick those numbers to be, say, 1.45 and 2.95, we'd make a profit always.
The biggest downside to this is that you know the multiplayer AFTER you bet, which is kinda shady. But I think if you are open about it, and open about saying that the stuff you take from the multiplayer is the entrance fee, it could work.
Now I wanna study this seriously through game theory analysis
Fun fact 0:04, is a reference to a short story 'Man from the South' a short story by roald dahl. It's a very good, you should read it.
0:30 Binf
A simple explanation – a lot of stuff is rigged. I'll never understand how everyone's jaw is on the floor when 50/1 donkeys win on a daily basis. Makes everyone money bar punters
Lmfao I just got an ad for a gambling app at the end of this video
I understand nothing. How do you get it to 1.8?
What's with the cornflakes
Folks in this comment section don't know what a commission is, it is only a commission if it agreed upon before the bet what this guy is talking about is not that if you listen.
You are on to it!! Shhhh now
Ya udah aku nembe nyekel di dunia ini dah lama ga posting lama ga om orang yang tidak bisa di wa om new Palapa
alternate title: capitalism in a nutshell