Odds vs Betting

miguel_carvalho — Sat, 07 Feb 2009 02:33:07 +0000

In my opinion, any self-respecting gambler must have good knowledge of Odds and Statistics. Since I have some knowledge in the area will try to make a presentation of the subject even in very simple terms.

I am not saying that a good gambler has to master perfectly the theoretical probability and understand all the probabilistic concepts. What usually happens is that despite not knowing all the theoretical concepts, a good punter through practice and their intelligence eventually learn and assess the probabilities of the events in question.

I, despite having a solid foundation in the Probability and Statistics area , consider myself an average punter, Why? Because above all, take bets to the play world and I end up not being sufficiently rigorous in(...)
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Odds vs Betting