Please come and make a bet on the game listed above.  Whether you have any sports betting experience...
Sponsored Links
This presentation is the property of its rightful owner.
1 / 74

The Probabilities of Basic Sports Wagering PowerPoint PPT Presentation


  • 77 Views
  • Uploaded on
  • Presentation posted in: General

Please come and make a bet on the game listed above. Whether you have any sports betting experience or not, just try to make one bet. It’s all for fun, so give it a shot!. The Probabilities of Basic Sports Wagering. Ronald W. Yates Patrick L. Villa College of Southern Nevada.

Download Presentation

The Probabilities of Basic Sports Wagering

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Please come and make a bet on the game listed above. Whether you have any sports betting experience or not, just try to make one bet. It’s all for fun, so give it a shot!


The Probabilities of Basic Sports Wagering

Ronald W. Yates

Patrick L. Villa

College of Southern Nevada


52.380952381 %

What is a

Square?


Scoreboard Update


Scoreboard Update


Scoreboard Update


Money Line Bets


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Boxing


Scoreboard Update


Parlay Bets


Scoreboard Update


Expected Values of Parlay Bets

With n bets in a parlay, the probability of winning is (1/2)n, and the table is based upon a standard $10 wager.


Scoreboard Update


Scoreboard Update


Payouts for Money Line Parlays (Lines are something other than -110)

The money line of each proposition is substituted into

[(win amount/ bet amount) + 1], and the resulting

terms are then multiplied together.

Example: a 3-team parlay of the following propositions.


Scoreboard Update


Parlay Cards


The Language of Sports Betting


Scoreboard Update


Post Time

Expected Value of a Straight Bet:

(1/2)(+$10) + (1/2)(-$11) = - $0.50

In order to break even, must win 11 out of every 21 bets

(11/21)(+$10) + (10/21)(-$11) = $ 0

Winning 11 out of every 21 bets = 52.38… %

Makes winning sound easy… doesn’t it?


Experimental Probability15 Picks per week over the course of 7 Seasons


Experimental Probability15 Picks per week over the course of 7 Seasons


Round Robin Parlays

Let's say you have 4 bets that you like, call them A, B, C, and D, and you want to bet every possible parlay with these 4 bets.

Using combinations, we can find that this includes a total of 11 bets:


Betting Parlays

Let's say you do extremely well, and pick the winner in 4 out of 7 games (which is a 57% success rate).

We will call the bets A, B, C, D, 1, 2, and 3, with the letters being winners and the numbers being losers.

Using a $10 wager:


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


Scoreboard Update


  • Login