This text summarizes a analysis carried out with a view to estimate the optimum parameters for cash management methods. The analysis is predicated on a comparability between statistics of high vs. secondary European soccer leagues taking part in in 2008/09 and 2009/10 seasons 바둑이사이트.
Definitions
With a purpose to current the outcomes of the analysis, a number of definitions are required.
- “Worth wager” is the measure of inconsistency between punters’ and bookmakers’ predictions for the upcoming match final result. Every final result has a definite worth.
- A price wager refers solely to the worth of doubtless worthwhile outcomes. For instance, if the chance of a win is 50%, then solely outcomes with odds larger than 2 are thought-about a price wager. The formulation is as follows: odds x the chance of a win. If the worth is larger than 1, the wager is taken into account a “worth wager”.
- The chances of home win/draw/away win are estimated by the typical frequency of their look throughout a season.
- Kelly’s technique defines the optimum stake {that a} punter ought to place on a favourite.
- Given the worth of every final result, the revenue is calculated primarily based on the belief that the punter locations a stake based on the Kelly’s technique. If the betting stake is damaging, the punter would not play. The revenue is calculated utilizing bookmakers’ common betting odds.
- An optimum worth wager is the worth wager that brings the maximal revenue.
- Information from ten high and ten secondary leagues from the next European nations was analyzed: Austria, England, Netherlands, France, Germany, Greece, Italia, Scotland, Spain and Turkey.