Bayes, Base Rates, and Bad Beats: Avoiding a Common Pitfall in Probability
The Base Rate Fallacy is a psychological trap that leads us to ignore general information (the base rate) in favor of specific details....
top of page
bettoreddoc
Sep 253 min read
Case Study: Spanky & Top-Down Betting
Gadoon "Spanky" Kyrollos is a well-known top-down bettor based in New Jersey who has built a reputation for using market data and a...
7 views0 comments
bettoreddoc
Sep 254 min read
Optimize Bet Sizes with the Kelly Criterion
The Kelly Criterion is a mathematical formula developed in 1956 by John L. Kelly Jr. It has since gained recognition for its use in...
3 views0 comments
bettoreddoc
Sep 255 min read
Top 5 Reason Beginners Lose (and How to Turn It Around)
Are you tired of losing money on sports bets and feeling like you're missing something? You’re not alone. Most beginners make the same...
0 views0 comments
bettoreddoc
Sep 254 min read
Beat the Books by Betting Futures
Futures betting is exactly what it sounds like—placing bets on events or outcomes that will happen in the future, usually at the end of a...
0 views0 comments
bettoreddoc
Sep 254 min read
How we do Define Value?
When you hear pros or semi-pro bettors talk about sports betting, you’ll hear expected value (EV) come up a lot. It’s for good reason,...
4 views0 comments
bottom of page