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Author: Clare Louise
The sports betting market has seen dramatic changes in recent years, providing gamblers with an unparalleled variety of wagering options (as well as an abundance of tools to find the bets that offer the most value). The Kelly criterion is a method wherein a bettor evaluates the payoff odds offered by a bookmaker in relation to his or her own estimation of the likelihood of winning a bet. In the next post I will explain the Kelly Criterion in further detail. What is it that we want to accomplish here, exactly? Look for bets that provide you an edge over…