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How Rising Oil Prices Will Change the World as We Know It
Ones and Tooze
What Kind of Expertise Is Going Into Sports Betting?
Sports betting is far, far more complex than roulette or blackjack. Bookmakers don't want to be exposed to huge losses if a team wins or loses unexpectedly. They profit really on the margin between those who bet one way and those who bet the other. How many people will make the wrong bet depends on the odds you offer. So it's really like game theory in the sense that my, the best thing for me to do depends on what i think the punters out there will do in light of whatever odds i offer them.
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