Educational Articles

How much is a free bet really worth?

For many bettors, choosing a bookmaker is no longer a decision based on the best value on offer but who is offering the most eye-catching promotion. While “free bets” and bonus incentives might be appealing at first glance, a closer…

What is a value bet?

Value betting is an essential skill for bettors. What is a value bet? How can a bettor find value? Read on to find out. One of the most interesting things about betting is that nobody knows the true probability of the…

The art of multiple betting

Serious bettors will often claim that multiples are a waste of time. In essence, these types of bet reduce the probability of winning while increasing the potential profit. Can multiples actually offer betting value? Read on to find out. “I…

The value of asymmetric information in sports betting

Information is of great value to bookmakers and bettors alike. Occasionally, markets with limited data or low liquidity offer little information to bookmakers. This provides an opportunity for bettors in possession of superior information. Read on to find out how…

The basics of reverse line movement

Monitoring line movement can provide a snapshot evaluation of the market and understanding why bookmakers make these adjustments can be beneficial to bettors. However, a common mistake is to base betting decisions on line movement alone. Read on to find…

How quickly can you learn a skill?

Randomness and luck play a crucial part in betting, but there is still an element of skill involved. It might be possible to win in the short-term thanks to luck, but you won’t win in the long-term without skill. So,…

The problem with data mining in sports betting

Using data as part of a betting strategy is common practice. However, as impressive as some results may appear, the process of producing such results is the important part. What are the problems with data mining in sports betting? Read…

The nature of uncertainty in betting

Betting dates back thousands of years and while how we bet and what we bet on has changed dramatically, the nature of uncertainty remains. Bettors obviously need to be aware of what uncertainty and probability mean, but can the classic…

What can you learn about betting in the classroom?

Some bettors have spent years honing their skills with the end goal of beating the bookmaker. Others have worked towards a different career and then transferred their skills to betting. People might take different paths when it comes to betting,…

How often do you need to beat the closing line?

It is a common misconception that betting is all about results. The key to successful betting lies in finding value in the market and consistently beating the closing line. But just how often do you need to beat the closing…

The difference in handicap betting in different sports

Handicap betting is often seen as an advanced form of 1X2 or Money Line betting. Some bettors are put off because it seems complex but handicap betting offers a unique challenge by balancing the chances of either side winning a…

Assessing betting skill: Bayesian vs. Frequentist methods

At the most basic level, making money from betting requires two things. Skill and luck. Whilst many bettors fail to acknowledge the influence of the latter, measuring the former is also often overlooked. This article shows why it is important…

Visualising a bet: What does a betting edge look like?

All bettors want to make bets that give them a positive edge, but what does an edge look like? In his Betting Resources’ debut our Head of Analytics answers this enduring question with a unique approach: visualisation of value. Continue…

Becoming a profitable bettor: A question of luck or skill

Betting is about securing positive expected value to make a consistent profit. As part of that process, bettors must consider the influence randomness and luck have on the outcome of any given event. This article looks at whether becoming a…

How to make predictions with no data

The Mayweather vs. McGregor UFC-Boxing crossover has sports fans and bettors gripped for the simple reason that it has no precedent. This provides fertile grounds for debate and speculation but is a huge headache for anyone trying to predict the…

Is R the betting analysis tool of the future?

You might have heard of R, the increasingly popular statistical programming language widely used for data analysis, but how can it help you improve your betting? For that purpose, we interviewed our Sports Manager, Jonathan Belke. Read on to find…

How often do you need to beat the closing line?

It is a common misconception that betting is all about results. The key to successful betting lies in finding value in the market and consistently beating the closing line. But just how often do you need to beat the closing…

Soccermatics: Mathematical modelling applied to soccer

Sports and maths are often labelled as separate entities, even though they complement each other in many different ways. This Soccermatics book review explains how David Sumpter uses mathematical modelling to bring the numbers and patterns buried within the sport…

Arbitrage vs. Value Betting – Exposing misconceptions

As Pinnacle’s Director of Trading my job is to manage risk, and the same should be true for every bettor out there trying to make money. I love reading about how bettors approach risk and bankroll management and was inspired…

4 betting lessons from Sir Alex Ferguson

With the release of his latest book, Leading, Sir Alex Ferguson took a step back from soccer memoirs to reveal the secrets of his winning ways in the 38 years he spent managing Manchester United and Aberdeen. What are his secrets…

Surviving in the shark tank

Pinnacle has been successfully operating a unique high volume, low margin, winners welcome model since 1998. We are often asked why this approach hasn’t been successfully copied. The fascinating answer I got back from our Trading Director is both an…

Inside a sports hedge fund

The Holy Grail for bettors is generating a regular income from their activities. Professional bettors are a small and exclusive group, understandably reluctant to share their insight. Despite this, we managed to speak to an insider in the niche business of a…

The history of lotteries

The dream of winning the lottery has been an integral part of human history throughout the ages. Politicians, philosophers, emperors and – last but not least – lottery winners, have all profited in different ways. But who invented the lottery…

The effect of the tournament format on the odds

Whether it is the tennis Australian Open or the baseball World Series, the outright odds are the market that number one bettors look at the outset of a competition to assess the strength of the contenders. With the tournament design…

How to calculate profits with different odds formats

The format for betting odds can vary depending on which part of the world you live in. The two most common options used are Decimal and American odds. But what is the difference, how do you calculate returns for each…

How do betting odds work

With a large number of bookmakers claiming to offer the best odds and an equally large number of websites comparing betting odds, are you really getting the best deal? In this simple guide we explain how odds work to help…

Profitable betting: From chance to choice

Gambling is one of the world’s oldest pastimes. Having started as entertainment back in the ancient times, betting outcomes were perceived as no more than a whim of the gods. Gambling has now transformed to the most extraordinary way to…

How to convert between Decimal & American odds

Depending on which part of the world you are from, you are likely to be comfortable seeing odds in a certain format. With an abundance of online convertors available, have you ever wondered how you can easily convert decimal to…

Three careers ideally suited for betting

There are three established professions which share the attributes required for successful betting. If one of this trio is your current day job, you have a head-start in turning a profit as a part-time punter. Equally, aspiring bettors looking for…