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Probabilities help!

  • 10-03-2010 4:35pm
    #1
    Big Mouth
    Closed Accounts Posts: 234 ✭✭


    Looking for someone to help me with some gambling probabilities. Basically need to find if certain new bets are viable, as I am currently thinking about setting up a gambling betting site with these bets.

    There a couple that need looking at so any takers for a nixer?


Comments

  • #2
    Fremen
    Registered Users, Registered Users 2 Posts: 2,481 ✭✭✭Fremen


    Bookmakers don't really use much probability, they just respond to market forces. If Chelsea is playing Liverpool and more people are betting on Liverpool, the bookie will change the odds to make a bet on Chelsea more appealing for the customers.
    He'll try to make it so that he can take a cut of the total bets, then pay out wins on one side from losses on the other.

    Maybe if you post your idea in more detail, people will be able to help.


  • #3
    RoundTower
    Registered Users, Registered Users 2 Posts: 5,083 ✭✭✭RoundTower


    I'm interested and have quite a lot of background in mathematics and gambling. PM me if you are serious.


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