Tag: expected value

Smart Gambling Using Expected Value

Book makers, it must be said, have a difficult job. Not only because the world of gambling is ever changing and a challenging industry to work in, but also because they are often portrayed as the bad guy in a gambling scenario. It may be true that some book makers have unscrupulous tactics, but it cannot be understated that a smart gambler is one who uses his or her head when making a bet.

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