# Tag: #betting

A probabilistic pub quiz for nerds

A “true or false” quiz where you respond with your confidence level, and the optimal strategy is to report your true belief. 2020-04-26

What is matched betting?

Matched betting exploits differences in odds between betting exchanges to guarantee a profit, by betting on both sides of a proposition. 2019-04-02

What is a prediction market?

Prediction markets allow people to bet on the outcome of future events, with the traded share prices reflecting the market’s probability estimate for those events. 2019-04-01

What is a betting exchange?

Betting exchanges like Betfair allow users to act as bookmakers, offering bets at their own chosen odds. This contrasts with traditional bookmakers who set the odds. 2019-03-31

Probability notation for odds

Different notations for betting odds, including fractional, decimal, and probability. Probability notation is shown to be the most transparent, revealing the bookmaker’s expected positive gain. 2019-03-30

All content copyright James Fisher.