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The Kelly Criterion’s biggest benefit is that it takes the subjectivity out of sports betting. While it is tempting to try to run up a big bankroll simply by knowing about the sports and teams that you are wagering on, that strategy fails to take into account important factors such as bankroll management. The Kelly Criterion allows bettors to use their knowledge in conjunction with a proven money management system, alleviating the biggest challenge for most bettors. […]
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Calculating the Implied Probability of betting odds is easy. Simply enter the odds into the Implied Probability Calculator on this page and then hit the “Convert” button. The Implied Probability of the odds will then be displayed in the “Probability” box. This app converts from any of the 6 formats to all others, including an “Implied Win %” based on the odds. You can also input a bet and see your potential profit. […]
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Online sportsbooks do offer some advantages over state-regulated books, such as 24-hour access, promotional offers that add bonus cash to bettors’ bankrolls, and a much wide selection of sports coverage. Check out our list of preferred NFL betting sites for the best options on the web. […]
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