Tipping kills your EV here, unless you're playing for larger sums than $2 bets and only tipping $1. They're also aware of the double-your-bet theory, aka the Martingale system.Ģ. well at some point you're up, you quit when you're up, it'll work."ġ. "My hypothesis was, if I can find a game where you can stay in the game for the longest period of the time. The overall goal of Prof's game was, and I quote: Once you win, decrease your bet to your original amount. (In American roulette, they have 0 and 00, so this actually makes your win rate less than two-thirds of the time.)Ĥ. You should win approximately two-thirds of the time. Payouts on these bets are almost always 2-1.ġ. Here are the rules of my professor's game:ĭefinition of Dozen Bets: a bet on either the first (1-12), second (13-24), or third (25-36) twelve numbers. Don't worry - I can't personally see myself ever playing this game and expecting to win, just curious what you think about the expected value here. Personally, I've never played roulette before until tonight, and I don't have the algorithm.Īnyways, curious as to what you think the pros/cons of this strategy are. He says it worked for him, and he's got a priceless reputation for being overly honest. My professor mentioned this roulette strategy in class.
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NFL odds do not stop at the point spread and OVER/UNDER. In football, point spreads of 3 and 7 are considered "key numbers" because those are the two most common numbers that NFL games are decided by. If a team is -1.5, they need to win the game by at least two points for your bet to win. If you see an NFL team is +1.5, it means they are underdogs and expected to lose by 1.5 points. When you see a team -1.5, it means they are favored to win by 1.5 points. What does -1.5 Mean?Ī number like this next to a wager is referencing a point spread. The reason you don't get even money (+100) odds when two evenly-matched teams play is because the sportsbooks are building a 10% profit into each standard bet. The price is often -110 on an event that has a 50/50 outcome, for instance with two evenly-matched teams. This means you'd be risking $110 to win $100, or $11 to win $10. The standard price for a point spread or over/under bet is often -110. One of the most common questions asked when seeing NFL odds for the first time is, " What does -110 mean?". Read below to learn the ins and outs of NFL odds and how to approach wagering on American football if you’re a novice sports bettor. After some time, however, NFL odds begin to make a lot more sense. To a new football bettor, NFL odds can look like a foreign language.
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