Betting Strategies – Part 2 – Maximizing Expected Return to Risk Ratio

In the first part of this two post series, I discussed the betting strategy of maximizing expected return. The downside of this strategy is it takes no account of risk. If you haven’t read the previous post I recommend you do so before continuing. This...

Betting Strategies – Part 1 – Maximizing Expected Return

This post is the first of two to discuss strategies for sporting events where there are three or more possible outcomes. Examples include football, horse racing, the first try scorer in rugby, and highest run scorer in cricket. For all of these bets...