Sports Betting Math | Implied Distributions

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Added 3 years ago by admin

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Data runs the world - it should run your sports betting accounts, too.

In this video, Alex discusses implied distributions and implied probabilities in sports betting. We learn about converting sports betting markets to implied win probabilities.

Understanding distributions is essential to any sports betting model. We go through an example in the Ravens vs Bengals game from NFL week 7 and back out the implied probability of the Ravens winning by EXACTLY 3. To do this, we use the point spread markets from DraftKings sportsbook.

Having a rock solid understand of mathematics and statistics is critical if you ever want to make money sports betting. Otherwise, you'll just be paying the vig or juice over and over.

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