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Edge betting is betting with a perceived advantage over the bookmaker or the betting market. In betting, an edge is the difference between the probability of an outcome and the odds offered by the bookmaker or the market. An edge can be positive or negative, depending on whether the odds are higher or lower than the probability.
For example, let’s say you want to bet on a coin toss. A fair coin has a 50% chance of landing on heads or tails. If the bookmaker or the market offers you even odds (2.00) for either outcome, then you have no edge, because the odds match the probability. However, if the bookmaker or the market offers you higher odds (2.10) for heads, then you have a positive edge, because the odds are higher than the probability. Conversely, if the bookmaker or the market offers you lower odds (1.90) for heads, then you have a negative edge, because the odds are lower than the probability.
Edge betting is based on the idea that if you consistently bet with a positive edge, you will make a profit in the long run. Edge betting is also based on the idea that if you consistently bet with a negative edge, you will lose money in the long run.
To calculate edge betting, you need to know two things: the probability of an outcome and the odds offered by the bookmaker or the market. The probability of an outcome can be estimated by using various methods, such as statistics, analysis, research, intuition, etc. The odds offered by the bookmaker or the market can be found by using various sources, such as websites, apps, newspapers, etc.
Once you have both values, you can use a simple formula to calculate your edge:
Edge = (Odds x Probability – 1) x 100%
For example, let’s say you want to bet on a football match between Team A and Team B. You estimate that Team A has a 60% chance of winning. You find that the bookmaker or the market offers you 1.80 odds for Team A to win. You can use the formula to calculate your edge:
Edge = (1.80 x 0.60 – 1) x 100%
Edge = (1.08 – 1) x 100%
Edge = 0.08 x 100%
Edge = 8%
This means that you have an 8% edge over the bookmaker or the market for this bet.
To use edge betting, you need to follow some steps:
For example, let’s say you have identified three potential bets that have a positive edge:
Let’s say you have $1000 as your total budget and you are willing to risk 10% of it per bet. You can use these values to calculate how much money you should stake on each bet:
You can then place your bets accordingly and hope for the best.
Edge betting has some benefits and drawbacks that should be considered before using it. Some of the benefits are:
Some of the drawbacks are:
Edge betting is betting with a perceived advantage over the bookmaker or the market. In betting, an edge is the difference between the probability of an outcome and the odds offered by the bookmaker or the market. An edge can be positive or negative, depending on whether the odds are higher or lower than the probability.
Edge betting is based on the idea that if you consistently bet with a positive edge, you will make a profit in the long run. Edge betting is also based on the idea that if you consistently bet with a negative edge, you will lose money in the long run.
To calculate edge betting, you need to know two things: the probability of an outcome and the odds offered by the bookmaker or the market. You can use a simple formula to calculate your edge:
Edge = (Odds x Probability – 1) x 100%
To use edge betting, you need to follow some steps:
Edge betting has some benefits and drawbacks that should be considered before using it. Edge betting increases your chances of winning, maximizes your profit, and improves your skills and knowledge. However, edge betting also requires time and effort, involves uncertainty and risk, and can be influenced by external factors