While a mysterious concept to many, variance is an essential part of the game and a key element in our betting software.
This video explains variance in sports betting and trading. Understanding variance is key for any bettor with a goal of becoming a professional sports bettor and doing sports betting for a living. It is hosted by Marius from Trademate Sports.
Hello guys. I've seen a few posts lately (some are actually mine), with poor results, wondering about variance, etc. I'm myself in a pretty sick downswing, and my only way to cope with it is by making sure I'm doing things the right way and having some extra assurance that I'm having just "bad variance" at the moment. I normally use this betting simulator to forecast future results and check if my EV is in-line. However it's based on pure averages, not on concrete data.
If you've read our article on value betting, you've learned how edges occur in sports betting, and that good bets are characterised by a positive expected value. The question remains how to transform your edge into what is our ultimate goal: Long term profits.
For the bettors out there that do not enjoy larger swings in your bankroll and deviance from your expected value, this is the article for you.
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