Sportsbook Training Services

Excel materials for the course

2.02 Law of Large Numbers and Expected value

2.03 Odds formats and probabilities

2.04 Types of fixed odds prices

2.05 Bookmaking and overround

2.05a Overround application

2.06 Gamblers fallacy

2.07 Overbroke books and arbitrage

2.08 Cashout

2.09 Two important axioms of probability

2.10 Propositions of probability 1 The complement rule

2.11 Removal of overround to find fair probabilities

2.12 Propositions of probability 2 The addition rule

2.13 Propositions of probability 3 The multiplication rule

2.14 Building a pre-match tool with momentum

2.15 Conditional Probability

2.16 Pricing exercise 1

2.17 Counting part 1

2.18 Counting part 2

2.19 Pricing exercise 2 probability grids

2.20 What is a probability distribution

2.21 The Binomial Distribution part 1

2.22 The Binomial Distribution part 2

2.23 The Binomial Distribution part 3

2.24 Negative Binomial Distribution

2.25 Multinomial distribution

2.26 Poisson distribution part 1

2.27 Poisson distribution part 2

2.28 Normal Distribution part 1

2.29 Normal Distribution part 2

2.30 Normal Distribution Part 3

2.31 Exponential Distribution Derivation and Characteristics

2.32a Exponential Distribution Part 2

2.32b Exponential Distribution Part 3 alternative

2.33 Bradley Terry model

2.34 Elo ratings

2.35 Introduction to rating football teams