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Mathematics Of Bookmaking
In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'. Sidney 2003, pp. 13, 36 Making a 'book' (and the notion of overround) A bookmaker strives to accept bets on the outcome of an event in the right proportions in order to make a profit regardless of which outcome prevails. See Dutch book and coherence (philosophical gambling strategy). This is achieved primarily by adjusting what are determined to be the true odds of the various outcomes of an event in a downward fashion (i.e. the bookmaker will pay out using his actual odds, an amount which is less than the true odds would have paid, thus ensuring a profit). The odds quoted for a particular event may be fixed but are more likely to fluctuate in o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glossary Of Bets Offered By UK Bookmakers
This is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom. The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punters use these traditional combination bets for football selections as well. Types of bet Win :A bet that produces a return only if the selection comes first in an event (i.e. wins). A win bet may be placed on a single event. Place :A bet that produces a return only if the selection finishes first or within a predetermined number of positions (places) of the winner of an event. The return is often based on a fixed proportion of the win odds of the selection. Each-way :A combination of win and place bets of equal size. Each-way bets may be placed on a single event or on two or more selections in a multiple bet. Each-way multiple bets are settled on a win-to-win and place-to-place basis. Single :A bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trinity College, Dublin
, name_Latin = Collegium Sanctae et Individuae Trinitatis Reginae Elizabethae juxta Dublin , motto = ''Perpetuis futuris temporibus duraturam'' (Latin) , motto_lang = la , motto_English = It will last into endless future times , founder = Queen Elizabeth I , established = , named_for = The Holy Trinity.The Trinity was the patron of The Dublin Guild Merchant, primary instigators of the foundation of the University, the arms of which guild are also similar to those of the College. , previous_names = , status = , architect = , architectural_style =Neoclassical architecture , colours = , gender = , sister_colleges = St. John's College, CambridgeOriel College, Oxford , freshman_dorm = , head_label = , head = , master = , vice_head_label = , vice_head = , warden = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Journal
''The Economic Journal'' is a peer-reviewed academic journal of economics published on behalf of the Royal Economic Society by Oxford University Press. The journal was established in 1891 and publishes papers from all areas of economics.The editor-in-chief is Francesco Lippi (Libera Università Internazionale degli Studi Sociali Guido Carli & Einaudi Institute of Economics and Finance). According to the Journal Citation Reports, the journal has a 2020 impact factor of 3.178. History Introduction The journal was conceived in November 1890, at the inauguration of the British Economic Association (which became the Royal Economic Society in 1902). One of the central aims of the new society was to create a forum through which British economic research could be published. In a circular sent out before the inaugural meeting, Alfred Marshall, one of the founding members of the society, indicated the significant impact a new journal would have on British economic science: ''...the ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Science (journal)
''For the theoretical and practical problem-solving subfield of Management, see Management Science.'' ''Management Science'' is a peer-reviewed academic journal that covers research on all aspects of management related to strategy, entrepreneurship, innovation, information technology, and organizations as well as all functional areas of business, such as accounting, finance, marketing, and operations. It is published by the Institute for Operations Research and the Management Sciences and was established in 1954 by the institute's precursor, the Institute of Management Sciences. C. West Churchman was the founding editor-in-chief. According to the ''Journal Citation Reports'', the journal has a 2018 impact factor of 4.219. Editors-in-chief The following persons are, or have been, editors-in-chief: *2018–2020: David Simchi-Levi *2014–2018: Teck-Hua Ho *2009–2014: Gérard Cachon *2003–2008: Wallace Hopp *1997–2002: Hau L. Lee *1993–1997: Gabriel R. Bitran *1983–19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematics Magazine
''Mathematics Magazine'' is a refereed bimonthly publication of the Mathematical Association of America. Its intended audience is teachers of collegiate mathematics, especially at the junior/senior level, and their students. It is explicitly a journal of mathematics rather than pedagogy. Rather than articles in the terse "theorem-proof" style of research journals, it seeks articles which provide a context for the mathematics they deliver, with examples, applications, illustrations, and historical background. Paid circulation in 2008 was 9,500 and total circulation was 10,000. ''Mathematics Magazine'' is a continuation of ''Mathematics News Letter'' (1926-1934) and ''National Mathematics Magazine'' (1934-1945.) Doris Schattschneider became the first female editor of ''Mathematics Magazine'' in 1981. .. The MAA gives the Carl B. Allendoerfer Awards annually "for articles of expository excellence" published in ''Mathematics Magazine''. See also *''American Mathematical Monthl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematical Association Of America
The Mathematical Association of America (MAA) is a professional society that focuses on mathematics accessible at the undergraduate level. Members include university, college, and high school teachers; graduate and undergraduate students; pure and applied mathematicians; computer scientists; statisticians; and many others in academia, government, business, and industry. The MAA was founded in 1915 and is headquartered at 1529 18th Street, Northwest in the Dupont Circle neighborhood of Washington, D.C. The organization publishes mathematics journals and books, including the ''American Mathematical Monthly'' (established in 1894 by Benjamin Finkel), the most widely read mathematics journal in the world according to records on JSTOR. Mission and Vision The mission of the MAA is to advance the understanding of mathematics and its impact on our world. We envision a society that values the power and beauty of mathematics and fully realizes its potential to promote human flourishi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Mathematics Of Games And Gambling
''The Mathematics of Games and Gambling'' is a book on probability theory and its application to games of chance. It was written by Edward Packel, and published in 1981 by the Mathematical Association of America as volume 28 of their New Mathematical Library series, with a second edition in 2006. Topics The book has seven chapters. Its first gives a survey of the history of gambling games in western culture, including brief biographies of two famous gamblers, Gerolamo Cardano and Fyodor Dostoevsky, and a review of the games of chance found in Dostoevsky's novel '' The Gambler''. The next four chapters introduce the basic concepts of probability theory, including expectation, binomial distributions and compound distributions, and conditional probability, through games including roulette, keno, craps, chuck-a-luck, backgammon, and blackjack. The sixth chapter of the book moves from probability theory to game theory, including material on tic-tac-toe, matrix representations of z ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phil Bull
Phil Bull (9 April 1910 – 11 June 1989), born West Yorkshire, England, was a professional gambler, racehorse owner and publisher, who founded the Timeform private handicapping system for British horseracing. Since 1948, Timeform have produced performance ratings for every racehorse in Great Britain and, increasingly, internationally. Timeform ratings have become adopted as the British horseracing industry's unofficial, but authoritative, measure of racehorse performance. It was said of Bull in 1976 that "there is no more familiar figure on English racecourses than the stocky, bearded one of Mr Phil Bull". Many racing aphorisms can be attributed to Bull, such as "at the racecourse, keep your eyes open and your ears closed". Early life Phil Bull was born in Hemsworth, West Yorkshire, the son of a miner and a schoolteacher and was educated at the local Grammar School. In 1931 he graduated from Leeds University with a degree in mathematics. This mathematical grounding, as we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Loftus
Ron is a shortening of the name Ronald. Ron or RON may also refer to: Arts and media * Big Ron (''EastEnders''), a TV character * Ron (''King of Fighters''), a video game character *Ron Douglas, the protagonist in ''Lucky Stiff'' played by Joe Alasky *Ron Weasley, a character in ''Harry Potter.'' Language * Ron language, spoken in Plat State, Nigeria * Romanian language (ISO 639-3 code ron) People Mononym *Ron (singer), Rosalino Cellamare (born 1953), Italian singer Given name *Ron (given name) Surname *Dana Ron (born 1964), Israeli computer scientist and professor * Elaine Ron (1943-2010), American epidemiologist *Emri Ron (born 1936), Israeli politician *Ivo Ron (born 1967), Ecuadorian football player *Jason De Ron (born 1973), Australian musician * José Ron (born 1981), Mexican actor *Liat Ron, actress, dancer and dance instructor * * Lior Ron (born 1982), Israeli-American film and trailer composer and musician * Michael Ron (born 1932), Israeli fencer * Michael Røn ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statistical Association Football Predictions
Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers, who use them to set odds on the outcome of football matches. The most widely used statistical approach to prediction is ranking. Football ranking systems assign a rank to each team based on their past game results, so that the highest rank is assigned to the strongest team. The outcome of the match can be predicted by comparing the opponents’ ranks. Several different football ranking systems exist, for example some widely known are the FIFA World Rankings or the World Football Elo Ratings. There are three main drawbacks to football match predictions that are based on ranking systems: # Ranks assigned to the teams do not differentiate between their attacking and defensive strengths. # Ranks are accumulated averages which do not account for skill ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
