Sports Betting Archive

Understanding and Converting Regional Sports Betting Odds – US/EU/UK To the unseasoned, at-home bettor – the one who wagers $10, or maybe a 6pk of beer, against their best friend on NFL Sunday – transitioning to retail or online sportsbook betting may sound like a simple upgrade. The truth is, there’s a lot more...

How to Convert Implied Odds into Win Probability Sports bettors who rely on a betting strategy often utilize the implied odds of a sportsbook to determine the expected value and correct bet size for their wagers. The Kelly Criterion System is a perfect example. The scientific gambling formula requires the bettor to inject a...

How to Use Kelly Criterion in Sports Betting The Kelly Criterion is a unique betting system that combines the science of probability theory with the fundamental responsibility of bankroll management. Universally recognized as the most statistically effective scientific gambling method, the Kelly Criterion lays out a specific formula for bet sizing. It takes its...

Compendium of sports betting terms and definitions. If you’re new to the sports betting scene, odds are you’re going to come across a lot of new words, references and abbreviations that don’t make much sense to you. Our sports betting glossary is an ever-growing compendium of terminology to help you navigate the exciting world...

How to bet on sports in Indiana in five easy steps. Thanks to recent legislation legalizing both live and online sports betting in The Hoosier State, it’s now easier than ever to put action on your favorite events and matches. The most common hindrance of all is a lack of knowledge. By understanding the...

What is a Sharp, and why do Sportsbooks fear and respect them so? Betting on sports is similar to wagering on any other form of gambling. There is great risk involved. You could win, or you could lose, but you’re more likely to lose than win. Unseasoned sports bettors may think they can gain...

Ten Educational Tips for Beginner Sports Bettors If you’re new to the world of sports betting, it’s definitely a good idea to learn the ropes before you jump in. After all, betting on sports is a form of gambling. You wouldn’t sit down at a blackjack table if you had no idea how to...

How Indiana Sportsbooks compare to other US markets. Legalization of single-event sports betting is sweeping across the nation. According to data from the American Gaming Association, at time of writing, 21 states, plus Washington, D.C., have legalized and launched regulated sports betting markets. Another 5 states have legalized the activity, but have yet to...

IGC Approved: Indiana Licensed Online and Mobile Sportsbooks Times are rapidly changing across the American gaming community. 2018 marked a pivotal turning point, when the US government overturned a decades old law that prohibited wagers on sporting events in all states but Nevada. Since then, every state has had the right to authorize sports...

Realist’s Review of BetRivers Indiana Sportsbook Online BetRivers Mobile is one of about a dozen IGC-licensed operators legally serving the Indiana sports betting community. The brand’s reputation is without equal in the US market, with operations established in six states, and more in the works. BetRivers Indiana is renowned for diversity in its class,...