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Bankroll management: Odds, edge and variance

Betting bankroll management and awareness of variance are essential skills for bettors. What is the relationship between odds, edge and variance? What are the bankroll implications of varying odds?

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Does intuition have a place in sports betting?

Many “casual” bettors choose their bets through “gut feeling” about what they think will happen during an event, an approach which does not lend itself to profitable betting. Does this mean more skilled bettors can rule out utilising their intuition entirely?

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