Why Are Your Odds Betting Strategies Failing? Common Mistakes and How to Fix Them
Misunderstanding of Odds and Probability A fundamental reason why betting strategies often fail is due to a misunderstanding of the concepts of odds and probability. Odds are used to represent the likelihood of an event happening, typically presented in fractional (e.g., 5/1), decimal (e.g., 6.00), or American (e.g., +500) format. Probability, on the other hand,…