• Labouchère system

    Sunday, May 2nd, 2010

    The Labouchère system, also called the cancellation system or split martingale, is a gambling strategy used in roulette. The user of such a strategy decides before playing how much money they want to win, and writes down a list of positive numbers that sum to the predetermined amount. With each bet, the player stakes an [...]

  • Arbitrage betting in theory

    Thursday, April 22nd, 2010

    There is a number of potential arbitrage deals. Below is an explanation of some of them including formulas and risks associated with these arbitrage deals. The table below introduces a number of variables that will be used to formalise the arbitrage models. Variable Explanation s Stake in outcome 1 s Stake in outcome 2 o [...]