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Is it really the bookmakers who set odds?

by Daniel Mateos · 2 Comments

Oodds for betting online

I often hear or read comments that show surprise at the odds a bookmaker has set for a particular sporting event. Of course, bookmakers will make errors at times, especially those who are the first to set prices before the market is fully formed. But generally speaking, it is us as bettors collectively whose are those that set the odds, not the bookmakers.

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Th concept of “Volatility” in sports betting

by Daniel Mateos · 1 Comment

volatility

The volatility is a term widely used in financial markets to measure the risk of the different assets. The higher the volatility the higher the risk and vice versa. A rational investor will only want to take more risk and therefore assume a higher volatility if the expected return is higher and therefore he is rewarded for that higher risk.

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Your betting portfolio: Difference between the “Yield” (ROI) and the”Return” (ROC)

by Daniel Mateos · 1 Comment

Yield-ReturnIn the sports betting world the Yield or ROI(return on investment) is often confused with the Return of your betting portfolio or ROC (return on capital). In fact, they are 2 different things:

Let’s imagine we have won 2,400 € in one year, as we have been able to grow our bankroll from 3,000€ to 5,400€. The return of our investment has been (2,400/3,000) = 80%. When talking about betting, the Yield is the ratio of total profits to total money bet; that is, how much we win (or lose) for each euro waged. If we have made 500 bets in one year, with an average bet of 50€, we have bet a total of 25,000 €. Our Yield is 2,400€ / 25,000€ = 0.096 = 9.6%.

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The “Value” in Sports Betting

by Daniel Mateos · 6 Comments

Value

The concept of “value” is widely used by punters and tipsters when explaining or justifying their selections. I myself have used the term on multiple occasions, but I can´t help noticing that I have been trying to avoid it as much as possible lately, and even when I do use the term I feel a kind of embarrassment in doing so.

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The Psychology of the Tipster

by Daniel Mateos · 2 Comments

psicologia tipster

I have published my Tennis and Football tips on Sportyy.com for several years, first completely free of charge and then on a subscription basis. Although what I have written in this article is mainly an “autobiography”, I don’t think I would be too far wide of the mark if I said that many other tipsters or forecasters will have felt exactly the same emotions as those I write about here, whether such tipsters are giving their tips away for free or charging for them. A tipster has to carry a significant burden of responsibility when charging a subscription fee for his selections, but when you have many followers betting on your recommendations, even if you don’t charge for them, you cannot help but feel (a significant) pressure that can affect the quality of your selections.

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Verified by Pyckio

by Daniel Mateos · No Comments

Verified by Pyckio

From today, if you have a blog/website and you submit your picks at Pyckio.com, we offer you the ability to show a Pyckio badge in your site that confirms your betting statistics are verified by us.  Within the badge it can be read “Visit my Tipster page in Pyckio.com”. You can link it to the url of your Pyckio tipster account. In this way, the users who visit your site can trust that your statistics are real and verified by Pyckio (at Pinnacle Sports odds). Moreover, they will be able to access your Pyckio tipster page in only one click.

You can find here more info and the different sizes we have made.

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