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Truly shocking news, as Colts quarterback Andrew Luck is retired from NFL, a source told Adam Schefter of ESPN.com. Schefter reports there will be a press conference on Sunday to formally announce the news. He writes that Luck ā€œis mentally worn down, and now checking out.ā€
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Bettors should always look for a mathematical edge rather than rely on their impulses. Learning how to use the Kelly Criterion, for example, is a great way for bettors to determine how much they should stake. Read on to find out.
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The above graph shows the profits from 500 simulated bets for five betting systems, with the probability of winning at 55% on a Binary bet. The initial bet for each method was $100 (except for the all-in method, which initially...
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