Trading in the Global Sports Betting Market
The hit rate which is important to all our algorithms, expresses the number of winning bets compared with all bets placed. When the hit rate exceeds the implied probability of each bet placed profits are certain. The implied probability is calculated by converting the odds into probability %s.
For example, bets placed on the full-time soccer correct scores market, decimal odds of 10 and over are usual. Based on such odds, any hit rate higher than 10% creates profit, which in turn means if the betting system manages to predict full-time scores with an accuracy of more than one correct in every ten bets, the system will make a profit (despite a relatively small hit rate).
If the system bets on potential outcomes with probabilities of 60%, then the expected hit rate to break is between 60%, when the hit rate exceeds 60% the system makes a profit. The bet hit rate is particularly important to our soccer Optimised Hit Rate algorithm.