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With Ascot, Epsom, and Goodwood, Cheltenham is one of the biggest racing meets in the UK. With there a packed racing card over four days, sensible Cheltenham betting can prove to be quite lucrative. If you implement a sound strategy, you can set yourself up for the rest of the year.
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In the casino, there are mathematical formulas to work out the odds. Take for instance roulette, where the house average or house edge is the amount the player loses relative for any bet made, on average, and can be worked out using a mathematical formula:
If a player bets on a single number in the American game there is a probability of 1/38 that the player wins 35 times the bet, and a 37/38 chance that the player loses their bet.
The expected value is:
-1x37/38 + 35x1/38 = -0.0526 (5.26% house edge)
For European roulette and also free roulette UK games, a single number wins 1/37 and loses 36/37:
-1x36/37 + 35x1/37 = -0.0270 (2.70% house edge)
Winning at an online bookmakers is not nearly so complicated - you simply need to play the odds and choose the weakest link to bet big on. Good luck!