Originally Posted by dada-as
I would like to know it how it works?
What does it take into calculations?
Why is there no day by day prognostics?
Who cares how it works ?
Does it do what I said it should do ?
A software tool basically produces prices.
Henceafter you, the user, can say "I like this one and that one and I 'm going to back".
But what essentially it does is to suggest prices.
If it finds for you e.g. Celtic v. Hearts at 1.60 and if the bookies give Celtic at 1.80 then you back. But it has to be real.
If, instead of using it as a backer, you use it as an odds compiler for a bookmakers company then what happens ? If the software is weak and it is lying they 're going to sack you.
I mean at best they 're going to sack you. At worst they will say you act in collusion with a gambler's ring !
So the multiplication test and the figure of merit it produces is a must know.
I discovered a new one yesterday.
Site looks great but I have the suspicion it is abandoned so I 'm not giving the link.
At the same time it is true that maths and statistics are progressing all the time.
Some of the recent discoveries look very interesting, so all of you who are lovers of mathematics and statistics go to work. The battlefield is hard though and filled with mines !