Alpha is a measure of genuine skill or achievement, with the benefits of built-in advantages stripped out. It is used in finance to measure investment skill, and it can be used in sports and betting too.
If tipsters are so good why are the bookies not all skint?
Punters and bookies aren’t engaged in a war. It is a one-sided slaughter of the innocent.
A pair of analogies to illustrate what professional gamblers do to make them different from the crowd.
How a roulette wheel works, and why casinos always win.