What are the odds?

Gaming Innovation Group’s Endre Nesset discusses odds compiling and how using a Monte Carlo simulation can calculate the likelihood of upsets in sport

On 18 August 1913 at the famous Casino de Monte Carlo in Monaco, a roulette wheel came up black 26 times in a row. During the sequence some gamblers practically bankrupted themselves betting on red, feeling certain that a change of colour ‘must be due’. The odds of 26 consecutive spins of a roulette wheel…

Data | Gaming Innovation Group | Odds | Sports betting | World Cup