Kambi Prep Flashcards
Describe odds compiling?
The addition of all the implied probabilities goes to about 107%, when the events are less known about it can go up to 120%
How this % is formed as well is with the intention that 50% of the spread is put on each side
The more money bet on a side, the worse the price is going to become for the next bettor, eg. Liverpool to win might go from 1.5 to 1.3
Explain American odds?
Value on the - sign is how much money you have to risk to win a $100 (combine your stake and the winnings)
So - is for the favourite
+ is for the underdog
Value is how much they would win if they bet $100 (this value is then included with the $100
Example of American odds?
$110 bet at -110 odds that wins, gives you $100 and your $110 bet back = $210
$100 bet on +240 odds, that wins, means you win the $240, and get your $100 bet back so get $340
NFL point scoring system?
Touchdown: 6 points. Field Goal: 3 points. Safety: 2 points (when a team commits a foul in its own end Zone).
Try after touchdown: 1 point (Field Goal or Safety) or 2 points (Touchdown)
4 quarters
How many innings in baseball?
9
Basketball scoring system?
2 points within the D
3 points outside the D
Free throws are 1 point
Favourite to win the NFL?
San Francisco 49ers
Who won the superbowl last year?
Kansas City chiefs
Who won the NBA last year?
Denver Nuggets
What is Kambi?
Company Background:
Kambi Group plc is a B2B provider of sports betting services.
The company is known for its sportsbook platform, offering solutions for both online and land-based sports betting.
Core Business:
Kambi specializes in providing a comprehensive sports betting platform to gaming operators, allowing them to offer a seamless and competitive sports betting experience to their customers.
Key Services:
Kambi’s services include odds compilation, risk management, and front-end user interfaces.
The platform is designed to be flexible and adaptable to the unique needs of each client.
Whats the money line?
Team to win
Whats the spread?
Team to win by a certain amount of points
Lay betting explained?
Placing £10 on a 5/1 shot will win you a profit of £50. Straightforward.In effect, the formula is reversed when it comes to laying.To make a profit of £10, the layer would have to be willing to risk £50
So you basically are saying to someone else, I’ll take your bet on, ill act as the bookmaker and choosing what there stake is
Expected value?
(Probabilty of winning x stake won) - (Probabilty of losing x stake lost)
Probability fundamentals?
Event of a probability not occurring is 1 - probability of it occurring
If events aren’t mutually exclusive you add
If events are mutually exclusive (cannot happen simultaneously) you multiply
Probability Venn diagrams?
A = all of A highlighted including the intersect
B = all of B highlighted including intersect
A’ = Everything highlighted except A and the middle
B’ = Everything highlighted except B and the intersect
A U B = A and B and the middle highlighted
A n B = only the middle highlighted
How to find the number of outcomes in a probability question?
Do the number of options to the amount of times picked
If probabilities vary then do a sample space diagram
Learn to code with soccer Nathan Daunes?
Teaches Python, SQL (language used on large databases), and machine learning (makes own decisions)
How does Asian Handicap work?
So lets say its evens for Man City - 2 goals
If they win by 3 bet wins, if they win by 2 bet is pushed, by 1, draw or lose, stake is lost. Winnings are multiplied by evens
Lets say its 10/1 Cambridge united +0.75, that means half our stake is on 0.5 and half is on 1. If they win or draw we at 10/1, if they lose by 1 goal, we lose half the stake, and push the other half, anything else we lose the bet
Lets say Liverpool is -0.25 at 5/1, so half our stake is on 0, half is on 0.5. If they win we win the bet, if they draw we push half and lose half
if is 1.75, half the stake is on 1.5, half is on 2
If is 0.5, can never push will always be win or lose
What is spread betting
Eg. how many goals in a football match
You buy if you think outcome will be higher
Sell if you think it will be lower
2.8-3
If you placed £10 buy at 3 and 7 goals were scored you would make £40.
However if was 0-0 you would lose £30
How to convert bettings odds to probabilities?
do the (denominator / the numerator + the denominator) x 100
Eg. 4/1 = 1/5 = 0.2, x100 = 20% chance
1/4 = 4/5 = 0.8 = 80% chance
How to convert betting odds if is decimal?
Divide 1 by the decimal odds and multiply by a 100
eg odds of 3 would be 1/3 x 100 = 33% chance
How to convert probability into bettigs odds?
divide probability by a 100
then do 1/p
eg. 66% goes to 0.66
1/0.66 = 1.5
Max Bischel Webinar?
Originally came from Unibet
US:
Draftkings
Rush Street
Kindred
Parx casino
888 sport
Mohegn Sun
Kambi have a take rate from the people they are providing a service to
Legalisation of states means the US requires this support from Kambi
1/4 of US players, place bets in play straight away, need make sure these markets are functioning live
US bettors stake 41% more per wager than UK players, emphasis on US market, also bet every 3 days, compared to every 4 days
69% of US bettors wager across 5 sports or more (helps me as I can apply my skillset in other sports) (soccer, tennis, golf)
Questions to ask?
What a day in the role would look like?
The role is a US trader, however from my understanding it appears to role is more about the compilation of odds opposed to trading on exchange markets, would you be able to provide some more insight for me?
Would the role to be providing these odds on US bookmakers, or in the UK?
I was wondering if you could provide me with some more insight into the how the rota system would work?
What is the social aspect like at Kambi?
