Kambi Prep

Question 1

Describe odds compiling?

Answer 1

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

Question 2

Explain American odds?

Answer 2

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

Question 3

Example of American odds?

Answer 3

$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

Question 4

NFL point scoring system?

Answer 4

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

Question 5

How many innings in baseball?

Answer 5

9

Question 6

Basketball scoring system?

Answer 6

2 points within the D
3 points outside the D
Free throws are 1 point

Question 7

Favourite to win the NFL?

Answer 7

San Francisco 49ers

Question 8

Who won the superbowl last year?

Answer 8

Kansas City chiefs

Question 9

Who won the NBA last year?

Answer 9

Denver Nuggets

Question 10

What is Kambi?

Answer 10

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.

Question 11

Whats the money line?

Answer 11

Team to win

Question 12

Whats the spread?

Answer 12

Team to win by a certain amount of points

Question 13

Lay betting explained?

Answer 13

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

Question 14

Expected value?

Answer 14

(Probabilty of winning x stake won) - (Probabilty of losing x stake lost)

Question 15

Probability fundamentals?

Answer 15

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

Question 16

Probability Venn diagrams?

Answer 16

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

Question 17

How to find the number of outcomes in a probability question?

Answer 17

Do the number of options to the amount of times picked

If probabilities vary then do a sample space diagram

Question 18

Learn to code with soccer Nathan Daunes?

Answer 18

Teaches Python, SQL (language used on large databases), and machine learning (makes own decisions)

Question 19

How does Asian Handicap work?

Answer 19

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

Question 20

What is spread betting

Answer 20

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

Question 21

How to convert bettings odds to probabilities?

Answer 21

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

Question 22

How to convert betting odds if is decimal?

Answer 22

Divide 1 by the decimal odds and multiply by a 100

eg odds of 3 would be 1/3 x 100 = 33% chance

Question 23

How to convert probability into bettigs odds?

Answer 23

divide probability by a 100

then do 1/p

eg. 66% goes to 0.66

1/0.66 = 1.5

Question 24

Max Bischel Webinar?

Answer 24

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)

Question 25

Questions to ask?

Answer 25

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?