
Louisiana cuts DraftKings licence to 4 months
Louisiana regulators shortened DraftKings' licence & Ohio proposed ad limits after reports on how the app treats bettors.

Louisiana regulators shortened DraftKings' licence & Ohio proposed ad limits after reports on how the app treats bettors.

An each-way bet is two bets of equal stake, one to win & one to place. This guide sets out the place terms bookmakers publish, worked returns, &…

Cash out lets a bettor settle a bet before the event ends, at a price set by live markets. This guide explains how offers are worked out, why…

The Kelly criterion turns an estimated edge & the odds into a share of the bankroll to stake. This guide covers the formula, its history & its limits,…

Expected value is the average result of a bet if it could be repeated many times. This guide sets out the formula, how the margin affects it, &…

Arbitrage betting backs every outcome of an event with different bookmakers so the result should not matter. This guide shows the stake maths, then what regulators, researchers &…

Hedging means betting on the other side after a first bet has moved your way. This guide works through sourced examples of the stake involved & what the…

Prop bets are wagers on events inside a game rather than its result. This guide explains how they work, what happens when a player sits out, & the…

A round robin splits one list of picks into many separate parlays, each with its own stake. This guide counts the combinations, prices them & works through a…

A teaser is a parlay with every spread or total moved in the bettor's favour, paid at a lower price. This guide explains the prices, the break-even maths…