Expected value is a great way to measure whether a bet is potentially profitable.
It does this by using a simple decision matrix that weighs up the upside and downside of two options.
In fact it was so useful, one mathematician used Expected Value (EV) to guarantee multiple lottery jackpot wins.
However, despite its usefulness many sports bettors are unaware of this formula.
So tod... ››› more
Q. "I received a trade from PickPocket Trader last week to short the rand using CFDs. Could you tell me a formula I can use to know how many CFDs I must sell, in a way that I don't lose more than 2% on my R35,000 portfolio?"
A. The CFD calculation for Forex currency pairs is a little different to the calculation you need for buying stock CFDs.
Here's a formula you can use for currency CFD... ››› more
It's no secret that if you are investing for your retirement, you want to have income producing stocks in your portfolio.
And by income producing, we mean shares that pay consistently high dividends.
But looking at the dividend yield alone, may show x but it could mean y….
Instead I want to show you a far more RELIABLE way to calculate the real dividend yield, so that you can invest... ››› more
My wife and I have cut down on sugar.
We are trying to be healthier this year by following a strict lifestyle, going to gym six days a week and travelling every three months or so.
Now when you are on a strict lifestyle change, it means you need to be more aware.
Every time I go to the grocery store, I need to make sure that I read the ingredients on EVERYTHING I buy.
You'll be sur... ››› more
Did you know that on average you could double your money betting on a draw than on just the old-fashioned winner?
TWO TIME MORE!
Just last weekend, Chelsea took on Manchester United.
The odds for Chelsea to win were 1.77, this means you could turn R1,000 into R1,770.
While the odds for Manchester United to win were 1.80, this would turn R1,000 into R1,800.
But now take a look a... ››› more
Every weekend myself and a couple of mates from work head over to our local sports bar, where we catch the lunch time Barclays Premier League game that day.
The afternoon always starts out the same, with great debate and the odd bet or two.
The most common friendly bet we place is the goal outcome for that game. But, here's something they don't know I have.
It's helped me with the goal ou... ››› more
The world's largest exporter of dairy products, Fonterra, caused panic after it revealed some of its products were contaminated. The New Zealand-based company's news led the Kiwi dollar to drop in value as word hit the markets. Let's have a look at what is going on…
Earlier today, Fonterra apologised “for a milk powder contamination scare in China,” reports Fin24. The scare could have majo... ››› more
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