Mathematics of Spread Betting
The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems (e.g., baseball, hockey, and soccer) may be analysed using Poisson and Skellam statistics.
Read more about this topic: Spread Betting
Famous quotes containing the words mathematics, spread and/or betting:
“... though mathematics may teach a man how to build a bridge, it is what the Scotch Universities call the humanities, that teach him to be civil and sweet-tempered.”
—Amelia E. Barr (1831–1919)
“We have seen when the earth had to be prepared for the habitation of man, a veil, as it were, of intermediate being was spread between him and its darkness, in which were joined in a subdued measure, the stability and insensibilty of the earth, and the passion and perishing of mankind.”
—John Ruskin (1819–1900)
“What is faith but a kind of betting or speculation after all? It should be, “I bet that my Redeemer liveth.””
—Samuel Butler (1835–1902)