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where ln Z ave - mathematical expectation of ln Z; p i - probability of i-th event, equal to 1 F i , F i - fair odds; q i - sportsbook s probability of i-th event, equal to 1 L i , L i - payout coefficients aka market odds, line odds, or lines ; N - number of chosen independent events. Offering daily horse racing odds from over 60 tracks, Bovada boasts straight and exotic wagering from the top thoroughbred and harness tracks, full details on daily track race results, full track schedules and so much more including Live Odds - Win, Place, Show and Exacta Pools.

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Set profit margin to 0 , generate fair odds, compare them to the bookie s lines, find occasions when the market odds appear to be greater than fair odds, and place reliable stakes according to the scientific approach provided by the powerful tool Stake Wizard 4.