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What Are Blackjack Side Bets?Side bets are bonus bets placed on a round of Blackjack on outcomes beyond whether the player or dealer will win. The majority are staked at the start of the round before the cards have been dealt alongside regular bets and many have fixed odds that usually offer greater payouts than the simple 2:1 rewarded for beating the dealer.Play Blackjack at Pinnacle Casino

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Side bets provide an exciting way to make Blackjack games more interesting whilst offering you a greater number of ways to win. So what are side bets, what side bets are available and are they worth it? Read on to find out.

Blackjack Side Bets Explained

Finding a niche market in betting can often lead to value. This can be anything from specialist knowledge of handball betting to extensive experience in betting on Japanese baseball. Providing you know more than the bookmaker, there is money to be made.  &lt;Bet on soccer at Pinnacle&gt; They also make for interesting and potentially profitable bets, as they can be a little more reliable

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A corner is one of the most inexplicably exciting events in soccer. Only around three per cent of them lead to a goal, but you can guarantee that the attacking team’s fans will roar their approval and encouragement if their team are awarded one. Read on to find out how you can benefit from betting on corners.

Corners betting in soccer: Value in a lesser-known market

Poisson Distribution is a mathematical concept for translating mean averages into a probability for variable outcomes across a distribution. For example, if we know Manchester City average 1.7 goals per game, so by putting the Poisson Distribution formula tells us that this average equates to Manchester City&nbsp;scoring 0 goals 18.3% of the time, 1 goal 31% of the time, 2 goals 26.4% of the time and 3 goals 15% of the time.

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Poisson Distribution: Predict the score in soccer betting

What is Expected Value?The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.A simple example of Expected Value (EV) put into practice -&nbsp;if you were

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The Expected Value of a bet shows us how much we can expect to win (on average) per bet, and as such is the most valuable calculation a bettor can make when comparing bookmakers' odds. How can you calculate Expected Value in sports betting in order to predict your winnings? Read on to find out.

How to Calculate Expected Value

Nishikori is a professional ATP tennis bettor. Additionally, Nishikori provides his tips on Pyckio and, to date, has achieved a yield of over 6.5% on more than 4,400 bets in ATP matches, the most liquid tennis market, at Pinnacle odds. He has a highly active Twitter account with a passion for educating about the world of tennis betting, where he frequently conducts analysis of the tennis market from different perspectives.

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Essentially, the CLV method requires you to record the closing line or the last available odds before a match begins for the bets you've placed, irrespective of the match's outcome. By monitoring the closing odds of your bets and contrasting them with the odds at which you placed your bet, you can gauge your winning potential, regardless of the actual result. For a more in-depth analysis of this theory, refer to <a href="/betting-resources/en/betting-strategy/using-closing-line-to-test-betting-skill/7e6jwjm5ykejuwkq" target="_blank">this article by Joseph Buchdahl</a>.

<h2>Calculating true odds with bookmaker margins</h2>

It's crucial to remember that bookmakers incorporate a margin into their odds. To accurately estimate the true odds, and therefore the expected value, we need to adjust the closing price upwards. For instance, if the bookmaker’s closing price for Alcaraz defeating Djokovic is 3.000, the genuine closing odds, or the true odds, would be slightly higher - perhaps 3.200. This article aims to elucidate the most effective method to eliminate the bookmaker's margin and thereby estimate the true odds in tennis.

In his article titled <a href="href=&quot;https://football-data.co.uk/The_Wisdom_of_the_Crowd_updated.pdf&quot;%20rel=&quot;nofollow&quot;" target="_blank">“Using the wisdom of the crowd to find value in a soccer match betting market”</a>, Joseph Buchdahl introduces four distinct methods to estimate the true odds: the Equal Margin model, the Margin Proportional to Odds model, the Odds Ratio model, and the Logarithmic Function model.

For a comprehensive understanding of each method, you can refer to the article. The table below shows a few examples of each method’s results.

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In the article mentioned above, Buchdahl scrutinizes the efficacy of all four methods in estimating the actual odds for soccer. I have undertaken a similar analysis for tennis.

<blockquote>I examined the Pinnacle closing lines for all ATP main draw matches.</blockquote>

<h2>Analysing true odds in Tennis</h2>

To assess the accuracy of these four models, I examined the Pinnacle closing lines for all ATP main draw matches with valid odds since 2010. This resulted in a total of 33,270 matches and 66,540 odds. The sample size is substantial enough to confidently assert that neither good nor bad luck influences the outcomes. Theoretically, if we were to place blind bets on both competitors in these 66,540 bets at the true prices, the total yield should be zero. Naturally, achieving this is improbable, as no method can pinpoint real probabilities with absolute precision. However, even without this knowledge, we can assess the accuracy of the estimates of these four models and determine which is the most reflective of reality - i.e., which offers a yield closest to zero.

The results are as follows: 
 
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The Equal Margin model, with a yield of -1.58%, is the least accurate at estimating real prices. Its inadequacy stems from its inability to account for the favourite-longshot bias. This means it underestimates higher odds, leading to long-term losses. Conversely, it overvalues favourites. The Logarithmic Function model, with a yield of +0.61%, tends to overestimate the odds for underdogs, particularly significant underdogs. The two remaining models, Margin Proportional to Odds (-0.42%) and Odds Ratio (-0.26%), are the most accurate. A negative yield indicates a slight underestimation of underdog prices, hinting at insufficient compensation for the favourite-longshot bias. Generally, however, they perform commendably. While the Odds Ratio seems marginally superior, the differences are too minute to conclusively attribute them to anything other than sample size variance.

<h2>Conclusion</h2>

Both the Odds Ratio and the Margin Proportional to Odds models emerge as the most reliable tools for estimating true odds in tennis, and therefore they are also the most dependable methods of calculating the expected value of your bets. By comparing these true odds with the odds at which you placed your bets, you can calculate the expected value. For those interested in making these estimations, consider using this <a href="href=&quot;https://winnerodds.com/valuebettingblog/true-odds-calculator/&quot;rel=&quot;nofollow&quot;" target="_blank">true odds calculator developed by WinnerOdds</a>. 
 
Check out more tennis betting advice from Nishikori at&nbsp;<a href="https://twitter.com/nishikoripicks" target="_blank">@nishikoripicks</a>. Be sure to explore our&nbsp;<a href="https://www.pinnacle.com/en/betting-articles/">Betting Resources</a>&nbsp;hub for previews and predictions of the biggest tennis tournaments.&nbsp;<a href="https://bit.ly/3sbs8Ec" target="_blank">Sign up&nbsp;</a>at Pinnacle and experience great tennis odds with low margins.

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Nishikori assesses Pinnacle's closing line value and examines four betting models to find the best value in the markets.

How to estimate the true odds in Tennis | Modelling tennis odds

There has been extensive coverage on the Closing Line Value (CLV) in Pinnacle’s Betting Resources as a method to ascertain one's long-term winning potential without placing thousands of bets.