Uploaded August 2014 | Updated September 2026, 2 hours ago

So I went to the Science Fair...

Music:
'You Will Leave a Mark' by A Silent Film,
'Antlers' by Apparatjik

(P.S. Please let us know if you were in the video. Cheers.)

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$How Bookmakers Make Money We look at how bookmakers set their odds so that they would make money off the bettors. A bit more on decimal and fractional odds: https://support.skybet.com/app/answers/detail/a_id/37/~/fraction-and-decimal-pricing If youre too lazy to watch the whole thing, you can go to; - 0:00 for dice analogy (introduction), - 1:53 for dice analogy (trying to make money), - 3:08 for dice analogy (adjusting odds), - 7:12 for start on part about bookmakers, - 9:20 for implied probability and over-rounding, and - 13:25 for why bookmakers have to adjust odds. Sources I used: https://en.wikipedia.org/wiki/Mathematics_of_bookmaking http://www.pinnacle.com/en/betting-articles/educational/how-bookmakers-make-money http://www.oddsportal.com (where I took sports odds from) http://www.mirror.co.uk/sport/row-zed/how-odds-leicester-winning-premier-7736523 https://en.wikipedia.org/wiki/2015%E2%80%9316_Leicester_City_F.C._season$

Classical Mechanics: 12 Classes, Episode 1

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