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High variance in betting refers to a high level of risk associated with a particular bet.
Neither high variance nor low variance is inherently more profitable in sports betting.
I conducted a Mug Betting Experiment, where I bet on every Premier League fixture and based my selections on my own opinion.
It's about consistently hitting on value, full stop.
Bettors should set aside a specific amount of money for betting and only bet a small percentage of their bankroll on each individual bet.
This reduces the impact of losing streaks or unlucky outcomes on your overall bankroll.
Utilising multiple betting strategies: Instead of relying on a single betting strategy, bettors can use multiple strategies to minimise the impact of variance.
This phenomenon is inescapable and emphasises the importance of analysing large data sets to make fair, rational judgements.
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India Creates New Regulations To Curb Fake Reviews Online
On Monday India launched a crackdown against fake reviews and unverified ratings in a bid to make the online world and e-commerce more authentic and less misleading for users.
The Indian government has released a set of guidelines for companies from Alphabet's Google, Meta Platform's Facebook and Instagram, and Amazon to travel sites and food delivery apps that depend on reviews to validate products and services.
Read more: Indian Minister Reports Rising Use Of Crypto In Drug Smuggling
The new framework will begin with voluntary changes and moderations. It will then progress to mandatory requirements if the growth of fake reviews continues, reported TechCrunch. This comes over a year after New Delhi proposed tougher e-commerce rules to restrict false reviews and overall address "widespread cheating" complaints.
The government guidelines aim to limit fake reviews on online platforms that will come into force from November 25. The Department of Consumer Affairs has created a standard titled "IS 19000:2022" that will be managed by the nation's standards body Bureau of Indian Standards (BIS).
Under the guidelines, platforms will be required to set up review administrators to moderate reviews using automated tools or manually to filter out biases and restrict fraudulent reviews. The reviews should also include the publishing date and star rating, the framework said.
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An ace gives you a good chance of making 21 with a hit.
When a dealer has a seven, eight or nine card it is impossible for them to make a blackjack, so your chances increase.
If the dealer's card is a four, five or six it is vital you do not bust.
Upon doubling down, one additional card must be drawn.
7% chance of hitting another 10-value card and therefore making a high hand.
If you choose to split, your cards will be split into two standards hands as you match the original bet with a second wager, meaning you now have the chance to double your winnings, and alternatively, your losses.
For pairs of twos or threes, split when the dealer has a card between two and seven, but if not, it is best to hit.
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