Subcategories

Odds Wizard v1.95

Posted By: Alexpal
Odds Wizard v1.95

Odds Wizard v1.95 | 1,58 Mb

Odds Wizard is a major software product of Newhaven Software. It generates any kind of performance-based odds for the upcoming games in any league sports, such as soccer, hockey, baseball, American football, rugby, basketball. Program maintains Internet-updateable databases with the past games for 75 soccer leagues of Europe, Asia and America, UEFA Champions League, World Cup 2006, NHL, and NFL. Keeps track of all teams ratings in dynamics. Has built-in sophisticated bet optimizer as a powerful tool. This software performs advanced tournament analysis, and features convenient intuitive user interface.

Uniqueness of Odds Wizard
Algorithms of Odds Wizard are unique, and are based on the most advanced statistical methods, including adaptive regularization of the pseudo-normal solution, integral form of Pascal distribution, etc. There is no other software that can compete successfully with Odds Wizard in prediction strength as so far.

No senseless verdicts
Odds Wizard predicts future events in terms of probabilities of win, draw, loss, etc. It does not make senseless verdicts on who will actually win. Situation resembles quantum mechanics: you can't predict anything surely, but you can compute probability of whatever you want. Then, you compare fair odds (in decimal notation, equal to 1/probability) to the line odds offered by a bookmaker, and decide whether to place stake or not.

Capabilities of Odds Wizard
Odds Wizard's powerful prediction engine is able to compute fixed odds (1 X 2), double-chance odds (1X 12 2X), Asian handicap odds, fixed handicap odds, all totals, and all correct scores with corresponding odds, half/full time odds. It can handle unlimited number of arbitrary leagues with up to 255 teams, and up to 32768 games per league. All supported leagues are easily updated via the Internet connection.

Odds Wizard has been fully integrated with the bet optimizer Stake Wizard 3, decision-making software generating an optimal betting strategy. Using sophisticated probability analysis, it does directly instruct bettor as of what bet structure is preferable, as well as of the specific betting fund distribution. Unlike simple programs based on Kelly criterion, Stake Wizard 3 allows to use a realistic range of bankroll growth, and to specify confidence probability of reaching the target fund.

Odds Wizard has built-in powerful tools, such as "Odds converter", "Performance analysis", and "Tournament analysis".

What is Odds Wizard designed for?
Odds Wizard is designed to help professional bettors to have greater wins, though the bookmakers may also use it to maximize their profits. As a matter of fact, Odds Wizard has been a virtual independent bookmaker providing any kind of odds on the basis of advanced statistical analysis and forecast. Unlike real bookie, it doesn't make costly mistakes. Furthermore, it reveals such mistakes and enables bettor to rely not only on the good luck, but also on the probabilistic laws. Normally, the latter are on the side of a bookmaker as long as one releases correct line odds (lines). In such a case 10-20% of gross amount of stakes make up bookie's profit in the long run. Should the bookie's line odds exceed fair odds generated by Odds Wizard, bettor acquires reliable preconditions to win and bookie to lose.

Odds Wizard may be used in two ways:
1) Set profit margin to 0%, generate fair odds, compare them to the bookie's lines, find occasions when the line odds appear to be greater than fair odds, and place reliable stakes according to the scientific approach provided by the powerful tool Stake Wizard 3.

2) Set profit margin to 10-20%, generate line odds, and open new sportsbook without bookie himself! Serious bookmakers may use Odds Wizard as an advisor, e.g. to correct an average market odds in a direction shown by the program.

See more on developers site.