Deeper Betting Knowledge Part 1: A Guide to Using Monte Carlo Simulations To Evaluate Tipsters
In these quiet times for sport and betting, it’s an ideal time to look to develop our knowledge and skill sets and as part of that, in this new 2-part series I want to walk you through a series of Monte Carlo simulations we use when evaluating a tipster and just why they are so important.
Many of them have been ported over from other investment worlds and serve to help us make more informed decisions on just which tipsters offer the best chance to make you a profit betting.
The full Advanced Tipster Analytics Guide and the Monte Carlo Simulation outputs for each tipster are available to full SBC members, yet in this 2-part article, I want to outline what they are and how exactly they can help when evaluating a tipster.
The good news is that you DO NOT need to understand any complicated mathematics to benefit from exploring these advanced outputs. Simply follow the easy to understand explanations we give and the context and scores we put the ratings in.