SportsInsights.com NBA Square Data Analysis Shows How Numbers Add Up to More Accurate Statistics and Potentially More

Overview of the NBA sports betting market and public betting trends. SportsInsights.com gathers betting statistics from six online sportsbooks and shows readers which side the public is betting and how to profit from it. [PRWEB Nov 8, 2005]

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Tue, November 8th, 2005

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Interesting gambling facts:

  • U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
  • The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
  • People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.