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Keep shoppingGambling Foundations and Beyond
65 students
Gambling Foundations and Beyond
Master the essential foundations of gambling, to develop confidence when working with Odds, Probability and RTP.
Created byDean Shaddick
Last updated 12/2025
English
English [Auto],
What you'll learn
- Why Betting Odds are used and how they relate to Probability.
- The important concept of RTP in gambling and how to apply it.
- How Odds, Probability and RTP connect beatuifully via a powerful but simple to use working framework
- Understand how the House makes its edge.
- To be aware of the important factors that can affect RTP
Explore related topics
Course content
12 sections • 27 lectures • 1h 26m total length
Requirements
- No previous experience necessary. You will learn everything you to need to here.
Description
An easy to follow course to understand the fundamental concepts of gambling in around 1 hour.
This course is designed to take a relaxed but informative look at the very heart of gambling, to understand the core concepts that underpin literally all popular gambling games.
Specifically we´ll look at
1. The Odds - A natural place to start, to understand what they are, why they´re used and some of the different styles used around the world.
2. Probability - Which is related to the odds and is what the casino / sportsbook use to calculate the market odds.
3. RTP - Where the casino / sports controls it´s expected House Edge.
4. A Working Framework - that´s super easy to use. To enable you to navigate between the fundementals and understand how these important concepts relate.
We´ll apply these principles to games such as dice and Roulette to help you understand the full life cycle in the production of game odds.
By the end of this course you will have developed confidence to move seemlessy between the odds, probability, over round and RTP using the simlple but very powerful framework.
This will empower you to not only know but to understand the numbers behind the games, which is essential knowledge for workers in the igaming / gambling sector.
Who this course is for:
- People working or looking to work in the gambling industry, who want to have a really thorough knowledge of the fundamentals. Also anyone curious about the principles of gambling.