On Wednesday night, Rangers host Dundee at Ibrox Stadium, as the home side look to keep alive their slim hopes of catching bitter rivals and reigning Celtic at the top of the table.

The Labouchère system is used mainly in Roulette and has to be applied to even money Roulette propositions such as Red/Black, Even/Odd etcetera. The system can also be used for football predictions, if you bet on odds equal to 2.00.

Firstly, we need to determine our betting bank and the exact winnings that we want to accomplish. Then, we have to write a sequence of integers (“the Labouchère sequence”) whose total sum is the winnings that we want to try to achieve. The sequence can be of any length, such as 1,2,3,4 or 1,3,4,5,6,7,8.

The Fibonacci betting systems is one of those systems which are named after the discoverer of the mathematical dependency.
Leonardo Fibonacci was an Italian mathematician, one of the most talented mathematicians of the Middle Ages. He contributed greatly to the rebirth of mathematics. In his most famous work - " Book of Calculation" Fibonacci uses the Hindu-Arabic numeral system as an example. This number sequence was later named after him ("Fibonacci numbers"), but this is not actually his discovery. Fibonacci learned of this sequence in the countries in the East and popularized it. The Fibonacci numbers are in their nature a series of numbers, each of which is obtained as the sum of the previous two. (1, 1, 2, 3, 5, 8, 13, 21, 34, ...).

Jean-Baptiste le Rond d'Alembert was a French mathematician, physicist and philosopher.
The forebet team noticed some wrong interpretations of the D’Alembert strategy published on the Internet. So, we decided to include this betting strategy, named after this great mathematician.

The D’Alembert system is simply to decrease the bet when you win and increase it when you lose. This system leads us to the thought of the well-known “gambler's fallacy”, which is the belief that if deviations from expected behavior are observed in repeated independent trials of some random process, future deviations in the opposite direction are then more likely. Simply put, a “gambler's fallacy” is to think that it is more likely to win, after a series consecutive losses.

Considered by many a good and successful betting strategy, the Martingale has put a lot of people into a rather uncomfortable position. The forebet team believes that the Martingale strategy is misunderstood and it is not advisable to use it.

If you follow this strategy you will have to double your bet after every loss so that the first win would recover all previous losses plus win a profit equal to the original stake. After the first winning bet you continue with bets equal to the last one. We have to point out that this strategy is mathematically correct if the bookmaker`s odd on which you are planning to place your bet must be at least 2.00.

A bet has a "value" if you think that the bookmakers odds are set at a level, at which the reward outweighs the risk. To check whether a bet has a "value" you must do the following:

In probability theory, the Kelly criterion is a formula used to determine the optimal size of series of bets.