## Bookmaker’s Margin in Multiple Bets

In the previous post we explained how to calculate the Bookmaker’s Margin for a single bet. Now, we are going …

In the previous post we explained how to calculate the Bookmaker’s Margin for a single bet. Now, we are going …

One of the advantages of R is the data manipulation process using the dplyr library. It has a fast, easy …

Calculate Bookmaker’s Margin Betting companies are making a great profit due to their margins, which means that the gambler is …

The Exponential Distribution is the probability distribution of the time between events in a Poisson point process, i.e., a process …

A “special” data structure in R is the “factors”. We are going to provide some examples of how we can …

The Poisson distribution is a discrete probability distribution that expresses the probability of a given number of events occurring in …

This post is about how to run a classification algorithm and more specifically a logistic regression of a “Ham or …

Read morePySpark: Logistic Regression with TF-IDF on N-Grams

For Data Science positions, the interviewers use to ask questions about probabilities which require some knowledge of statistics. Today, we …

Read moreBinomial Distribution: Min Number of Shots Needed to Score at Least Once

Most of us have noticed the “Facebook Rainbow Filter”. This is an example of “Blending Images” where we have the …

In hiring process of Data Scientists positions, it is quite common to include some interview questions about probabilities. This post …