Tag Archives: betting maths
What is the Ideal Sample Size for Accurate Predictions?
A common problem faced by data analysts is to decide upon the required sample size.
This can be estimated by using various calculations and distribution functions. However, even if a statistician is readily available, the answer is not necessarily...
1×2 Full-Time Table of Records – Value Bet Detector with H2H history
The 1×2 Full-Time table of records is a compilation of HDA data from 417 completed Value Bet Detector spreadsheets from 24 countries around the world. (League games with H2H history).
Price: £12.50
(ex VAT; see below)
0% VAT to UK customers
0%...
Correct Assignment of Football Data to Levels of Measurement
In statistics, information is collected using qualitative or quantitative data. The collected data is then organised using scales or levels in order to classify the data correctly because not every set of data is of equal value and can be analysed...
Choosing the Right Staking Plan
If you have investigated staking plans to any degree then you will certainly have already heard of various different strategies such as Martingale, D’alembert, Fibonacci, Parlay, Kelly, Square Root, Labouchere, Retirement, etc.
You should...
How is Overround Calculated and what are the Benefits of Removing it from the Betting Odds?
Simply put, overround is the bookmaker’s profit margin. Overround percentages vary and usually average between 4 and 7%, depending on the bookmaker.
Although bookmaker odds do not always fully represent the ‘true’ (expected)...
When to Back Instead of Lay Betting: Asian Handicap; Double Chance; Dutching…
This article explores the alternatives to laying at the betting exchanges in order to bet against a result.
Every bettor should try to optimise the financial return from his/her risk, which means finding absolutely the best prices available.
Of...
German Bundesliga 2012-2013: Bottom 2 Automatic Relegation Betting Statistics
In our recent article “Who’s going to win the 50th German Bundesliga title?” we analysed the Meisterschale winning chances of each team taking into consideration the previous 49 seasons’ data.
We now switch attention...
Who’s Going to Win the 50th German Bundesliga Title?
With just under 3 weeks to go until the start of the “Golden Jubilee” Bundesliga season we take a look at the 18 teams in contention for the title and statistically assess their chances of winning the Meisterschale next May.
Defending...
Impact of the ‘Overround’ on Accumulators, Multiple Bets, and Parlays
Betting odds are supposed to reflect the probability (statistical expectation) that a particular event will happen.
Image: Elnur (Shutterstock)
Because bookmakers are profit-making enterprises who offer bets on the market, it is understandable...
Understand Odds: Cup Finals and International Tournaments, played at neutral venues
Both sides of the coin…
The ‘true’, ‘fair’ or ‘zero’ odds are all synonyms for those odds which exactly reflect the statistical expectation of an event. For example, the ‘true’ odds for the...
