Tag Archives: probabilities
The Challenge of Predicting Individual Events
Why is it so awfully difficult to predict single events accurately, when the synergy of multiple events aggregated together seems far easier to guess?
Many people are able to predict how things will develop in their personal lives over a period...
Soccerwidow’s Value Betting Results: 207 Bets, 07/12/2011 – 31/05/2012
The end of the month has arrived again and after 17 match analyses and 48 more value bet recommendations, it is time for our summary.
May was the first month we published our value bet articles and predictions in both Betfair’s German...
Football Betting Permutations: 5 Cup Finals in 5 Days
Slim chance for the favourites?
It has been a busy week in the world of football with the conclusions of many major tournaments across Europe, including the jewel in the crown, the UEFA Champions League final between Bayern Munich and Chelsea.
Having...
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...
Is Football Betting Safer than Stock Market Trading? A Few Thoughts…
In the German language version of my article, “An observation about stock trading and football betting” a comment was recently received from a keen observer (translated as follows):
“Companies can go bust. Then the entire share...
Soccerwidow’s Value Betting Results: 109 bets, from 07/12/2011 to 31/03/2012
Patience and persistence is paying off. Since December 2011, Soccerwidow has published regular match previews and betting recommendations mostly for English Premier League and German Bundesliga 1 games in the German language Betfair blog.
For...
Soccerwidow’s Value Betting Results: 56 Bets, from 07/12/2011 to 29/02/2012
It is tricky to prove mathematically that betting success is not connected with luck because ‘luck’ is impossible to quantify or express in a formulaic manner.
However, it is possible to show empirically that betting selections chosen entirely...
Manchester United’s Magical Powers of Recovery
On Sunday, 5.2.2012, millions of football fans around the world witnessed Chelsea leading 3:0 at home after 57 minutes. They subsequently went on to gain nothing more than a draw from a position which had looked completely lost for their bitterest...
What is a Bet? How to Calculate Mathematical Advantage?
It is difficult to believe but, there are plenty of people around who have little idea exactly what a bet is or what is meant whenever I mention being interested in betting or the fact that I run a Web site about online football betting.
Obviously...
Calculation of Odds: Probability and Deviation
Calculating odds is a science, and statisticians/analysts, who can do the job competently, receive good annual salaries (GBP 50k-80k; €60k-95k: Quantitative Analyst).
These jobs are paid so well because the results form the backbone of each...
