Tag Archives: tutorials
How to Calculate Average Odds in Football Betting
Sometimes it is necessary to figure out the average odds from a set of betting odds which can then be used as the basis for further calculations. For example, computing deviation and variance.
When using odds in European format (decimal) you...
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...
Video Tutorial: How to Input Best Market Odds into the True Odds Calculator
This is the last in our series of video tutorials regarding the filling-in of data into the True Odds and Value Bet Calculator Excel spreadsheet.
Here you will learn the input process of market odds from sites such as www.betfair.com into the...
Video Tutorial: Input Historical Football Data and H2H Results into Value Bet Detector
Our darling Soccerwidow is at it again with another eastern European rendition in our series of video tutorials showing you how to input historical football data into the Value Bet Detector for league games with head-to-head history.
Enjoy the...
Video Tutorial: Download Historical Football Data and Sort for Functionality in Excel
We are often asked for advice and shortcuts on how speed up the process of filling-in data in our various Value Bet Detectors such as the League Matches with Head-to-Head History spreadsheet.
Here is our very own Soccerwidow with some Excel...
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...
Bookmakers/ Bookies – What are Bookmakers?
A collection of definitions and explanations of “bookmakers” and “bookies” as found in dictionaries, encyclopedias and web sites.
Dictionary definitions of bookmakers
ldoceonline.com (Longman): book‧mak‧er also bookie (informal)
Someone...
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...
