Predicting the outcome of football matches and making profitable bets is immensely difficult even for the most experienced bettors. The world of football is rife with uncertainty, noise, and numerous …
Are you attempting to create your own successful betting strategy? Be prepared to overcome various obstacles that can impede your progress and decrease your chances of success. While there is …
I had the opportunity to contribute to the Trademate Sports ‘Industry Experts’ blog series, where I tackled a crucial issue that plagues many sports bettors: how do you distinguish between …
One key concept in sports trading is the Weight of Money (WoM), which refers to the balance in the amount of money being traded on a particular market. The Weight …
Sports betting has its ups and downs, so it’s important to understand the concept of variance and how it can affect your results. Variance refers to the degree of uncertainty …
Football is a game where all goals are valued equally at 1, but not all attempts on goal are equally likely to result in a goal. Basic statistics like ‘shots …
A gut feeling is a reflection of your intuition and is usually based on past experiences and knowledge. However, it’s not a reliable source of information, and hence should not …
The term “hindsight bias” refers to the tendency of viewing past events as more predictable than they really were. For example, many sports believe that they knew the outcome of …
Some horse racing bettors take a keen interest in the pedigree of horses as this can provide an insight to likely race winners. Most often these bettors are looking to …
A Mug Bet is simply betting without any advantage or ‘edge’. The vast majority of sports bettors can be classified as “Mug Bettors” or “Mugs” for short, as harsh as …
The Strike Rate is a term used to quantify, in terms of frequency, the amount a system, tipster or bettor wins. Here’s everything you need to know what the Strike …
Are you trying to predict football matches? It’s pretty hard, right? Analysing statistics is a great starting point. But football, more so than most other sports, has so many different …
Casual sports bettors enjoy the heightened level of excitement that comes with placing wagers on their favourite sporting events. But what chance of success do they really have? What statistical …
Extreme weather heavily impacts the going. It complicates — and potentially ruins — racedays for everyone involved. Yet in less extreme cases the weather may prove to be a useful …
Sample size, in a sports betting context, refers to the amount of data items you base your analyses around. Short-term results from a small (and insignificant) sample do not say …
Luck plays a huge part in sport. But there’s only so far good fortune will carry a football team over the long-run. In time, weak teams will be found out …
I’ve written several posts that encourage readers to analyse past data in order to identify trends (see football prediction models). Data analysis is, of course, a fundamental skill if you’re looking …
