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Football Betting Odds Calculation Course – How to Calculate Odds – Over / Under ‘X’ Goals

Please note that this is an archived post. Here, we describe the 1st edition of our Over/Under ‘X’ Goals Betting Course. We decided not to remove this post from the site because of the many questions and answers in the comments section....
Percent cubes, 3D image / Prozent-Würfel, 3D-Bild

Probability, Expectation, Hit Rate, Value, Mathematical Advantage: Explained

Introduction The terms probability, expectation, likelihood, chance and hit rate are all closely related, and express more or less the same thing. The difference is that before a game one talks about ‘chance’, ‘probability’,...
Traditional bookmakers betting shop / Traditioneller Buchmacher Wettshop

Value Betting versus Gut Feeling

Surprisingly, it seems that there are many sports bettors who make their selections in much the same fashion as the multitude of people who select random numbers on their weekly lottery slips. Whilst the lottery player may opt for personal numbers...
Woman on rolling Euro carpet / Frau auf einem ausgerollten Euro-Teppich

What is a Bet? What are Odds? What is a Stake?

The only one of these terms which is obviously straightforward is ‘Bet’, and I am sure all of you understand what a bet is. Even the term ‘Stake’, at least so long as it is money related, is easily understandable. Whatever level your...
A pile of white dice / Haufen weißer Würfel

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). The data set represents a statistically significant...
How to Input Odds Video Screenshot

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...
Screenshot from the Value Bet Calculator video tutorial how to input historical match and H2H data

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 on how to download data spreadsheets from football-data.co.uk and sort them for functionality

Video Tutorial: Download Historical Football Data and Sort for Functionality in Excel 2003

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...