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Frequently Asked Questions – Fundamentals of Sports Betting Course


Here are the most frequent questions asked by our readers and customers about the course. If you can’t find an answer to your particular question, then please free to ask us using the comments section at the bottom of this page. We usually reply within 24 hours.

These FAQ’s refer to the: Fundamentals of Sports Betting: Betting on Over Under ‘X’ Goals course.

Click on the arrows to reveal the answers.

Popular Questions

What’s the point of calculating odds yourself?

This is a very, very popular question and is answered in a dedicated article: Are Betting Odds Worthwhile Calculating? Are Betting Odds Always Fair?

Am I correct in assuming that you don’t use the usual criteria that 98% of ‘hobby punters’ employ when forming their opinions? I mean the last 6 games, the H2H stats, team news, etc.

Are your parameters different from the usual bog-standard criteria?

Yes, absolutely. The gambling industry as a whole relies to a large extent on the ignorance of its customers.

This course is designed to give the reader the essential, fundamental knowledge necessary to understand the bookmaker market.

We teach descriptive statistics and the reader learns how to look at data sets, calculate own probabilities and odds, analyse the market odds on offer, and make informed decisions when predicting football results.

Many false beliefs that the majority of gamblers and fans of football have about betting will be exposed and stripped away.

If team news, injuries, suspensions, recent form, etc. would have any relevance to setting odds how would bookmakers, who publish their prices weeks in advance, stay in business?

Will the course help identify value in-play?

With respect to in-play value the course is very helpful as you can apply the knowledge of calculating probabilities to both the half-time and full-time goals market.

Then you can choose, for example, matches with a high probability to score during the first half. These matches you can back, say Over 2.5 goals before kick-off, and lay them as soon as the first goal has been scored.

We are going to address this in more detail in an article to follow.

Can odds be calculated for Over 1.5 and Over 2.5 using this course?

Yes, the odds for all Over and Under options can be calculated using this course including Total Goals.

The course is about the German Bundesliga. Why not the EPL?

Yes, we are fully aware that the majority of our readers are far more interested in the EPL than the Bundesliga, but the problem is that the average punter is very influenced by his/her opinion and ‘knowledge’ about their own supported league.

It was therefore important to choose a more neutral league for the course, one where gut feelings and emotions are less strong. It had to be a league which is also well known, with plenty of bookmakers offering odds, and at the same time one where the majority of our English speaking audience is unlikely to connect emotionally.

Thus, the Bundesliga it is!

Are the principles and analytical techniques in this course transferable to other European football leagues?

Absolutely! The principles and techniques are transferable to any football league worldwide.

>>> read an excerpt from the book <<<

Product-Related Questions

Is it correct to say that the course is exclusively for the Over/Under Goals market or are the skills learned from it transferable to other bet types, such as 1×2 betting or Asian Handicap?

Yes, that is correct. Fundamentals of Sports Betting – Over/Under ‘X’ Goals is the first of a series of books educating the ‘Fundamentals of Sports Betting’.

There are more topics planned such as ‘Betting on Home, Draw, Away’, ‘Asian Handicap’, or ‘Betting In-Play’, and so on. Of course, it will take a while until all of these books have been written and published, but we reassure you that more course books are on their way.

For the first volume we have chosen the Over/Under goal market because this is the easiest betting market to teach statistics and maths without the need to dive any further into much more advanced formulas and concepts. You will need a basic grounding before moving on to more complex calculations for bet types with multiple options such as 1×2, HT/FT and the Correct Score market.

The course explains everything using European odds. Can I get the course with fractional odds?

Sorry, but we don’t offer the course in any other odds format than European odds.

The majority of calculations are carried out using probabilities (percentages) and these can easily be converted into fractional odds, or any other odds format. See our article here: Understanding Betting Odds – Moneyline, Fractional Odds, Decimal Odds, Hong Kong Odds, IN Odds, MA Odds

The automated Excel file sounds particularly interesting. What exactly is automated?

The tables in the Excel file are fully automated. Just select a team from the list in the ‘Betting Tables’ tab (cells B3 to E3) and every calculation in the workbook will update automatically to those of that team’s stats. How this works exactly and what the numbers mean is explained in greater detail in the course.

Is the course only available as a PDF or can I get a printed version like the one shown on the advert?

The PDF has been professionally optimised for double-sided printing. Just print your book in full-colour with a cover and add a binding of your choice.


Purchase Questions

There is a heading “Value Betting using the Value Calculator”. Does that mean that I will receive the Value Calculator (VC) for free when I buy the course?

You don’t need the Value Calculator to understand the course, therefore the VC is not supplied with the course.

When we refer to the ‘Value Calculator’ we explain how it works and what the calculations mean in terms of Over/Under bets. Of course, the VC also contains a wide range of other bet types such as FT and HT 1×2, Correct Scores, HT/FT, and many more. The goal of the course is to enable the learner to create his/her own Excel application which works for him/her. Empowering learners to think for themselves is one of our ethics.

Having worked through the course you should be able to build a Value Calculator yourself, if your Excel skills are good enough.

If I purchase the course, what else do I get?

The course comes in an electronic format and the bundle includes the course book (PDF) and a Bundesliga cluster table (Excel), which the examples are based upon.

In addition, you will receive for free the very latest Bundesliga table for the current season (valued at £27.50).

Within the course you will find a discount code enabling you to download for free the German Bundesliga sheet in future seasons, meaning that you will always have access to the most current Bundesliga cluster table, forever: it doesn’t matter when you bought the course.

Could you tell me where I can buy the Value Calculator if I can’t build one myself?

Here’s a link to the sales page: True Odds & Value Detector: League Games with H2H History

>>> product specifics <<<

Ordering & Delivery

How can I pay for the course? I have neither a PayPal account nor a credit card.

Details of alternative payment options can be found here: Payment Options. They include Skrill (Moneybookers), Neteller and bank transfer (EFT).

What is the price equivalence in USD?

To find out the exchange rate please follow this link to Google, which gives you the exchange rate of the day.

I live in Hungary; if I understand you correctly, the purchase price is therefore £59.00 * 1.27 = £74.93. Is that right?

Yes, this is correct. Soccerwidow Ltd is obliged in accordance with applicable law to charge Value Added Tax (VAT) on sales of digital products and services to customers within the European Union (EU).

The VAT rate applied to these products and services is based on the location of the customer. See the current EU VAT Rates.

When will my credit card be charged?

Your credit card will be charged at the time your order is placed.

Is it safe to use my credit card on your site?

Yes, it is safe.

For processing orders we use the services of GetDPD which is a fully PCI Compliant Service Provider. During the checkout process you will be offered to choose payment by Paypal or credit card.

If you choose credit card, then the platform integrated with GetDPD is Stripe; here is their security documentation.

Can I cancel my order?

As long as you have not paid there is no order. You can always return to your shopping cart and simply delete any items you don’t wish to see in your shopping cart.

However, once you have paid you will get the product download link delivered immediately to your inbox. As long as you don’t download the course and cluster tables you have a cancellation period of 14 days and the right of a full return. Otherwise, once downloaded, there are no returns for digital content.

If you have made a genuine mistake, it’s worth contacting us to see if you can get a refund. Normally, we will offer an exchange for another product or supply a discount code for future purchases.

How long will it take my order to arrive?

As soon as you have paid you will get the product download link delivered immediately to your inbox.

You will receive an email from GetDPD, our digital delivery partner.

Should your download link not arrive within 10 minutes after purchasing, please check your spam folder. We do sometimes receive reports from our clients that GetDPD emails land there occasionally. You can play it safe and allow within your email program emails with the endings: digitalproductdelivery.com (GetDPD) and soccerwidow.com (us).

‘Allowing’ communications from digitalproductdelivery.com and soccerwidow.com is actually quite important because we do upgrade products from time to time and you certainly don’t want to miss the free download link we will send out to buyers.


Trouble-shooting

When filling out my address details in the shopping cart order form, the field ‘State/Province’ is mandatory. I cannot see states or provinces from my country.

Try pressing the F5 button to refresh your screen. Failing that, clear your cache and refresh again. If the problem persists, please contact us.

I purchased your book but I have not received the download link for the item.

Please check your Spam folder; sometimes our automated emails from GetDPD appear there. If you can’t find it please email to support[at]soccerwidow[dot]com, and we will get it sorted.

My download link has expired. Is a reactivation possible?

The download time limit is set to two weeks from the moment you purchase. The reason being that customers have a cancellation period of 14 days with the right of a full return as long as they haven’t downloaded the product within this period.

Therefore, if you have not downloaded your product, after a period of two weeks has expired you can either apply for a refund or send an email to support[at]soccerwidow[dot]com for a link reactivation.

However, we sometimes get reports that the download link was received straight away but after opening it, a message appears stating that the download is ‘expired’. This is usually a problem associated with your browser. Please clean your cache and press the F5 button to refresh the screen.

Another request we occasionally receive is from buyers who have lost their original product or forgotten to download it, and then many months later wish to reactivate the download link. We are really sorry, but our grace period is 6 months only. After this time a fee of £10 will be charged for us to trace you in the system and manually reactivate the purchase.


Support Questions

I am having trouble at the beginning of the course. I don’t know how to calculate answers to some of the exercises.

Although this is a beginner’s course aimed at people with little odds calculation knowledge and basic Excel skills, it may be quite hard for those who have always found maths quite a challenge at school. Just take your time, read each chapter several times, repeat the practice areas, solve all the exercises, try to understand everything. You will be rewarded with knowledge.

To keep it simple, the course contains no shortcuts. All calculations need to be done manually. Once you master the course and understand everything you will certainly develop a method to make it easier for yourself.

All formulas are given in the course either in the chapter of the exercise, or at the end of the book together with the solutions of the exercises.

If you need help, you are welcome to ask specific questions here on this FAQ page.

Regarding the historical odds you’ve used to calculate the Home/Away quotient – Are these the opening odds of the bookmakers or the odds after adjusting to market conditions?

The course uses football-data.co.uk data. These odds are taken on Friday evenings before the weekend games, and on Monday evenings for the midweek games.

Our approach is to have plenty of time to do all the calculations and make decisions, and totally remove the need to sit in front of the computer just before a game starts. There are loved ones to share time with and lots of other nice things to do than spend time in front of a computer on a Saturday or Sunday morning.

Anyway, if you wish to use opening odds then you would have to adjust the tables accordingly. However, even if the clusters move slightly, there really shouldn’t be too much of a movement because odds don’t change so much that they significantly affect the HO/AO quotient. To play it safe, for fast moving odds you can always use two adjoining clusters when calculating odds.

You describe in the course two different methods to find value bets. Is it true that there are only two options to calculate value? The Value Calculator method and the Cluster Table method?

The course explains two different approaches to find value bets:
(1) Value Calculator
(2) Cluster grouping with HO/AO quotient

In reality, there are many more than just these two methods. However, these two are perfectly adequate, and they both work.

There is nothing wrong with admiring complexity, but solutions should be sought in simplicity. The course provides “simple” answers.

Can I e-mail you with any questions I might have about the course?

Please always ask any questions via the comment functions at the bottom of any article in this blog. You will receive our answer submitted directly to your inbox, with no need for continuous checking. Or see our Contact Us page for more information.

How do I get support?

You can ask questions via the comment functions in any articles on this site. We normally reply within a few hours. The answer will be submitted to your inbox.

In addition, if you subscribe to a post which interests you, then you will also receive questions and replies other readers have posted on the same article, and of course, our replies too.


Ethical Questions

How much do you earn based on your theories? Do you have any statistics for your betting history?

We simply don’t have any ‘theories’. We educate the public about bookmaker maths – bookmakers certainly don’t grow their businesses based purely on ‘theories’.

Regarding how much we earn: Sorry to disappoint, but we don’t like to brag about our personal successes – there are far too many websites already blinding their readers with such information. However, we have published results of our past value betting exploits located in our match preview archive. Here you will find plenty of articles with previews, maths and statistics, and this particular article is also worth pointing out:

Soccerwidow’s Value Betting Results: 274 Bets, from 07/12/2011 to 30/06/2012

2011-12 was a time when we were writing match previews for Betfair Germany based on our ‘theories’. Unfortunately for our growing band of followers Betfair withdrew from the German market in October 2012, and our match previews stopped. Why?

Because we lost our client (Betfair) who paid us for match previews.

Why didn’t we just simply continue publishing match previews on Soccerwidow?

Time limitations, mainly. Writing a single match preview, including all the necessary calculations, takes up to 6 hours. People love reading match previews but they are somewhat reluctant to pay for them…

I keep asking myself if your ‘system’ works so well, why don’t you earn your own money with it instead of selling it?

This is a question that probably interests many readers and it appears in the blog every now and then.

Firstly, the course is not a ‘system’. It is a ‘simple’ maths book (at least for us). A little statistics, a little probability theory, a little about standard deviations, etc. This is what odds compilers do in their sleep when they calculate their odds.

Secondly, there are enough people who teach financial analysis without ever trading professionally in shares. If every professionally trained person would trade, then there wouldn’t be any teachers. And if nobody wanted to teach, what then?

Thirdly, a day has only 24 hours and we too sometimes have to sleep. We run two websites (Soccerwidow and Fussballwitwe). Running these blogs takes an enormous amount of time. Everybody has to make a decision what they want to do in life… We run websites, write courses and develop betting tools. When we have time, we occasionally place a bet or two, but that’s our personal business – betting itself is purely a hobby for us.

In the betting business, in order to win, somebody must lose. Do you consider the moral side of betting, or is it just a numbers game?

The moral side is a very good question…

The intention of this blog is to educate people about gambling. Indeed, to teach them everything they need to know about gambling because our strong belief is that the more educated people are, the more informed decisions they will make.

We truly believe that people who buy our products and read our articles will eventually follow one of two paths:

(1) they will become far more successful punters (winners) than they were, or
(2) they will reduce their betting habit or stop it altogether. There are many qualities required to be a successful bettor and unfortunately, not everyone has them or can/will ever attain them.

If we can point you down either road then this is the achievement we are looking for. It’s our own way of fighting gambling addiction; we help people to better themselves and succeed, or to face facts and shed their habit to save money and free time for family and friends.

>>> buy the ebook <<<




learn to think like a bookmaker!
deciphering bookmaker mathematics

Last Update: 20 December 2016

Categories:Learning Centre Money Management Odds Calculation Value Betting Academy



20 Responses to “Frequently Asked Questions – Fundamentals of Sports Betting Course”

  1. Liu
    21 July 2016 at 2:28 pm #

    Does this book has a excel for fair odds calculate with no H2H ?

  2. Soccerwidow
    21 July 2016 at 3:30 pm #

    Hi Liu,

    Like the old course the new edition contains cluster tables for calculating teams which have played in the league for the previous five seasons. In addition, we explain how to calculate games with teams who have played just two seasons in the league (at least 25 consecutive matches), but then H2H (6 games from the last 10 years) is required as correction factor.

    The cluster tables do not require H2H history, but I stress that the teams must have played in the last five seasons in the same league.

    With these two calculation methods you will be able to calculate approximately 80% of all games in a single league in a season. It’s only the newcomers to the league who do not fit the criteria.

    But to calculate matches for newcomers is very difficult and produces unreliable results.

    The course already extends 169 pages and if we would have tried to include how to calculate odds for newcomers, this would certainly have added another 50 pages.

    You may find more information here: Product Specifics

    • Liu
      21 July 2016 at 3:55 pm #

      I want to know how the bookmakers calculate, if not, it’s of no value to me!

      • Soccerwidow
        21 July 2016 at 6:11 pm #

        You will learn how the bookmakers calculate, just not for the newcomers to a league.

  3. Lee
    21 July 2016 at 5:52 pm #

    I’m stuck straight away, I’ve downloaded the data Bundesliga data from football-data.co.uk as explained on page 19.

    However the data doesn’t actually have total goals? It has home goals and away goals, so I have created a new column to add both to get total goals per game.

    However you offer no explanation on how to count total goals per game / per season?

    • Soccerwidow
      21 July 2016 at 5:59 pm #

      Hi Lee,

      Counting goals is done via the COUNTIF formula in Excel.

      For example, if you want to count the number of games with 2 goals then you use following formula:

      =COUNTIF(I9:I1538,2)

      The cells “I9″ and I1538” refer to the Bundesliga cluster table, the ‘data’ tab. You will have to replace this cells with your own.

      Let me know how you get on.
      All the best,
      Soccerwidow

      • Lee
        21 July 2016 at 6:13 pm #

        Hi,

        Thanks I actually worked this out after sending you the question 🙂

        Annoying that when copying formulas it changes the cell reference so I have to keep going into each individual formula cell and changing the reference cells range. Any easy/quick way round this?

        Regards
        Lee

  4. Lee
    21 July 2016 at 6:25 pm #

    Not to worry got it, $ dollar signs. either side of cell ref

    ie =COUNTIF(‘14.15’.$G$2:$G$307,3)

    I may be back 🙂

    Regards
    Lee

    • Soccerwidow
      21 July 2016 at 6:40 pm #

      Well done!
      There are more challenges ahead. 🙂

  5. Paolo
    21 July 2016 at 8:59 pm #

    Hi…I’ve bought the Fundamentals of Sports Betting Course….A question: what do you think… You see a team play fine… but the personnel in that team could change and they could also change the way they play every season.. What about this?

    • Soccerwidow
      21 July 2016 at 10:11 pm #

      Hi Paolo, yes, of course teams change…

      For example, a fundamental change, like what happened to Manchester United a few years ago after Sir Alex Ferguson left. But even with big changes like this at single clubs, the synergy of the league doesn’t change much. (Unless the league format is altered from one season to the next).

      To be successful you have to play portfolios, rather than single teams. You will understand this all yourself once you have worked through the course.

  6. JC
    19 November 2016 at 4:39 pm #

    Hi, I bought the course last month. I got a question, how do you get the percentage of 27.84% for 0 goal in 2010-11? Page 18.

    Regards
    JC

    • Soccerwidow
      20 November 2016 at 12:51 pm #

      Hi JC, it’s 5.4 (the absolute deviation for 0 goals in 2010-11) divided by 19.4 (average matches with 0 goals for the whole league).

      You’ve got the Excel spreadsheet which comes with the course. You’ll find most of the screenshots (and underlying formulas) there. This particular screenshot is from the “Goal Distribution” – tab, 4th table on the top to the right.

      Happy learning! 🙂
      Soccerwidow

  7. Simon
    15 December 2016 at 12:18 pm #

    Hi,

    I recently purchased the over/under goals course, which I have found very very useful. At present I am working through the course and have reached the section related to Bundesliga cluster tables – which I am trying to understand all the values related to the calculations.

    There is one point now where I seem to be stuck. There is a formula in the sheet as follows, say for the team playing at home, which relates to the average home odds for each quartile:

    =LOOKUP(V6,Data!$N$9:$N$1538,Data!$S$9:$S$1538)

    I can follow the formula but when I look in the data table for the values corresponding to “S” it shows me a blank column. Could you please tell me what value “s” corresponds to?

    Also I read in an article on the website that it is possible to obtain a password to unlock the data sheets. Could I have that please?

    Once again, great course. Love it so far and am really looking forward to continue with the learning.

    Simon

    • Soccerwidow
      15 December 2016 at 2:00 pm #

      The syntax for the LOOKUP function in Microsoft Excel is:

      LOOKUP( value, lookup_range, [result_range] )

      Even if it Excel help says that the result_range is optional, if you don’t put anything in, the formula doesn’t deliver the correct results. The way around this bug is, to have a result_range but leave it blank, without data.

      Regarding the passwords for unlocking the sheets, please look in the “Legal” tab.

  8. simon
    13 February 2017 at 2:44 pm #

    Hello,

    I have a question about the betting table part of the spreadsheet that accompanies the course. Hope you can point me in the right direction. I have been following the process i.e looking for the match odds for a particular game, dividing average home odds by away odds to get the quotient, and then looking for that quotient in the home team chart and then the away team chart.

    Sometimes, not very often, I have noticed that when finding which quartile the quotient lies in, the corresponding odds range is such that the game odds for one team does not fall in that range.

    For example, if home odds were 1.23 and away odds 12.16, home/away gives a quotient of 0.1. It could then be, for arguments sake, that the corresponding game odds for that quartile (in the column to the right of the quotient values) shows as 1.31 – 1.39. I can’t figure out why the actual odds and the corresponding odds range doesn’t match.

    Does this actually matter when it comes to taking the percentage/odds values for the over/under goals? If so, does it relate to the time when I check the odds with somewhere like odds portal? I mainly look at the big Euro leagues i.e EPL, Bundesliga, La Liga and check the odds and do the analysis 5-7 days before the games take place.

    Not sure if using opening odds is ok, somewhere in between, or whether I need to wait right up until kick off for the most accuracy.

    Thanks.

  9. simon
    13 February 2017 at 4:25 pm #

    I may have solved the above problem.

    As I say I use oddsportal for ease of reference for checking odds and when following the course I may have overlooked the fact that HO/AO needs to be done using highest bookmaker odds. I think I got confused as I noticed the screenshot in 5.2 of the course for the bookmaker odds is the screen (or extremely similar) from oddsportal showing the average odds. I just took odds from that in my own testing…so this is where I amy have gone wrong.

    Would I be correct in saying highest bookmaker odds need to be used to get the HO/AO quotient?

    When I subsitituted the highest for average in my example above, everything aligned ok.

    • Soccerwidow
      15 February 2017 at 3:41 pm #

      Hi Simon,

      the Cluster Tables are using the highest bookmaker odds from the evening before the kick-off. In the course, however, I sometimes use average bookmaker odds for calculations especially if I like to make a point and show how close it is possible to predict the odds, or other points.

      Each screenshot/picture has a caption where I state if the screenshot is ‘highest’ or ‘average’ odds.

  10. simon
    16 February 2017 at 4:12 pm #

    Thanks for the reply.

    In terms of best time to use the cluster tables to compare numbers against the available odds is it always best to perform the calculations the night before the games i.e using the odds where they end up.

    Or is it feasible to perform the calculations at anytime in the week preceeding a game?

    Just wondering how to make most effective use of the cluster tables. I’m thinking with wanting to look at multiple leagues, I will need to do the calculations over a number of days.

    • Soccerwidow
      18 February 2017 at 10:20 am #

      Odds hardly change before the day of kick off. They start getting crazy once the team news are published what is often just a few hours before the match. Once the news are published the emotions of the punters start playing wild and bookmakers adjust odds to make the most of it.

      Therefore, you can perform the calculations at any time during the week preceding the game and then for example use your knowledge for trading in the hours before kick off. It really depends what type of betting you are most interested in.

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