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Archive: Page 9

Man with calculator sunk into a heap of paper / Mann mit Taschenrechner versenkt in einem Papierhaufen

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...
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...

Betting Odds Converter – Fractional, Decimal, Moneyline, Hong Kong, Indonesian, and Malay

Quick Odds Converter to switch odds between US, decimal, fractional, percentage, Hong Kong, Indonesian, and Malay formats – converts odds into their implied probabilities and net returns, and vice versa – converts probabilities and...
Alexa Logo

Alexa Rank, Visitor Count & Country Popularity – Accuracy Problem

What is Alexa Ranking? How Important is it? In order to compare websites and evaluate their popularity there are several tools on the Internet which generate comparison information. One of the most well-known is Alexa Rank. Alexa is a subsidiary...
Soccer ball on cell phone; broken glass mobile phone / Fußball bricht durchs Handy; viele Glasscherben

Website Traffic Report: Soccerwidow / Fussballwitwe – October 2013

It is not just website owners who are interested in how their site performs or how much traffic their website receives. Concrete information about website traffic, visitor numbers, and page views is also particularly interesting for agencies...

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...
Full House Jacks and Queens

Using Poker Odds Calculators and Moving Beyond Psychology

Being a success at the poker table takes a dash of luck, a smattering of psychology and a solid understanding of statistics. Since the growth of online poker caused the average IQ of poker players to increase dramatically it has become even...
Suspended business woman clutching calculator / Hängende Businessfrau umklammert Taschenrechner

How Bookmakers’ Odds Match Public Opinion

A question we often receive from readers is why the Value Bet Detector requires 10 years’ head-to-head (H2H) data and why it is optimised to address matches where there has been a minimum of six H2H meetings in this time frame. Image:...
Filling in a football betting coupon / Hand beim Ausfüllen eines Fußballwettscheins

The Birth of a Problem Gambler

I recently caught up with an old friend of ours who used to passionately follow EPL football and bet on matches hoping to make a fortune. He staked ‘real’ money. Sometimes a lot of it! We had a great chat, which he allowed me to record....
Lay Draw EPL 2008-09 to 2011-12

1×2 Betting System: Analysis of HDA Data and Strategy Development – LAY THE DRAW

Numerous Web sites and forums pay homage to the Lay The Draw strategy with prolific threads from supporters claiming to have found extremely lucrative 1×2 betting systems. Therefore, I have decided to explore lay the draw betting in detail...