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Tag Archives: odds calculation

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...
Excel screenshot showing the solutions to our odds correction exercise

Oddsportal Archived Odds – Identifying and Correcting 1×2 Odds Errors

As we have mentioned before, one of our favourite sites for collecting historical data is www.oddsportal.com, and in our recent article about the concepts for football betting systems we outlined how to set-up an Oddsportal user account and...

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...
Teacher in an outdoor classroom in Agra, India / Lehrer in einem Klassenzimmer im Freien in Agra, Indien

How is Overround Calculated and what are the Benefits of Removing it from the Betting Odds?

Simply put, overround is the bookmaker’s profit margin. Overround percentages vary and usually average between 4 and 7%, depending on the bookmaker. Although bookmaker odds do not always fully represent the ‘true’ (expected)...

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...

True Odds & Value Detector: International Club Competitions (with no head-to-head history)

This spreadsheet contains the calculations for international club tournaments between teams with no head-to-head history, applicable for competitions such as the UEFA Champions League, Europa League, or even the South American Copa Libertadores. International...

True Odds & Value Detector: League Games with H2H History

In conjunction with our regular match previews published in the German Betfair blog we are pleased to present our league match with head-to-head history ‘Value’ bet detector spreadsheet. League Games with H2H History Price: £29.90 WITH...
Stressed-out man being interviewed / Gestresster Mann im Interview

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...
Cheerful soccer fan girl devoted to Germany / Frohsinniges Fußball-Fan-Mädchen Deutschland gewidmet

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...
Man and woman heads shown as percent sign / Köpfe von Mann und Frau dargestellt als Prozentzeichen

Are Odds at Betting Exchanges Always Better than with Bookmakers?

The answer to this question is unequivocally YES and only in rare or extenuating circumstances are odds in betting exchanges priced less than with a bookmaker. The reason is simple: If the ‘back’ price for an event with a bookmaker...