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Tag Archives: tutorials-en

Conceptual image of 1x2 football betting / Konzeptionelles Bild 1x2 Fußball-Wetten

1×2 Football Betting – How to Compile a Winning Portfolio

This article moves away from betting on individual teams, and pushes strategic thinking further up the knowledge ladder. The method described below explains how to use our HDA simulation tables for recognising profitable 1×2 betting strategies...
Woman holding bank notes close to her face with a calculator and bills in the background / Frau hält Banknoten an ihr Gesicht mit Taschenrechner und Rechnungen im Hintergrund

The Gambler’s Ruin Explained – Fair Coin Flipping

One of the phenomenons of probability is Gambler’s Ruin. The most common meaning is that a gambler with finite wealth, playing a fair game (that is, each bet has expected zero value to both sides) will eventually go broke against an opponent...
Red pen on a calculator beside a piggy bank - save on costs, expenses, and budget / Roter Stift auf einem Taschenrechner neben einem Sparschwein - Kosten sparen und Ausgaben reduzieren

Arbitrage between Bookmakers and Cross Market Arbitrage

(1) Arbitrage between Two Bookmakers in One Betting Market This is the classic form of sports arbitrage (sure bets) in football betting. The arbitrage opportunity relies on at least two bookmakers evaluating the same event differently, each...
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’,...
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...

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...
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...