# Archive: Betting Knowledge Subscribe to Betting Knowledge

## 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...

## 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...

## 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 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:...

## 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....

## 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...

## Calculating Odds for League Newcomers is Unpredictable

We often receive queries asking how to calculate odds for league newcomers and why we don’t develop a Value Bet Calculator for league matches involving teams without head-to-head (H2H) history, or their respective last 25 matches being in...

## The Mind of a Problem Gambler

This is Part 2 of my interview with DM, a self-confessed problem gambler… I have to admit that although it was hugely interesting to dive so deep into the mindset of a hardcore gambler, it was also a little harrowing. He undoubtedly considered...

## The Pride of a Problem Gambler

This is Part 3 of our interview with DM, a self-confessed problem gambler… Here, we feel the excitement of watching matches with a bet riding on them, and the growing power and success as the stakes increase; the wins get bigger, but so...