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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...
Bookmakers/ Bookies – What are Bookmakers?
A collection of definitions and explanations of “bookmakers” and “bookies” as found in dictionaries, encyclopedias and web sites.
Dictionary definitions of bookmakers
ldoceonline.com (Longman): book‧mak‧er also bookie (informal)
Someone...
Choosing the Right Staking Plan
If you have investigated staking plans to any degree then you will certainly have already heard of various different strategies such as Martingale, D’alembert, Fibonacci, Parlay, Kelly, Square Root, Labouchere, Retirement, etc.
You should...
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)...
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.
The...
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.
Our bet selections are always based on true...
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...
Sharp Betting: Sports Betting as a Permanent Source of Income
Fortune Favours the Educated:
There are only three guaranteed ways of making regular, long-term profits from betting:
Arbitrage
Trading
(Both requiring large numbers of transactions for a steady drip-feed)
‘Sharp’ or ‘Value’...
What Does ‘Form’ Mean in Football?
Please Discuss…
Now and again Soccerwidow receives enquiries as to whether we consider ‘form’ in our match analyses and value bet recommendations.
The reader will have to excuse our increasing ignorance of the concept of ‘form’...
What is a Bet? How to Calculate Mathematical Advantage?
It is difficult to believe but, there are plenty of people around who have little idea exactly what a bet is or what is meant whenever I mention being interested in betting or the fact that I run a Web site about online football betting.
Obviously...
