# Tag Archives: odds calculation

## 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:...

## 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...

## 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...

## 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: Download Historical Football Data and Sort for Functionality in Excel

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...

## 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...

## 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...