Tag Archives: tutorials

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...
A pile of white dice / Haufen weißer Würfel

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...
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

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...
Man with fork and money on the dish / Mann mit Gabel und Geld auf dem Teller

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...

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...
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...