Tag: Statistical

An Introduction To Statistical Betting

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In this article you’ll learn something you ever wanted to know (and then some!) about how to make smart statistical bets based on how well you understand and interpret information.

And that’s what it’s going to take to win.

Are you a winner? You only need a few things in order to get started: a small stake to begin your initial investment and a willingness to learn. But the number one thing you need to do in order to be successful at betting is this: you need to separate your emotions from your intellect.

We are emotional people and that means that sometimes it’s easy to become anxious about a bet. But statistics is not about emotion. You won’t find emotional quotient in any good odds calculation. While your gut feeling does come into play from time to time, you shouldn’t consider emotions as part of your decision-making. You should use facts, numbers, and cold, hard intellect. That’s going to be the key to an increase in winnings.

You’re not going to win every bet but the more information you take in and the better you become at interpreting it, the more likely you’ll be at knowing whether or not you should place the bet, and for how much, etc.

That’s what statistical betting is all about. It relies on the fact that many people have already done the research to uncover the potential wins and losses on a particular event. Rather than requiring you to do all that work again, statistical betting takes the odds that the bookies offers and interprets it so you can uncover potential gold mines.

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Source by Robert Thatcher

Categories: Sports Betting

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Which is the Better Sports Betting System – Multiple Regressions Or Statistical Anomalies?

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Many people use a sports betting system to put bets down on all sorts of sports, everything from American football to basketball. However, there are two types of systems and knowing which one is better is a big question that many people ask. So, which is better, the multiple regressions or the statistical anomalies?

The fact is that both systems work well under the right circumstances and appeal to different people. Let’s look at the differences between the two first:

• multiple regressions use historical data gathered
• historical data tends to give much more accurate types of results
• neither can let anyone call games with 100% accuracy
• both are affected by unforeseen factors
• the better the data, the better the chances of predicting a sport’s outcome
• multiple regressions use team changes, injuries, losing/winning streaks, past 10 outcomes of games, away/home records for games, win to loss ratios, losses and wins
• statistical anomalies focus on common factor deviations
• statistical anomalies offer advantages that are competitive
• statistical anomalies use conversions, missed points, safeties, injuries, team psyche, weather conditions, public opinion, stadium types and atmospheric conditions in relation to their affects on teams’ and players’ statistics

Whichever sports betting system is used, they can work. However, the multiple regressions one is definitely more accurate. In fact, as many bookies will attest to, winning and losing is based on so many factors that in reality the chances of having a successful bet is about 50-50. If you want to up your chances, using the historical data, combined with the psyche of the teams and players can work wonders if applied cautiously and without high expectations. In addition, by using data gathered yourself for your multiple regressions sports betting system, you can probably increase your winning ability even more.

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Source by Gavin Y. Lightshock