Okay, don’t freak out if you aren’t some sort of statistics or mathematics geek that is good at crunching down complicated numbers. The stats we are talking about here are basic calculations. No doubt, factors like player efficiency, game trends and issues like suspensions/injuries have an effect on game outcomes. But the other truth is that the effectiveness of any sports betting system, however simple or complicated it is, will more-often-than-not depend on mathematics, just in the same way it does apply to casino games and other forms of betting systems. Here’s a exclusive guide on how to use stats for sports betting, courtesy of MyBookie online sportsbook.
Using Stats in Sports Betting
How Do Statistics Apply in Sports Betting?
Record-keeping: One of the biggest reasons punters lose a lot of money in sportsbetting is that they do not keep a record of the results from their bets. By not tracking your winnnings, losses and the money you spend on any given period of time; you aren’t able to know what’s wrong or right with your betting system, making it difficult for you to have sustained success or efficiency. Also, would be impossible to minimize the losses from your betting endeavors if your money management system, especially in terms of income and expenditure, are not kept in check. A simple assessment of such statistics and basic mathematical calculations would be able to sort this problem for you.
Creating a Betting System: Based on records you keep from your sportsbetting endeavors, as is already explained above, you can discover which betting methods work for your and which ones don’t, and then use that knowledge to create a betting system that encourages repeated winning.
Winning and Losing Probabilities: The other side of statistics entails looking at winning and losing trends and using them to anticipate what will happen in the future. For instance, if a team has played 60 games and won 55 of them, we can use that winning percentage and losing probability from the 55-5 record to predict what will happen in, let’s say, the remaining 10 games of the season for that team. In this example, for instance, the statistics will point to your team winning around 9 of the last 10 games.
Angling Stats from Betting Trends: Sports betting trends such as SU, ATS and Game Totals often come with numbers than can equally be used in handicapping sports bets. For example, if team A has been won 9 of its last 10 games and it is playing Team B that has won just on 1 of its last 10 games, basic statistical logic indicates that the team with 9 wins is more likely to win than the one with 1 win. So, unless there is very strong proof that the team with 1 win is up for a victory, you are better off keeping away from such a risky bet.
Final Betting Remarks
Besides using basic statistics in sports betting, you can stretch you faculties of thinking by trying out other more complicated but well-founded statistic-based betting modules such as Dr. Bob’s football analytics for profitable sports gambling. Of course, using such complex models entail having a good knowledge on math and statistical computations, so ensure that you are eloquently knowledgeable on such areas if you want to encourage profitability in your sportsbetting handicapping activities.
Don’t miss out the Sports Betting General Guide that MyBookie has for you:
Betting Guide 1
- Spread Betting Tips
- Understanding When to Bet Spread Betting vs. Money Lines
- Sports Betting Guide: Spread vs Money Line
- Playing Difference of Point Spread vs. Moneyline Sportsbetting
- Wagering on Moneyline or Straight Up Bets
- Five Questions You Should Ask Yourself When Betting On Sports
- Determining Betting Impact Of Injured Players: Betting Guide
- Betting Non-Marquee Sports NASCAR, Golf, Tennis, WNBA
- What Is Implied Probability In Online Betting?
- All About Sweetheart Teasers The Good, Bad and Ugly
- Introduction To Bankroll-Boosting Pleaser Bets
- Keys To Disciplined And Profitable Betting
- Picking Sexiest Cheerleading Squads in American Sports
- Analysis of Understanding Of Player Props
- Insane Betting Myths That Are Actually True – September 5th Edition
- Insane Betting Myths that are Actually True – September 2 Edition
- Betting On Draws Strategy Explanation
- Betting on Draws
- The Keys To Developing A Winning Mindset
- Key Numbers In Sports Betting
Betting Guide 2
- Non-Marquee Sports With Profits From College and Pro Sports
- Each Way Double Explanation For Doubles and Each-Way Doubles
- Dealing With Sports Betting Losing Streaks
- Round Robin Bets Explained
- Using Trends to Predict Outcomes in Sports Betting
- Reverse Bets Explained
- The Importance of What You Know in Sports Betting
- Understanding the Impact of Downtime in Sports Betting
- Reduced Juice Betting Explained
- How to Optimize Your Selection Process in Sports Betting
- Using Stats, Trends and Other Statistical Betting Tools
- Sportsbetting Guide: Hedge Betting Explained
- Principles of Value Betting
- Sides vs. Totals Debate: Which Should You Be Betting?
- Is Paying for Picks Worth it?
- How to Get Max Value When Betting
- Types of Sports Bettors
- What is Proportional Betting?
- Methods to Improve your Betting Income
- Identifying Profitable Prop Bets
Betting Guide 3
- Most Common Risk Factors in Sports Betting
- Risk Factors that Every Sports Betting Fan Should Keep in Mind
- Using Stats in Sports Betting
- Understanding and Wagering on Prop Bets
- What’s the Difference Between an Oddsmaker and a Bookie?
- What is Point Shaving?
- Identifying When to Stay Away from Betting Favorites
- Most Common Sportsbetting Handicapping Myths
- What Makes a Successful Sports Odds Bettor?
- Are Winning Streaks in Sports Betting Real?
- Most Popular Leagues to Bet On
- Early vs Late: What’s The Best Betting Strategy?
- Sides vs Totals: Where Should You Place Your Bets?
- Win, Lose, or Draw: The Art of Sports Betting
- Gambler’s Fallacy Explained
- Exposing The Gambler’s Fallacy
Betting Guide 4
- The 20 Golden Rules of Betting Against the Spread
- Using Free Bets To Your Advantage
- Choosing An Online Sportsbook: Top 5 Things To Consider
- The Importance of Discipline and Emotional Control in Sports
- Winning Percentage vs Units Won
- Wat is Statistical Handicapping?
- Should You Bet On Your Own Team?
- Sports Betting: Tight vs Loose Wagering Styles
- Perfect Sports Betting Situations To Use Teasers
- Gambling Whose Time Has Come Written
- Advantages of In Play Betting
- Bankroll Money Management
- Online Betting Types You Should Use More Frequently
- Parlay Explained: How to Boost Your Sportsbetting Bankroll
- Sports Betting Questions to Ask at the End of a Streak
- How to Handle the Next Game After a Betting Loss