Using Stats in Sports Betting

Posted by Joe Solari on Thursday,March 24, 2016 5:00, EST in

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.