Importance of Statistics in Soccer Betting

Soccer is a very popular sport across many continents. Therefore, the amount of money involved in soccer betting runs into hundreds of millions of dollars. It is but natural for anyone to aspire to win in soccer betting. Though it is impossible to predict with certainty the exact outcome of a particular soccer match, the use of statistics will make the task of assessing the relative strengths of competing teams much easier.

Bookmakers and regular bettors depend on a variety of sources to gather all possible information relating to a soccer game. Irrespective of the source of information, use of statistics to analyze the game and players from various dimensions is inevitable to boost one’s chances of winning in soccer betting.  Statistics enable the bookmaker to maintain balance in betting between different contestants while it helps the bettor to make an informed decision.

Statistics are compiled keeping in view the various factors that influence the outcome of a soccer match. There are social, psychological, environmental, climatic, and physical factors that influence the final result of a soccer game. Previously, it was the bookmakers who called the shots as only they had access to vital information which they tweaked and twisted to confuse the public and profit from it.

However, the increasing usage of the internet, social networking sites, and blogs has created a level playing field.  Online journals, RSS feeds, soccer blogs and websites dedicated to soccer betting carry out statistical analysis and this information is available to both the bettors and bookmakers at almost the same time.

A particular city or stadium, nature of the turf – grass or synthetic, weather conditions, physical fitness and performance record of individual players – these are some of the points on which statistical analysis is generally carried out.  A very good team of players with splendid performance on home ground might turn out be a bunch of losers overseas.

Statistical analysis by gathering information about the outcome of previous matches played on home soil and foreign land will enable one to refrain from betting or placing a bet on the best team. Statistics relating to individual players and their performance record in the previous one year is also very important as the presence or absence of a particular player could make or mar the winning chances of a team.

Ranking and rating systems are two different statistical approaches for predicting the outcomes of football matches. Teams are accorded ranks based on their past performance in ranking system. The team with the highest ranking is presumed to be the strongest and has higher chances of winning in a soccer game.

The demerit of this system is that it only takes into account the average strength of the team and does not factor in the changes in skill sets due to change of players. Rating system takes into account various factors and is continuously updated based on the changing indicators. Poisson distribution, negative binomial distribution, and recursive Bayesian estimation are various statistical methods used to predict results of soccer matches. Confused at the mention of these seemingly Martian terms? Don’t be, you’ll have routine encounters with them once you get into the thick of things as far as statistics are concerned. In fact, once you are adept at using these advanced statistical analyses, you might just turn your mathematical expertise and gaming enthusiasm into a fortune!

Be it a veteran bookmaker or amateur bettor, there is no denying the importance of statistics in soccer betting. Unless the bettor is doing it for fun, it would be utter foolishness to splurge hard-earned money on betting in soccer matches without the aid of statistical analysis.

Importance of Statistics in Soccer Betting
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