You do not have to be mathematical and statistical expertise to improve the probability of your sports bets and win money.
With just a few basic calculations, strategies, and organized research, you can more effectively forecast the results of sporting events to win your bets. If you are interested in improving your betting performance, read on to learn more. Also, visit this site to take a bonus to a bet https://22bet.ng/bonus/rules/
Statistics or probability in sports betting
There is no doubt that the forecasts of sports pages on the Internet, the data about the teams such as suspensions or injuries, playing streaks, and even the weather, are essential factors to determine who will be the winner.
This set of information and processes for choosing one bet over another is known as the betting system. The more complete our betting system, in conjunction with our experience in the sport in question, the better the selection we select when betting and the greater the chances of winning.
However, for any betting system to be effective, you will need math to make it work.
In the following, we will explain how you can use statistics and basic math to predict what will happen to a bet.
Statistics on betting trends
Often, the trends or game totals on the teams of an event can be used to find a percentage of victory for one team over another.
For example, if we see in the win or lose trends that team A has won 7 of their last 9 games and faces team B, who has only won 2 of their 7 games, then a simple conversion (and even without it ) will tell us that team A has a better chance of winning this game.
In this case, it is best never to place a bet on team B unless you have decisive information that tells us it has a higher probability of winning than indicated in its odds. This information can be data that Team A has their best player injured or has gone too many consecutive games without resting.
How to find the probability of winning in a team
To know for ourselves the ability of a team to win. We must look for the results of all its matches and obtain a percentage of its games won.
Let’s say a team has played a total of 50 games, of which it has only lost 12 of them. So, using the conversion formula (38/50×100), we will see that the team has a 76% probability of winning a match, or in other words, the team has a probability of winning almost 8 games out of every 10 plays.
The importance of recording your gains and losses
One of the biggest mistakes novice gamblers make is not keeping track of all their bets.
By not knowing the winnings and losses of your bets over a certain period, you will not be able to tell if your betting system is working well or not, which will consequently lead you to spend large amounts of money in the long term.
In addition, by mismanaging your bankroll, you will not know what the optimal amount or Stake that you should do for each of your bets is. The problem worsens if you are betting on more than one bookmaker.
You can solve all this by keeping a correct record of your bets in a spreadsheet and keeping your expenses and bankroll management up to date.
Once you have everything well organized, you can analyze your betting records and see what strategies are working and which databases are most useful. This way, you will gradually create or improve your betting system to make them more profitable.
How do bookmakers generate their odds?
A better understanding of how bookmakers generate their odds will help you find the odds that one team will win over the other to make your guesses and find opportunities.
Let’s see an example for a match between Real Madrid against Valencia, with the odds as follows:
- Real Madrid: 1.65
- Valencia: 4.83
- Draw: 4.38
To know the bookmaker’s percentage of each result, we have a straightforward formula: dividing one by the selection fee and multiplying it by 100.
In this way, we will have the following results for each probability:
- Probability of Real Madrid winning: 60%
- Probability of Valencia winning: 20%
- Draw probability: 22%
In this example, it is exciting that the bookmaker gives Valencia a greater probability of drawing than winning the match. Look at these details to improve your bets.
What is the key to hitting our bets?
The key to gain your betting lies in your ability to find events where bookmaker odds differ significantly from your estimates for each team.
With the information that we provide you in this blog and your experience in sport, you will discern opportunities in each bet more clearly.
However, it is important to keep constantly learning about the teams and the sport that interests you to become an expert in the field and better evaluate the information you find about the teams in each game. Over time, you will improve your betting system and increase your profitability.
Finally, you must know that in sports betting. There is nothing for sure, so do not be discouraged if you lose from time to time or fall into the error of betting more than you should try to “get back” what you lost On a bet.
Always keep a calm mind, and we wish you the best of success in your bets.