## Sports betting statistics,utah jazz trade rumors,free soccer(football) predictions daily tips and picks - Easy Way

23.08.2013

Some mistakenly believe that mathematics and statistics are insignificant in sports betting.
On the other hand, statistics may be applied when we create a system, but are mainly used in the study of the system’s results, as in testing the credibility of the followed methods. The truth is that for most people betting on sports is more like a hobby – as it should be.
However, if sports bettors spent some time on making the following very simple calculations, it would be possible to minimize the losses from betting and, why not, stop being an expensive hobby.
Going back to the topic of mathematics in betting, coming out a winner in sports betting depends on a very simple equation. The above example can easily be represented by the general equation Y= X*Z, where X is the average odds of betting and Z is the success rate of predictions. There are quite a few posts that I read online from time to time that advise players not to follow the statistics, if they want to win in sports betting. Moreover, we should consider the fact that in every sport event, statistics are reported during the event.

Nevertheless, statistics in sports betting are applied extensively when building or improving a particular betting system. By studying the reliability of the system, based on statistical aggregates, we are confident for the betting system’s future performance, while confirming the proper functioning of our system. The truth is that just like in casino games, the effectiveness of a sports betting system to generate profits depends strictly on mathematics. Even in the case when betting decisions are influenced by the news, predictions and rumors, a player’s profitability is directly depended on math. If the product (Y) is greater than 1, you will be a winner in sports betting in the long run. The result (Y) in that mathematical equation distinguishes players between winners and losers and betting systems between profitable and money-losing.
Since we are on the awkward subject of math, let us say a couple of things about statistics and odds. Having said that, I must also mention that at times betting systems emerge, which rely exclusively on the statistical analysis of the games.

Now, I am not talking about the input variables of a system, such as statistics used in tennis matches. In other words, they do not systematically track what comes in and what goes out on their betting account each month. This is one of the 10 reasons we lose in sports betting. If you bet 100 times each month (about 3 matches on average per day), sports betting costs you about €1,200 every year; more than a regular monthly salary for most people. By completely rejecting the notion of statistics in sports betting is like deploring those who follow it. I’m referring to the statistical analysis of the system’s actual performance, such as the drawdown.