The statistician’s edge: Using historical football data to understand betting markets
Online sportsbook operators are renowned for using a vast array of statistical information to formulate their betting markets. Historical data is one of a plethora of elements that oddsmakers assess before publishing their prices for any sporting event. For example, reputable horse racing sites take previous trends into account when they piece together the betting market for each race. Studying the historical data can help punters uncover data which helps them to make a more informed choice with their horse…
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