Predictive Methods for Football and Betting Markets

Predictive Methods for Football and Betting Markets
Author: Enrique Dóal Pérez Frías
Publisher: Enrique Dóal Pérez Frías
Total Pages: 349
Release: 2023-09-23
Genre: Games & Activities
ISBN:

What variables are relevant to predict the future results of a football team? Are there any inefficiencies in the betting markets that can be exploited? How many games are necessary to correctly measure the level of a team or a footballer? Is it better to bet on a team that is on a winning streak or is it better to bet on a team that is on a losing streak? What is the probability that a team that has just been promoted will be relegated in the next few seasons? What is the optimal size and composition of a team squad? How are the best and worst clubs different? What are the best bookmakers? In this book the reader will find the answer to these and many other questions about the beautiful game, thanks to data mining techniques applied to a historical database of more than 200,000 football matches and a statistical approach explained in an easily accesible style.

Statistical Sports Models in Excel

Statistical Sports Models in Excel
Author: Andrew Mack
Publisher:
Total Pages: 162
Release: 2019-07-09
Genre:
ISBN: 9781079013450

What does it take to create a winning sports betting model?Many people are interested in learning how to make smarter sports betting wagers. Not many of those same people are excited at the prospect of learning applied statistics to better inform their choices. You can't entirely blame them. Statistics has a well-earned reputation for being somewhat inaccessible by non-academics. It is a field filled with heavy terminology, confusing formulaic notation and concepts not fully relevant to the beginning sports bettor. To make matters worse, nobody in possession of a positive edge model is all that keen to show you how it works. As a result of this, sports modelling successfully requires a toolbox that you largely have to assemble for yourself. This book is my attempt to correct that, as I pull back the curtain on Excel spreadsheet models and techniques I developed in my first few years of sports betting. It is designed to give you an accessible crash course on modelling that will get you up to speed on the key relevant principles of statistics with a minimum amount of heavy technical jargon. You'll learn the most effective concepts in an easy-to-understand way and greatly speed up your learning curve in the process. Best of all, I'll walk you through sports betting models for many major sports: NFL, NBA, NHL, AFL and the English Premier League. You'll even be able to download these spreadsheet models and work your way through them while following this book.We'll be doing all of this in one of the most user friendly programs available: Excel. This program might not be the expert's first choice of platform for modelling work, but you'll be surprised just how much you can do with a spreadsheet or two.If you're ready to take your sports modelling to the next level - open this book, fire up Excel, and let's get to work. See you on the inside.

Economics of Betting Markets

Economics of Betting Markets
Author: David Peel
Publisher: Routledge
Total Pages: 130
Release: 2013-09-13
Genre: Business & Economics
ISBN: 131798823X

During the last few decades, commercial gambling has increased substantially throughout the Western world. More people than ever before have access to sources of legalised gambling, leading to bumper revenues for the institutions involved. Naturally enough, this has led to an increased interest in the area of the economics of betting. This book addresses the issues raised by the continued growth of the gambling sector. How can we model the behaviour of people who seemingly act irrationally? What are the implications of different tax policies with regard to gambling? Are casinos capable of taking money away from state-run lotteries and the causes they fund? Can bookmakers’ odds be influenced in such a way as to make the gambling market inefficient? The authors in this volume provide insights based on data from many different countries, including England, the USA, Australia, Spain and Cyprus. This volume brings together work which addresses the economic impact of the huge growth of commercial gambling in the Western world, as well as trying to model the cognitive processes which can explain why individuals are prepared to behave in such apparently irrational ways. This book was published as a special issue of Applied Economics. The academic editor of this journal is Mark P. Taylor.

Information Efficiency in Financial and Betting Markets

Information Efficiency in Financial and Betting Markets
Author: Leighton Vaughan Williams
Publisher: Cambridge University Press
Total Pages: 412
Release: 2005-09-29
Genre: Business & Economics
ISBN: 1139445405

The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling.

Computer and Information Science

Computer and Information Science
Author: Roger Lee
Publisher: Springer Science & Business Media
Total Pages: 291
Release: 2008-04-30
Genre: Computers
ISBN: 3540791868

The 7th IEEE/ACIS Conference and the 2nd IEEE/ACIS Workshop on e-Activity (IWEA 2008) featured researchers from around the world. The conference organizers selected 23 outstanding papers for this volume of Springer’s Studies in Computational Intelligence.

The Definitive Guide to Betting on Football

The Definitive Guide to Betting on Football
Author: Kevin Pullein
Publisher: Raceform
Total Pages: 160
Release: 2009-09-01
Genre: Soccer
ISBN: 9781905153657

This book is a distillation of Racing Post expert Kevin Pullein's extensive knowledge on how to make money when betting on football. His weekly column in the Post is hugely popular with sports betting fans. In this masterwork Pullein explains how you can work out what is likely to happen during a football match and how you might be able to exploit this knowledge profitably by betting. In each chapter there will be both theory and practice, in separate but complementary sections. The theory will always be simply explained and illustrated, and will satisfy both the more-specialist and the less-experienced reader alike, each of whom will be able to get out of it want they want most - as well as a lot of other things beside.

Football Hackers

Football Hackers
Author: Christoph Biermann
Publisher: Kings Road Publishing
Total Pages: 289
Release: 2019-05-30
Genre: Sports & Recreation
ISBN: 1788702352

Well written and thoughtful. Takes us on a tour of some of Europe's most innovative football thinkers - Financial Times The future of football is now. Football's data revolution has only just begun. The arrival of advanced metrics and detailed analysis is already reshaping the modern game. We can now fully assess player performance, analyse the role of luck and measure what really leads to victory. There is no turning back. Now the race is on between football's wealthiest clubs and a group of outsiders, nerds and rule-breakers, who are turning the game on its head with their staggering innovations. Winning is no longer just about what happens out on the pitch, it's now a battle taking place in boardrooms and on screens across international borders with the world's brightest minds driving for an edge over their fiercest rivals. Christoph Biermann has moved in the midst of these disruptive upheavals, talking to scientists, coaches, managers, scouts and psychologists in the world's major clubs, traveling across Europe and the US and revealing the hidden - and often jaw-dropping - truths behind the beautiful game. 'A book full of exciting ideas and inside views on modern football. The most exciting book in an exciting time for football.' Thomas Hitzlsperger

Sports Analytics

Sports Analytics
Author: A. Mansurali
Publisher: Springer Nature
Total Pages: 241
Release:
Genre:
ISBN: 3031635736

Forecasting in Financial and Sports Gambling Markets

Forecasting in Financial and Sports Gambling Markets
Author: William S. Mallios
Publisher: John Wiley & Sons
Total Pages: 207
Release: 2011-03-29
Genre: Mathematics
ISBN: 1118099532

A guide to modeling analyses for financial and sports gambling markets, with a focus on major current events Addressing the highly competitive and risky environments of current-day financial and sports gambling markets, Forecasting in Financial and Sports Gambling Markets details the dynamic process of constructing effective forecasting rules based on both graphical patterns and adaptive drift modeling (ADM) of cointegrated time series. The book uniquely identifies periods of inefficiency that these markets oscillate through and develops profitable forecasting models that capitalize on irrational behavior exhibited during these periods. Providing valuable insights based on the author's firsthand experience, this book utilizes simple, yet unique, candlestick charts to identify optimal time periods in financial markets and optimal games in sports gambling markets for which forecasting models are likely to provide profitable trading and wagering outcomes. Featuring detailed examples that utilize actual data, the book addresses various topics that promote financial and mathematical literacy, including: Higher order ARMA processes in financial markets The effects of gambling shocks in sports gambling markets Cointegrated time series with model drift Modeling volatility Throughout the book, interesting real-world applications are presented, and numerous graphical procedures illustrate favorable trading and betting opportunities, which are accompanied by mathematical developments in adaptive model forecasting and risk assessment. A related web site features updated reviews in sports and financial forecasting and various links on the topic. Forecasting in Financial and Sports Gambling Markets is an excellent book for courses on financial economics and time series analysis at the upper-undergraduate and graduate levels. The book is also a valuable reference for researchers and practitioners working in the areas of retail markets, quant funds, hedge funds, and time series. Also, anyone with a general interest in learning about how to profit from the financial and sports gambling markets will find this book to be a valuable resource.