Sports betting and mathematics

Each year the houses of sports bets win many millions of euros with the millions of bets daily being made on various sporting events. Most of the bets are made in football, the most popular sport in the world.


Although chance also plays its role in the bets (and can even determine a result), the bet we should not be left to intuition, but we must try to have some strategy. So far, we should look to probabilities and randomness that come into play in any outcome.


If we know nothing of bets and strategies, we can start with a good staple. In principle, if we are talking about football, each team has a 50% chance of winning (theoretically). From this figure, we will start to refine prognosis. Statistically, the local computer has 10% more likely to win, that we restaremos to the visiting team. If in addition the local computer is within the top 10 of the table, we will add another 5%; If it is not the case, is what we restaremos.


In general, if the final account gives a 60% or more for one of the teams, we'll bet for him. If less, we cannot verify the statistics, the previous results. That added or subtracted points in our calculation. Finally, we can look at the quotas that offer Bookmarkers. This will give us an idea of whether or not our calculation is reasonable.


We must avoid is betting according to subjective as being fond of a team elements, or that we like a player in particular, or any other element that is not linked to mathematics.