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Going blind on some of your bets is the biggest mistake you can ever make. Of course, depending on what type of player you are and how much time you are willing to put into analyzing the data. But it is statistically proven that placing your bets based on team stats, behavior, ranking placements, and so many other factors can drastically improve your performance.
So, let’s have a short glimpse at what pro bettors do to increase the veracity of their predictions.
Sports Statistical Analysis
What you want to achieve is to make your prediction based on as many statistics as possible. Each correct read increases the chance for the prediction to match the result. Looking at it logically, statistics are data points, averages, and conclusions based on a number of events that took place in the past.
For example, to successfully predict the total number of goals that a soccer team is going to score, you have to look at the past and see what the average is from their last 100 matches. It is very similar to how the average price of any cryptocurrency behaves. If you look at its past, you may predict how the price will oscillate in the future.
Now, there are several techniques that any bettor can apply to increase their betting strategy efficiency. Here are two of them, with a brief explanation for each:
Regression Analysis
This is probably the best example of a background check that any bettor can conduct. The main purpose of regression analysis is to expose connections between sports variables that are directly connected to an event.
For instance, we will take the soccer game example again and focus our attention on the team for which we are trying to make the best prediction. Regression analysis will help you understand team composition statistics, player behavior, or player performance. The deeper you want your prediction to be, the more information you will find searching for connections.
Regression analysis is one of the core strategies betbrain.com uses to provide accurate predictions and betting tips. It involves thorough research sessions and data collection for each event that takes place in a match. From goals, yellow cards, red cards, passes, goal attempts, and so on, every piece of information can indicate a similar outcome in the future.
Predictive Modeling
This is a more complicated method to analyze data, but if you do it right, the outcome will blow your mind. Predictive Modeling involves machine learning algorithms that can analyze statistics from the past, and predict how similar events in the future might end up.
Example: If you want to make the best prediction possible for a Barcelona match, you have to apply this method to a batch of all the Barcelona games from the last five years.
- Predictive Modeling will take all the data and analyze it. Everything from weather conditions to player aggression will be included in a data cluster.
- It will identify the key factors that can influence a future game and create models based on those to generate patterns.
- The algorithm will use these exact models as a base to build several predictions. With your implications and understanding of the present state of the team, you will decide which prediction has the best chance to match the match result.
Extra: Tip on How to Understand Odds Dynamism
You may consider this to be part of the betting insights lesson. We will hand it to you for free, so remember what you read here.
Odds dynamism is visible to every sports betting enthusiast. It is the phenomenon of odds changing their value in real-time. It is vital to understand them because they can influence betting trends. Actually, odds dynamism is the true representation of a betting trend.
An odd will change its value based on how many players place money on that odd. This is how betting agencies protect their margin and make sure to still make a profit no matter who wins.
If everyone bets on team no.1, the bookmaker has to lower its margin so it can lose less money if that team wins. At the same time, it will increase the odds for team no.2 to maintain the profit margin.
This is why you should never place a prediction bet based on odds. They do not represent winning potential. They only show you what the betting trend is.
