Closer look at MatchStatistics functionality

Many people who are beginners in sports betting, after wining a few bets, often think that it is an easy way to make them rich without much risk. Anyone who tried sportsbetting for a longer period of time knows that it is impossible to win each single bet. Serious players know that a key for wining in a log run is finding bets with positive expected value and wagering only a specific fraction of their bankroll. MatchStatistics helps that kind of players to find their optimal betting strategy.

What is a betting strategy?

A betting strategy is a formula for betting. To create one you must first categorize all possible bets somehow; choose a part of them which interests you and place bets only meeting specific criteria. If you take in consideration large number of sport events it is not an easy job. Single player without a good piece of software is lost in confrontation with hundreds of thousands combination of matches and results to wager on. Such a player is doomed for making apriority decisions, based only on ones experience. Average player has a little chance for his strategy in long run (after making many bets) to be a game with positive expected value. Given player on the other hand, having for disposal historical data, may choose another way - first create a strategy for him, test it later on suitable set of matches and than place bets. It would be better for a player if strategy creation was aided by some tool instead making all the calculation manually.

  MatchStatistics saves your time and enhances a process of strategy creation. Having a strategy created you will easily choose from 1-x-2 betting variants.

Unique procedure of "betting expressions" makes possible to create betting strategy based on offer of matches and odds. Strategies created have been called "odds based betting strategies". User has a possibility to specify betting algorithms based on freely complicated logic expressions of odds and few phrases.

  MatchStatistics is a surprisingly flexible tool that allows a user to fully define his / her own strategy.

Although using "betting expression" is very helpful in finding good betting strategies, we made your job even easier. We decided to develop a tool which aids you in finding possible to use anomalies - increased percentage of valuebets - in set of odds.

  Advanced optimization engine is implemented in current program version. It is an algorithm which tests, in relatively short time, thousands possible strategies of betting and selects the best of them.

Nowadays there is a large number of different online sportsbooks all over the world (around 700). There is not only a problem what to bet but where to bet. Odds for a single match vary at different sportsbooks.When your betting system is ready and you want to use it in live betting you will probably find out it hard to manually calculate which matches meet your criteria to bet. You would need to check all bookmakers that you have selected to find appropriate odds for your system. It is quite an uphill job. From version 5.0.3 MatchStatistics makes this problem no longer exists. Using our new functions „upcoming” and „pe_upcoming” it is possible to retrieve odds for upcoming events from our server. Now you can easily find out where you should bet even if you betting system is very complicated. But that's not all. MatchStatistics becomes now one of the best odds comparison platforms. It is possible to find sure bets in few seconds. Just like that. Select a list of bookmakers to compare odds from, choose a range of leagues, type in command line:
pe_upcoming 1/(1/odds1+1/odds2+1/odds0)>1.005 ? Bet102
and start earning today without risk. Carrying out analyses of huge database of odds gathered from many sportsbooks will give a significant effect on your betting results.



Above there is an example of surebet we found out using MatchStatistics. In this particular case betting all odds gave us 1-1/(1/1.80+1/3.66+1/6.28)=1,21% return with no risk. Each day there are many more occasions. All of the events on the list above were surebets. Do not miss them any more and try our odds comparison service.

  Don't waste your time on checking number of bookmakers to find best odds for upcoming events. MatchStatistics allows you to use inefficiency of bookmakers by finding highest possible odds.

Historical database that comes with program have a huge value itself. It covers historical odds offered by about 200 bookmakers from 01/01/2006 up till now.

  MatchStatistics offers a database which easily may be used for your own independent analyses with other application such as Matlab, Excel etc.

How to estimate expected value of sportsbooks betting?

In games which have defined probability of wining - such as roulette - it is easy to calculate long term financial effect for a player - expected value. Betting on sportsbooks is a game with unknown probability of wining. In our opinion, the only correct way of defining an expected value of sportsbooks betting is testing different betting strategies on historical data. We strongly advice to confirm value of any strategy by testing it on other period of time that the strategy was built on.

  MatchStatistics lets you find profitable betting systems and test statistic significance of positive expected value.

Why bankroll management is so important?

Finding a correct fraction on bankroll for each bet is a key element of wining strategy in any game with a random factor. Not many gamblers are fully aware of bankroll management importance. Even if you always select bets with positive expected value but wager too much of your whole bankroll on a single bet, you are going to bankrupt soon.

  MatchStatistics helps you to select optimal, safe percentage of bankroll for each bet. You have possibility to test different fraction of bankroll for each bet and quickly get results through visualizations and statistics.

For more information about bankroll management in sportsbooks we advise lecture of following document: THE KELLY CRITERION IN BLACKJACK, SPORTS BETTING, AND THE STOCK MARKET by Edward O. Thorp.

  MatchStatistics fully supports Kelly's criterion.

For more detailed information about MatchStatistics functionality please refer to User Guide .

Sports Betting Software