How to Use Statistics to Help You Make Better Sports Betting Decisions

The world of sports betting is a crazy one. Whether you’re betting on football, basketball, or any other sport, the odds are always in your favor. You just have to know how to bet correctly! Luckily, statistics are here to help make your life as a sports bettor easier! In this article, we will discuss how to use statistical analysis to determine whether or not to take a bet, along with providing some examples of how you can use this information to maximize your bankroll.

Understand The Basics Of Statistical Analysis

Before you can effectively use statistics to help you make better sports betting decisions, you must first understand the basics of statistical analysis. A statistical analysis is a type of analysis that uses numbers and mathematical formulas to help answer a specific question. The four most essential rules of statistical analysis are:

  • It must be representative
  • It must be large
  • It must be independent
  • The results must be accurate

These rules help ensure that the numbers you are using are accurate and can be trusted. They also help to prevent the results of your analysis from being skewed by any external factors. For example, if you are looking at NBA point spread betting stats and you see that the average team wins 57% of its games, but the home teams only win 55% of its games, then you know that the results of your analysis might be skewed due to the fact that the home teams have more advantage in score than the visiting teams. This would mean that your assumptions about the evenness of competition might be wrong, and you would have to recalculate the data to be more representative of the entire league.

How To Use Statistical Analysis For NBA Point Spread Betting

The best way to really understand statistics and how they can be used is by looking at examples. Let’s take a quick trip back in time and have a look at how statistical analysis was used to determine the favorite in the 2019 NBA point spread betting season. Since the 2016-17 season, most oddsmakers have favored the Washington Wizards over the New York Knicks in the NBA point spread betting markets. This was likely due to the fact that the Knicks had one of the worst records in the league that season while the Wizards had one of the best. Also, the spread between the two teams was relatively small. In fact, according to OddsShark, the spread has mostly stayed within a point range, with the oddsmakers favoring whichever team is stronger.

This makes sense as a general rule because the odds are always going to favor the team with the most points. However, the odds can be slightly in favor of the underdogs if other factors are taken into consideration. For instance, if you look at the results of the 2017-18 NBA season, you will see that the favorite team was actually the Utah Jazz. This was likely due to the fact that the Jazz had the fifth-highest scoring attack in the entire NBA while the other teams were either middle of the pack or trailing behind. Additionally, the spread between the Jazz and the Toronto Raptors was smaller than usual, making other teams think that the Raptors were a much better team than their record indicated. The point here is that sometimes the spread doesn’t necessarily tell the whole story, and you need to look at other factors to determine which team is really the favorite in an NBA point spread betting matchup.

More Than Meets The Eye

Once you understand the basics of statistical analysis, you can start to see it in a different light. Instead of just looking at whether or not you’ll win the bet, you can start considering other factors that might impact the outcome of the game. For example, how important is home advantage in an NBA point spread betting matchup? Does weather have an effect on the game? Are there any hidden rules that might impact the game? These are all questions that you can ask yourself through the use of statistics, and the answers might surprise you!

How To Use Statistical Analysis For NFL Point Spread Betting

The NFL is a bit trickier than the NBA when it comes to implementing statistical analysis into a betting scheme. This is mainly due to the fact that the playoffs are a much more important part of the season, and the regular season results don’t always mean very much. For instance, in the 2017 NFL season, the New England Patriots had one of the best regular seasons in history, but lost the Divisional round to the Jacksonville Jaguars, who had a perfect 12-0 record coming into the game. This proves that regular season results can be skewed due to an extremely dominant performance by one team, or a bad performance by another team. If you’re looking to use statistics to help you make NFL point spread betting decisions, you’ll need to be careful in selecting the teams you’ll use in your analysis.

Why Use Multiple Teams?

While the above examples utilize only two teams, it is not always necessary to look at multiple teams when using statistics to analyze a sporting event. This is especially true if you’re analyzing a single season, as the sample size of games is usually small enough that looking at the results of just one team won’t be too inaccurate. However, if you’re looking at an entire league, or multiple seasons, then it might be necessary to analyze multiple teams to get an accurate idea of the outcomes of the games.

Understand The Role Of Money In Tennis Betting

Tennis is a game that a lot of people enjoy playing and watching, but it can also be quite the financial game. Just like any other sport, the odds shift with the betting money and the least wealthy team is usually the favored one. Just look at the 2019 Australian Open – one of the most popular tennis tournaments in the world. The Aussie Open is open to the public, so anyone can come and place tennis bets on the matches. This is one of the reasons that the betting odds shift the way they do in tennis – it’s all about money! The matches in the Aussie Open are open to the public, which means that they’re fair game for any bet. This is different from other tournaments, where only members can place wagers. This openness to the public creates more opportunities for bettors, which in turn, might cause the odds to move even more in your favor!

Consider The Weather In Your Location

One of the things that you need to consider when using statistics to make better sports betting decisions is the weather in your location. A game that is played outside might be decided by the weather – it could be windy or rainy, so make sure that you consider this factor before placing a wager. For example, if you live in a place where the average temperature is 30 degrees, and it’s windy outside, then you might not want to play some cold weather sports like hockey or soccer, especially if you’re not used to it. This is why you should avoid betting on outdoor games if the weather is inclement or if you’re not sure how the game would play out if it was being played outside your location.

Hidden Rules That Might Affect The Outcome

To quote Michael Jordan, “Stats are for losers.” This is absolutely true, and it’s also one of the main reasons why you should avoid using them to try and win. Sometimes the results of a game don’t necessarily follow what the numbers would indicate, which means that there are usually some hidden rules that decide the outcome of the game. For example, if you’re watching the 2019 NBA Finals and the Golden State Warriors are behind by several points with less than a minute to go in the fourth quarter, it would be safe to assume that they’re going to lose the game. This is mainly due to the fact that the Warriors are extremely disciplined and follow a specific routine, which enables them to close out games – even in the face of severe deficits.

However, the Cleveland Cavaliers are playing exceptionally well in the 2019 Finals, and have the exact opposite mentality. This means that the odds are likely to shift in their favor, and you might want to consider placing a wager on the underdog Cavaliers to win the game.

Hopefully, this article gave you enough information to begin using statistics to help you make better sports betting decisions. With just a little bit of research, you will be able to determine the likelihood of your favorite team winning any given game or tournament, along with considering other relevant factors. In addition, you will be able to determine the role that weather and other hidden rules might play in affecting the outcome of the game. All this might seem a little bit overwhelming, but once you get the hang of it, it all becomes second nature, and you’ll be able to utilize this information to better advantage.