What we do:
Statistics, analysis and artificial intelligence (generative AI), play a crucial role in calculating bets, especially in sports betting and other forms of gambling where data-driven decisions are prevalent. Here's how they are used:
Historical Data: Analysts gather and review historical data related to the sport, game, or event. This includes past performance, player/team statistics, and previous outcomes. This data helps in identifying trends and patterns.
Probabilities: Statistical models and analysis are used to calculate probabilities for different outcomes. For example, in sports betting, our analysts determine the probability of a team winning, losing, or tying based on historical performance, injuries, weather conditions, and other relevant factors.
Odds Calculation: Once probabilities are established, odds are calculated. Odds represent the probability of an event occurring.
Risk Assessment: Stats and analysis also help in us assessing the risks associated with different bets. Bettors can then evaluate the likelihood of their chosen outcome and the potential return on their investment. Bankroll Management:. It helps bettors determine how much to wager on each bet while considering their overall budget and risk tolerance.
Bettors should often track their bets and results to analyze their betting strategies over time. This helps in refining strategies and making informed adjustments.
Expert Insights: We also take influence from other expert analysts and tipsters who can provide detailed statistical analysis and recommendations for specific events or games.
In summary, stats and analysis are used so we make informed betting decisions, assess risks, and find value bets. They are integral to developing good strategies.