Use of Statistical Data in Betting

Use of Statistical Data in Betting

Last updated on 11 月 9th, 2021

With so many valuable tools out there to assist in helping you make well-informed betting selections, using statistical data is definitely an important piece of the puzzle. But with so many factors at play and things to consider when betting on sports, finding the most crucial information to apply is key.


Although undertaking your research takes time and dedication, it’s definitely worthwhile arming yourself as with as much information and knowledge as possible to enhance the quality of your choices.


Trying to be a profitable punter? Check out our guide to becoming a professional sports bettor.


What’s the use of statistical data in sports betting?


Using statistics, the aim is to essentially predict outcomes that have a high probability of happening but still represent good value.


There are many ways and avenues to go about gathering your stats. To start with, you can utilise a large number of websites and blogs to find some brilliantly detailed information on your chosen sport, which can give you plenty of insight. Depending on what you’re looking for, the above is a fantastic resource to usually find both past and present data, which is vital in identifying trends and gaining an edge.

Value Statistics Sports Betting Courtesy of Soccer Science

Courtesy of Soccer Science


You can also undertake your own analysis using some more in-depth strategies. One such method is called probability distributions, which seeks to find the likelihood of many different possible outcomes occurring. Within this category, you can apply things like the Bayesian analysis method, that encourages the testing of new information against your original selection to refine how likely it is that it will occur in light of this evidence.


Another approach that can be of benefit is Poisson distribution, that is a mathematical concept for translating mean averages into a probability for variable outcomes across a distribution. This come in handy for low scoring sports like soccer and for things like NFL player prop bets, as it can help you in markets such as individual and the team over/unders.


Value Statistics Sports Betting Courtessy of Anna Bet Blog

Courtesy of Anna Bet Blog


Regression analysis is a commonly used tool also, with this working by you determining a set of processes to figure out the correlation between a dependent variable and one or more independent variables. This is applied so you can uncover factors that play a role in teams or players winning that aren’t obvious to sportsbooks or the public, thus giving you a head start finding value.


Value Statistics Sports Betting Courtesy of Soccer Science 2

Courtesy of Soccer Science


Seeing as betting companies use statistics heavily to formulate their odds, doing your own advanced research can definitely help close the gap for you to increase your chances of success.


Despite the obvious advantages of numbers, it is, however, still important to not solely rely on this and discard your other knowledge.


After all, you want to continue to take into account factors such as injuries, weather conditions, styles of the teams playing against each other and recent head to head records.


Value Statistics Sports Betting Courtesy of Intelligent Betting Tips

Courtesy of Intelligent Betting Tips


Even though applying statistical data has its limitations just as with most resources, the use of this is unquestionably a nice weapon to have in your armoury if you’re serious about winning.


register on vodds

Be one step ahead of your game by receiving our latest sports news and betting tips!
Recent Blogs




  1. Participants should have an active social media account. Social media platforms included in this program are as follows:
    1. Twitter
    2. Instagram
    3. VK
  2. To qualify, you must follow the mechanics required in ANY of these platforms:
    1. Twitter
      1. Participants must follow Vodds’ official Twitter account
      2. Like the tweet related to March Madness
      3. Quote retweet post with answer and hashtags #VOdds #marchmadness
    2. Instagram
      1. Participants must follow Vodds’ official Instagram account
      2. Like the post related to March Madness
      3. Share the post on story with answer and hashtags #VOdds #marchmadness
      4. Mention/Tag @vodds_official on your story
    3. VK
      1. Participants must follow Vodds’ official VK account
      2. Like the post related to March Madness
      3. Share the post on your profile with answer and hashtags #VOdds #marchmadness
  3. Other requirements:
    1. Shared posts (excluding stories) should not be deleted until the end of the campaign
    2. Social media accounts should be in public for post verification
  4. Winner selection
    1. Announcement of winners will be at 2 PM GMT+8
    2. There will be daily and grand prizes at the end of the campaign
    3. Daily winners will be draw randomly using
    4. Participants can join as many times as they want but only 1 entry per day
    5. Entries accumulated during the campaign will be added and draw at the end of the campaign for the Grand Prize
    6. Confirmed winners will be contacted and will be requested to provide the ff.
      1. 全名
      2. 电邮地址
      3. Mobile Number
      4. 国家
      5. Payment Method (please see the list of available payment channels here)
  5. Prizes & Withdrawal guidelines
    1. 3 random winners will win 10 USD on daily games
    2. 3 random winners will win 50 USD on the final four stage
    3. A total of 200 USD will be awarded at the end of the campaign to the grand prize winner.
    4. Prizes will be added to your VOdds account and can be withdrawn after completing of the turnover requirements
  6. Other terms & conditions
    1. This offer is valid to new customers of VOdds and existing users who have not previously deposited and can be availed from the period of March 9 – April 5, 2022 only.
    2. You must have settled bets of up to 5X of the prize before your winnings and prizes become withdrawable.
    3. Prize will be converted to your VOdds account currency using rate.
    4. 此优惠仅适用于通过 VOdds 网站进行的投注。使用我们的应用程序接口(API) 进行的投注不符合此优惠的条件。
    5. 仓位订单投注将不计入流水要求。
    6. 如果您在首存后的 30 天内未满足此优惠的要求,促销将被取消。
    7. 所有有效投注必须在促销结束前成功结算。
    8. 如果您在完成促销要求前退出活动,礼金将被取消。
    9. 此优惠不能与任何其他优惠同时使用。每位用户一次只能获得一项礼金。 VOdds 保有取消任何优惠的权利。
    10. 此优惠严格限于个人、一户家庭、地址、电子邮件地址、电话号码、相同的付款帐号(例如 SKRILL、NETELLER 等)和共享电脑(例如公共图书馆或工作场所)。
    11. 如果投注被取消或作废,本金将退回账户钱包,投注金额将不计入促销合格要求。
    12. 如果用户违反优惠的任何条款(或有任何证据显示客户通过任何其他促销优惠进行多次投注,从而保证客户利润,无论结果如何),VOdds 保留收回礼金或取消任何投注的权利。
    13. 以上条规于 VOdds用户 使用条规.