Fixed Odds Football Betting Systems - Making Betting Cool Or Killing the Fun?

Submitted by: Cris R. Grishamm

Fixed odds football betting systems have been instituted by a number of bettors to make betting for football matches more standardized. This system is supposed to be more scientific, as it relies on statistics, making the usual connotation of betting as pure chance and unprofessional. This system is mostly based on a rating system, which provides a numerical measure of a football team's superiority over their opposition in a football match. Superiority id determined by a comparison of the two teams' past performances. Different systems use different methods in calculating each team's superiority, but each system basically subtracts point ratings of the visiting team from the point ratings of the home team. Simple rating systema calculate league points and touchdowns

 

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conceded and made. More complex rating systems consider other facets of the game such as possessions and individual player statistics. For most ratings, the quality of the opposing team in historical data is disregarded, whether a team scores a touchdown against a team in the bottom of the rankings or at the top. A touchdown is counted as one touchdown.

Once the rating system is established, the next step for fixed odds football betting systems would be to determine the fixed odds. Once the probability of a home win or an away win is determined, the odds can be calculated as 100 divided by the probability of a home or away win. The last step would be to compare the odds that the system calculated with the bookmaker's odds, which are usually, of course, more superior. Provided that the analysis done to both teams is mathematically accurate, one should make a profit, provided that the focus of the analysis is not just to forecast or predict the result of the football game, but to compare it to the bookmaker's odds. To make a profit in placing bets over fixed odds, it is essential to compare the odds that you calculated versus the bookmakers. This way, you can project the possible profit by probability distribution (result expectancy) rather than just predict who is going to win or lose (result forecasting).

With each match result, this new data should be added to the available analysis on one's rating system. This would create a more solid backbone to a number of fixed odds football betting systems. By adapting a fixed odds football betting system, a bettor is assured of at least a break even return to his "investment" and whatever losses incurred would be very minimal and contained. At the same time, when betting in fixed odds football betting systems, a bettor cannot really expect a marginally high profit on his bet. Whatever losses or gains incurred is calibrated. This offers the bettor a very safe way of betting. Thus, it is highly recommended for those who are just starting on betting and new to the field. Experienced and veteran bettors are not really keen on this type of betting system as they think that they spoil the fun and contain whatever profits. Whatever thrill present in betting is allegedly killed by studying the whole game and statistically analyzing every aspect, which in turn kills the fun. High rollers and people who want to bet big and win big one time do not really see the benefits that a fixed odds football betting system brings.



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