Online Casinos

Looking for a quality online casino? Read through our list with the best Online Casinos in the industry.

High Rollers Casino Bonuses

Wagering high stakes on online casinos? Look through our pick of the best High Rollers Casino Bonuses and find out which online casinos offer the best VIP bonuses.

UK Betting sites

Looking for the most trusted UK operators? Check out the best UK betting sites and find the one that suits you the most.

titancasino

Do Statistics Really Matter in Sports Betting?

Following statistics may seem like a given to you if you are a sports bettor, but maybe not.  While many bettors take it for granted that they need to learn about and analyse statistics in order to succeed at betting, there are actually a surprisingly large number of articles that advise bettors to ignore statistics entirely.  Is there a foundation to the claim that stats don’t really matter?

 

There are perhaps several reasons why some bettors prefer to avoid statistics.  I would say that two of the three of these make some degree of sense:

  • Statistics can send vastly different messages depending on how you interpret them. 
  • The Gambler’s Fallacy comes into play.  This is the error of thinking that independent events influence one another.  In other words, the roulette wheel does not remember the previous spins. 
  • Analysing statistics is a lot of work.

 

Obviously it is that third point which makes no sense, and which probably is not a consciously considered reason for most gamblers who choose to ignore stats.  That does not mean its influence isn’t there, however; laziness can be pretty compelling, and yes, learning to analyse statistics is a lot of work.

 

As to the first couple points, one can indeed draw vastly different messages from sets of data depending on how that data is interpreted  And that is the great challenge of sports analysis.  Gathering data is easy, but actually making sense of that data is quite difficult.  You could draw a very different conclusion from another bettor based on the same set.  But that does not mean statistics are useless or unreliable or sending false messages.  It means that your system of analysis and betting may or may not be sufficient.  If you can draw logical, consistently reliable conclusions from your data, you have a sound system.  If you cannot, then it is your analysis that is faulty, not the statistics. 

 

What about the Gambler’s Fallacy?  It is well worth considering, but not necessarily in this context.  Try to remember that you are not playing roulette.  There is a lot more going on here than the spin of a wheel.  There is no way to win consistently at roulette, but that is not true with sports betting.  It is true that there is nothing about past outcomes that necessarily will impact the future, but the same causal factors that contributed to past wins or losses can continue to exert an influence on future events.  The main thing to remember about the Gambler’s Fallacy is that it reveals the flaw with the Martingale system (something I strongly recommend avoiding if you don’t want to blow your bankroll).

 

So are statistics useless?  I find it pretty hard to argue that they are.  The question you should always be asking is whether your interpretive system is working or not.  Don’t talk yourself out of doing the hard work just because it’s hard.  It is the only way to win consistently at sports betting online!

 

Horse Racing Betting

A list with selected bookmakers that offer extensive coverage for horse racing betting.

New to sports betting?

If you are new to online sports betting you might want to read through the basic steps for sports betting and start your experience with confidence.

Bookies with Live Streaming

Top list of online bookmakers for Live Streaming services. Watch sports and bet live! Read more...

Bookmaker of the Month

Titan Bet Titanbet is considered one of the best online bookmakers with an attractive, modern and user friendly website as well as a great number of different sports available for betting. On top of that someone can find a number of additional betting markets, extra sport promotions, a great live betting console and more services that will satisfy even the most demanding punters.

Read why you should open a Titanbet account or just Visit online bookmaker Titabet now!

Gambling on the Internet

A few things to consider when gambling online:

  • Take advantage of first deposit bonuses
  • Have a budget and stick to it
  • Don't lose more than you can afford
  • When drunk, don't bet!
  • Don't chase losses
  • Bet on markets you know well
  • Don't abuse bonuses