How to Use Statistics When Betting Online – 2024 Guide

When it comes to sports betting, there isn’t a formula you can use to ensure the win. You can follow your gut or bet on your favorite team, but nothing guarantees success. Some people would say that this is what makes betting appealing, the adrenaline coursing through one’s veins while anticipating the final result.

On the other hand, there are specific methods and techniques one can use to increase their chances of winning. There are numerous online guides on how to do this, but if you want to take this experience to the next level, you should focus on statistics. In this article, we will tell you everything you need to know about using stats when betting online.

How does it work?

If you are a novice and have never bet before, let alone used the statistics, this probably seems too complicated. However, keep in mind that both amateurs and professional bettors use this tool when figuring out where to put their money. Now, you should think of this strategy in two different manners. Firstly, you will use all the data you obtain to make well-informed decisions. Then, when you understand how everything works precisely, you will be able to use the information to do your own calculations and predictions. Nowadays, every website has a statistics section, and UFABET does as well, so there is no reason you shouldn’t test this tool.

Basic statistics


First things first, let’s start with a simple approach. When it comes to this one, you can implement one of the two methods. You can begin by researching odds and stats and then choose the match, or on the other hand, select an even first and then use the odds to determine your bet. As you can assume, most people opt for the latter approach because they can go with their favorite sports events or teams. Whatever your choice may be, you will need to conduct extensive research to boost your chances of winning and make a well-informed decision, as mentioned above.

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What does it include?


Now, we have to tell you about the data you can obtain from essential stats. Naturally, the first thing you will find out is the team’s current position on the league board. Yes, this can be a clear indicator of how good they are, but you should not place your bet solely on this information. Instead, make sure to do a little bit of background research. For example, investigate the results they achieved in the previous matches, and don’t forget to note who their competitors were. Next, move on to their starting lineup. Is it the same as it was in the games they won? Were some players omitted from this list due to injuries? Will the team’s best player participate in the next match? Who are they playing against? These are some essential information you need to obtain. Any of the changes can significantly affect the outcome of the next game, which is why it is vital to include them in your calculations.

Advanced statistics


Once you master the previously explained approach, it may be time to take it to the next level. What does this mean? Well, basically, you grow the data pool you already have. This way, you focus on other indicators and information to make your own predictions of how the match will play out. For example, you will investigate how many goal shots the team made in the previous games, how many shots their goalkeeper saved, etc. Professionals use this information when developing betting systems, and since it includes a lot of data, you should begin building your skill with the previous approach. Otherwise, it will be difficult to grasp the importance of these, and you will probably feel lost.

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However, if you are ready to take on this challenge, there is another method you should use. When doing your investigation, you need to write down every single piece of information you find. After a while, you will be overwhelmed by the amount of data you have gathered. The best way to prevent this from happening is to categorize those using spreadsheets.

Now that you have gathered all the data, it is time to do an analysis and come up with your predictions. Then, you can compare it with the official odds on the betting website. Keep in mind that stats can differ between multiple websites, which is why you should go over as many as you can, or think necessary to learn if you have found a positive expected value bet (when your conclusions have a higher likelihood that something will happen).

Implement the right strategy


The most important thing you have to understand is that statistics is only a tool you can use to reach your prediction. It means that you still need to implement the right strategy to further boost your chances of winning. When deciding on this one, you have to consider your budget, that is, consider the bankroll management strategy. This way, you will not only get to determine which matches and bets are worth your time but also how much money you should invest in each of them.

In addition to this, you also may have to adjust your attitude. It doesn’t matter what strategy and approach you choose. You can rest assured that it won’t run smoothly. It may not even go the way you envisioned it. You will almost certainly meet some challenges on the way, so keeping a cool head is vital.

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Lastly, you have to leave your instinct aside if you want to use this tool. This may prove to be quite challenging, but you have to remember that there is a reason why you decide to research the odds and stats and use the data to come up with a strategy. Sure, sometimes you will place a bet that goes against your gut feeling, but don’t forget that the decision is based on information and analysis that took you hours to complete.