Simple Steps to Build Your Unique Betting Model

There are plenty of ways you can use to increase your winning chance in betting. One of them is by using a betting model. Don’t worry, it’s not difficult to get it done. You don’t have to hire somebody to make a model for you. Simply follow these steps and you are good to go.

Step by step

First, you need to know what actually a betting model is. A betting model is simply a system that helps you find a specific value in a match by using statistic. In other words, it is a system that helps you to bet based on data, instead of relying only on your luck.

Now, here is how you can make one of your own.

Pick the market

Okay, first, you need to decide the base of your betting model. For example, you want to bet on an over/under game. So, to help you win that game, you need a model that can help you ‘guess’ the total number of goals from both teams, using statistical methods. It is important to pick only one base for your model. The less base you have, the more focus you will put in it and the more accurate the outcome.

Specify your statistics

After picking the base for your model, you need to fill it with data. The second question should be like this, “How far should you collect the data?” Of course, the more data you collect, the more accurate the outcome will be. However, please be cautious. You don’t need to pick data from every match, only the important ones. Usually, it is not farther than both teams’ last 10 matches.

Gather the data

At this point, you should have known where to pick your data. However, please remember. Don’t be too cautious and collect too little. You need as much data as possible that is related to your model. You can easily scale down the amount if they are not needed for the model. Also, get yourself ready. This process might take a long time.

You may be also interested in finding some data from the internet. Thanks to this ‘global archive’, you can easily find almost any type of information with ease.

There are exceptions

After collecting the data, now you have to decide the rules. These rules are for your betting model. You will use the betting model to deal with real matches and for several reasons, it might not work as you expected. Therefore, you have to device how far the model should go, its efficiency and accuracy. It can be anything, but we recommend setting it to several factors that you don’t have enough data on them. As you lack the information, they can change wildly. So, you need to prepare for this.

Build the model

Now you are ready to build your betting model. We recommend using Excel for this purpose. Even so, if you are more familiar with Maple, Freemat, Matlab, or MathCloud, please feel free to use it.

While building the data, make sure you follow all statistic methods. There are many online resources which can teach you about this subject.

 

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Categories: Lottery