Since becoming more involved in betting sports, and because of my extensive background in horse racing, I am well aware of the power of statistics. There is something almost magical about numbers, about using them to come to conclusions that seem to predict a future outcome.
But how useful are they really?
One useful thing about using stats is that it takes the emotional element out of the decision-making process. To me, that’s probably the most important part of them. When the numbers say that a team or a horse is a good play, and the odds are acceptable, then you make the play. You leave intuition and emotion out of it and calculate with only the cold facts.
Continue reading “Stats as a Tool”