Average odds: The average of the winning and losing odds offered by multiple bookmakers for a game.
Outcome Probability:
The probability of each game result, the probability of each game in the three dimensions of
winning, drawing and losing, generally the gaming company will analyze this probability
based on various information, but it is unknown whether it is announced or not.
For example, Manchester United VS West Ham United, the probability of appearing in the three
results of winning, drawing and losing may be 60%:20%:20%.
Payout ratio: The main profit method of the gambling company is to balance the margin, that is to say, after the betting volume in the three directions of winning, drawing and losing is balanced, the actual compensation amount of the gaming company = Paper payout - commission commission. At present, the commission ratio of most gambling companies is around 10%, and this site will fix several payout rates for players to choose in the follow-up calculation.
Standard deviation:
Standard deviation is a measure of how spread out the mean of a set of data is. A larger
standard deviation means that most values are farther from their mean; a smaller standard
deviation means that the values are closer to the mean.
For example, two sets of numbers {0,5,9,14} and {5,6,8,9} both have a mean of 7, but the
second set has a smaller standard deviation.
The smaller the standard deviation, the more clustered the data; the larger the standard
deviation, the more discrete the data.
Standard deviation ratio: There is no concept of standard deviation ratio in statistics, but considering that the standard deviation data is not intuitive enough, many players may not be able to understand its meaning and relative size, Therefore, this site uses the standard deviation divided by the average to calculate a percentage, and this percentage is used to measure whether the standard deviation data is large or small.
Impact factor: Every game will have various conditions that affect the betting company’s odds, such as whether the main players are injured or not, whether the relationship between the generals and the generals is harmonious, Whether the desire to win is strong, etc. These conditions are the factors that affect the analysis of the game by the bookmaker.
Weights: The impact of each influencing factor on the game analysis process or the game result. For example, the impact of weather factors on the game can be ignored, and the weight is 0. The main player's injury has a great impact on the game, and the weight is 10.