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Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers [ citation needed ] [ dubious – discuss ] , who use them to set odds on the outcome of football matches.
The player with the most accurate predictions wins the top prize, or a share of it if more than one player has these predictions. In addition, there is a special £3,000,000 prize or share of it for correctly predicting the nine score draws (draws of 1–1 or higher) when these are the only score draws on the coupon. [ 1 ]
The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are ...
Prediction markets can be more accurate than polling when it comes to elections, a professor told Business Insider. There's over $606 million wagered on the 2024 election on Polymarket, favoring a ...
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and ...
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Nowadays sport betting is a huge business; there are many websites (systems) alongside betting sites, which give tips or predictions for future games. [25] Some of these prediction websites (tipsters) are based on human predictions, but others on computer software sometimes called prediction robots or bots.
Many newspapers and other betting journals such as the Racing Post track the leading newspapers' tipsters and see how well their predictions match the actual outcome, by assuming a nominal £1 bet on every tip that the tipster makes, and calculating the theoretical return. Thus, tipsters themselves can be "tipped" as being a good or bad tipster.