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Journal Article

Observed Betting Tendencies and Suggested Betting Strategies for European Football Pools

Raymond T. Stefani
Journal of the Royal Statistical Society. Series D (The Statistician)
Vol. 32, No. 3 (Sep., 1983), pp. 319-329
Published by: Wiley for the Royal Statistical Society
DOI: 10.2307/2987938
Stable URL: http://www.jstor.org/stable/2987938
Page Count: 11

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Topics: Betting, Games, Soccer, Lotteries, Error rates, Coupons, Least squares, Countries, Income taxes, Expected returns
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Observed Betting Tendencies and Suggested Betting Strategies for European Football Pools
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Abstract

It is shown that the typical better reduces the amount bet and is more selective and accurate as the real cost of each bet rises. Two kinds of betting strategies are evaluated and optimized: strategies chosen independently from the competing teams and strategies that arise from past performance. The latter approach is shown to provide better short and long term return than the former approach.

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