Stats and metrics are crucial in sports betting. Unlike in casino games, where results are often at random, our potential outcomes in sports betting often depend on our access to data. The more we know the sport and its market, and we can crunch these numbers, the better shot we have at a winning bet.
However, not all stats and metrics are equally helpful in a predictive model in gambling. Advanced and key betting metrics are the way to go, as they help form well-informed wagers and data-driven bets. And these advanced metrics differ for each sport, for example, in soccer, expected goals and assists matter, and in basketball, experienced bettors look at turnover ratio and shooting efficiency.
Quick Look at Some Examples of Advanced Metrics for Specific Sports
Advanced metrics aren’t just about basic stats like goals, points scored, and wins. For operators and experienced sports fans, these sports betting KPIs (Key Performance Indicators) are a set of data that gives us a deeper insight into the team’s strength, players’ performance, and potential outcome.
Here’s a look at a few popular sports, and the advanced and best stats for sports betting use.
- Football (Soccer) – In football, two helpful metrics to consider are Expected Goals (xG) and Expected Assists (xA). The xG measures the player’s quality of scoring chances, not just the number of goals. This stat looks at shot type, location, and defensive pressure, allowing bettors to find value bets. In xA, this stat looks at passing and chance creation, giving insights on who scores and supports scoring.
- Basketball – In basketball, it’s common knowledge among fans and casual bettors that points, assists, and steals are key betting metrics. However, advanced betting knowledge requires finding other crucial KPIs such as the Player Efficiency Rating (PER) and the Offensive and Defensive Ratings. The PER is a more holistic stat to describe the player’s performance, as it aggregates all aspects of statistical performance. Your Offensive and Defensive Ratings, on the other hand, estimate how many points a team can get or allow for every 100 possessions. This is a crucial metric in basketball that evaluates the team’s relative strength.
- Baseball – In baseball, the advanced betting metrics to consider are the Weighted Runs Created Plus (wRC+) and the Weighted On-Base Average (wOBA). The latter explains how well a team creates runs, and the former looks at the team’s offensive value.
Why is Predictive Modelling in Gambling Important?
Predictive modelling and the use of advanced metrics are crucial in sports betting because they take away guesswork from the equation. Instead of relying on gut feel, we become more confident in our betting decisions. We can say that these are the winning sports betting formulas used by experienced bettors and sports fans in the business.
In short, using these KPIs and even the use of generative AI can enhance our decision-making, help us identify value bets, and minimise our risks. And if we can use these the right way, then these KPIs will help us adjust our picks in real-time, leading to better chances at payouts.
Are you ready to test your skills and knowledge in the use of sports betting KPIs? Mag-register na at mag-bet sa for the best sports betting coverage!
Sage Chávez is a passionate researcher delving into the fascinating world of betting. Driven by a desire to demystify the complexities often associated with wagering, Sage is committed to creating accessible and insightful resources for newcomers. With a keen eye for detail and a knack for breaking down intricate concepts, Sage aims to empower beginners with the knowledge and confidence needed to navigate the betting landscape intelligently. This dedication culminates in their upcoming beginner’s guide, a testament to their commitment to fostering informed and responsible engagement within the betting community.
