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What is a Cluster Table?
Cluster Tables are a valuable tool for strategic betting in the Over/Under goals market. These tables contain interactive data sets that display goal distributions in a specific league during the five complete seasons before the current season.
The HO/AO quotient is a fundamental metric introduced by these tables that enables comparison between past and current data. This quotient also acts as a gauge of public opinion and indicates the perceived strength of the teams involved in the match under consideration.
Bettors can analyze the clusters to detect instances where the market may be mispricing a match’s outcome. This information is essential for making informed decisions about which bets to place and which to avoid, leading to a more profitable betting strategy. Bettors can capitalize on opportunities that others may have missed.
Cluster Tables allow bettors to calculate true probabilities and ‘Zero’ odds by considering a team’s current form (HO/AO Quotient). Bettors can compare their calculations with the market prices and make informed decisions about where to place their bets.
These tables are designed for the Over/Under goals market, where historical data provides a clear indication of a team’s likelihood of scoring a particular number of goals.
What are ‘Zero’ odds?
In the world of gambling, understanding odds is essential. The ‘true’, ‘fair’, or ‘zero’ odds are terms used interchangeably to refer to those odds that exactly reflect the statistical expectation of an event. For instance, the ‘true’ odds for the toss of a coin are 2.0 (evens) because the probability of the coin landing heads or tails is exactly 50/50. These odds are calculated based on historical results and are used as a benchmark for evaluating the accuracy of bookmakers’ prices.
The fair odds or ‘zero’ odds for an event is essential in finding ‘value’ in bets. If every bet would be placed at the ‘zero’ odds, the outcome of any number of bets would be a ‘zero’ sum game. The zero odds are used as a reference point for determining whether a bet represents a value bet opportunity or not. Prices offered above the zero odds represent value back bet opportunities, while prices offered below zero odds represent value lay bet opportunities.
Why are ‘Zero’ odds important?
The zero odds of an event play a crucial role in determining the accuracy of bookmakers’ prices and identifying temporary or lasting pricing ‘errors’ caused by fluctuations in demand and supply. Once the zero odds are known, it becomes possible to evaluate whether a bet represents a value bet opportunity or not.
The price of a bet is influenced by the popularity of that bet among punters and the balancing act of monies received between the outcomes carried out by the bookmaker via price fluctuations to create its margin/profit. Price fluctuations, which are changes in the odds from the opening of the market to the end of the event, are driven by both demand (punters) and supply (bookmakers), and not dictated solely by the bookmaker.
Finding ‘value’ in a bet involves determining the actual estimated probability of an event based on historical results and obtaining odds representing a lower probability if backing or a higher probability if laying. The higher the odds obtained above the zero odds are, the more profitable your long-term back bet portfolio should be, while the lower the odds obtained below zero odds are, the more profitable your long-term lay bet portfolio should be.
In conclusion, understanding ‘zero’ odds is critical in the world of betting as it is the benchmark for evaluating the accuracy of bookmakers’ prices and identifying value bet opportunities. Zero odds are a useful tool for gamblers looking to make long-term profits from gambling by exploiting temporary or lasting pricing ‘errors’ caused by fluctuations in demand and supply.
Our Cluster Tables are a tool to help to calculate probabilities and convert them into Zero-Odds for Over/Under bets and hence, compare market prices with true odds in order to find value in the market.