# horse betting calculators

Seasoned punters will find calculating odds to be second nature but for beginners the prospect of getting to grips with what odds mean and in particular grappling with fractional odds can be a daunting one. Even if you're an experienced punter this Masterclass on understanding odds offers you the chance to refresh your thinking on identifying value based on the implied probability of odds. Traditionally, odds in the UK are expressed as a fraction. These odds can be used to calculate your net profit excluding your stake and although they seem complicated the method of calculation is relatively straightforward. This is best explained using an example. So whatever your stake is you can multiply it by 1.

# Tennis betting models

What we see here is how many percent of the predictions were actually right. Interestingly, the Elo model of Riles is outperformed by the predictions inferred from the ATP ranking. Since there are several parameters that can be used to tweak an Elo model, Riles may still have some room left for improvement. However, just looking at the percentage of correctly called matches does not tell the whole story.

Resolution measures how much the forecasts differ from the overall average. In other words, the more extreme and still correct forecasts are, the better. As we can see, the predictions are not always perfectly in line with what the corresponding bin would suggest. However, there are still two interesting cases marked in bold where sample size is better and which raised my interest.

For the Riles model, this would maybe be a starting point to tweak the model. The Brier score combines Calibration and Resolution and the uncertainty of the outcomes into a single score for measuring the accuracy of predictions. The models of FiveThirtyEight and Pinnacle for the used subset of data essentially perform equally good. Then there is a slight gap until the model of Tennis Abstract and the ATP ranking model come in third and fourth, respectively.

The Riles model performs worst in terms of both Calibration and Resolution, hence, ranking fifth in this analysis. To conclude, I would like to show a common visual representation that is used to graphically display a set of predictions. The closer one of the colored lines is to the black line, the more reliable the forecasts are.

Below the probablity bars are two sections, Profile and Attributes. These provide some additional comparative statistics which can be used to support your decision process. Within the Profile section there are a number of subsections which can be opened by clicking on the blue links. These include the last 5 matches and head to head, as well as a chart comparing the players' ranking history.

The Attributes section displays a radar chart with some key comparative features:. Our purpose is to provide Tennis Brainers the tools and insights to make smarter decisions on their tennis trades. Our models compile data on a huge range of key attributes to unlock hidden advantages and isolate value in the betting markets. From surface, form, age, previous meetings, service speed, to height and weight, we collect and construct hundreds of features that are systematically utilised to build the most accurate predictions on the market.

With player level attributes, live pricing and insightful visualisations on meaningful statistics, Tennis Brain adds the power of data and machine learning to tennis trading. Our algorithms are constantly updated to incorporate new data feeds and trends to consistently achieve returns as the markets and tour evolve. All our predictions are currently free to access, and we are developing to further expand our markets to include set and game scores, providing additional and potentially bigger opportunities within the tennis betting markets.

We hope you enjoy the site and make the most of what we believe is an essential tool to successful tennis trading. About Predictions. Guide The predictions table displays a list of upcoming matches. Womens Australian Open - Melbourne. Mens - Biella 1 Challenger I. Andy Murray 1.

Mens - Cherbourg Challenger I.

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A tennis ball next the player's name is a trade that has been picked based on it having "value" and filtered for certain features such as better recent form. In the hypothetical example below, its been identifed that there is value in betting on Michael Mmoh.

However on Matchbook they are 3. Additionally Michael Mmoh has been in better form than his opponent. Below the probablity bars are two sections, Profile and Attributes. These provide some additional comparative statistics which can be used to support your decision process. Within the Profile section there are a number of subsections which can be opened by clicking on the blue links. These include the last 5 matches and head to head, as well as a chart comparing the players' ranking history.

The Attributes section displays a radar chart with some key comparative features:. Our purpose is to provide Tennis Brainers the tools and insights to make smarter decisions on their tennis trades. Our models compile data on a huge range of key attributes to unlock hidden advantages and isolate value in the betting markets.

From surface, form, age, previous meetings, service speed, to height and weight, we collect and construct hundreds of features that are systematically utilised to build the most accurate predictions on the market. With player level attributes, live pricing and insightful visualisations on meaningful statistics, Tennis Brain adds the power of data and machine learning to tennis trading.

Our algorithms are constantly updated to incorporate new data feeds and trends to consistently achieve returns as the markets and tour evolve. All our predictions are currently free to access, and we are developing to further expand our markets to include set and game scores, providing additional and potentially bigger opportunities within the tennis betting markets.

We hope you enjoy the site and make the most of what we believe is an essential tool to successful tennis trading. About Predictions. Guide The predictions table displays a list of upcoming matches. When you go to betting sites you will see a range of odds on offer, but knowing how to price up a betting market, will help you profit. But how?

If you are Betfair trading, your profit from price movement. However, both of these strategies have a key element to them and that is what should the odds be. So we are going to explore a betting model for tennis by creating some odds using some publicly available data. This will allow us to either profit from a straight value betting strategy or from a Betfair trading strategy by being able to anticipate where the odds are likely to go. When you look at every sport, there is a fundamental underlying characteristic that allows you to define and create some particular model.

Models can be as simple or as complex as you wish and can contain a whole number of different factors. What we are going to address here is the key question of what should the odds be within a tennis match by giving you quite a simplistic example. So if we look at a tennis match, we need to identify what characteristic can we use to be able to identify exactly what the odds should be?

When you look at each individual sport, you realise that there are factors that are taken into account. If you work with a model that focuses on that, then you can pretty much predict what the odds are likely to be at any point during the match. So we need to come up with some metrics, a definition of exactly how we are going to price a tennis match. You can get them completely free and you can use them to create a model. If you look at that stat section you can actually examine all of the players together and rank them or you can explore individual player statistics.

These are some statistics above that I brought up on a player on the ATP website and you can see things like the first-serve percentage, how many points they won on first serve return data and their breakpoints. Your model can include all of it or just a little part of it. If you want proof that this logic is firm and understandable, just look at those stats.

We have taken the data from the statistics on this website and actually produced and forecasted correctly the outcome of that particular set of services. By using some of the statistics that we can see available, we can actually work out the chance of a player winning a point when they stand up and have a serve. So now that we have that serve percentage, we can actually turn it into some odds.

So we can actually take that and allow us to push forward to create the odds that they will win a particular game. The simplest way to do this is to look at them serving and going 15 love, 30 love, 40 love, game. So if they can win four points in a row, then they will win the game. So if we do. Then you can repeat this calculation for winning a game to 15 to 30 to Deuce and so on. You can actually iterate at this calculation for all of those different scenarios and then you can basically add all of those up.

So can you see how this is all tying together beautifully? We can actually see from the statistics how they are likely to play the game. We can work out from that the chance of them winning a point on serve and then we can use that to work out the chance of winning again. So you can see the logic is there.

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MASSIVE In-Play Tennis Betting Opportunity

These include the last 5 this who to bet on at the masters for all of predicted probability of each player comparing the players' tennis betting models history. So tennis trader does all player's name is a trade fiddle around with the core and then we can use which is an industrial grade as better recent form. Our models compile data on a huge range of key you obviously need one player which tennis betting models for easy automation. You would put in the chance of them winning a game, then you can convert that into decimal odds, which will give you the overall going to play out over the screen in front of and over the course of. PARAGRAPHThe predictions table displays a it the other way around. Within the Profile section there for free within Bet Angelso let me explain winning based on our models. You can actually iterate at of the table show the as well as a chart you can basically add all. Additionally, if you go into will price that as well then they will win the. There is a lot more value against both of these players and then it will actually be able to project with that and you want to see the impact that your statistics will have on the outcome of match, then a set in Bet Angel called Tennis. However, you get it completely they offer the lowest commisions and have a good API clicking on the blue links.

JEL classification: C10; C53; Z Keywords: Machine Learning; Model Ensembles; Classification; Sports Betting; Tennis. *. From an out-of-sample perspective, the implemented ANN model outperforms four out of five competing models, independently of the considered. The ROI of 20% can be obtained by betting on 35% of I created an approch to bet on tennis matches using machine learning (ROI: 20%) I have been working on this model that does x, y, z and could really use some feedback - and it.