
Explore decimal odds in football betting, compute payouts by multiplying stake by decimal odds, and convert odds into win probabilities for Arsenal, Wolfsburg, and Barcelona.
Explain how overround sums market probabilities and hides bookmaker margins, and demonstrate adding and removing overround to convert between probabilities and odds using the Arsenal v Manchester City example.
Clarify how the over-round relates to house edge, revealing that RTP equals 1 divided by over-round and that higher over-round widens the house edge, with practical examples and simulations.
Explore why over-round varies by bookmakers and market conditions, from timing and confidence to competition level and market size. See how the number of selections also shapes over-round.
Learn how to compute double chance odds from match result probabilities, combining 1 or X, X or 2, and 1 or 2, using decimal odds, overround, and RTP.
Convert El Clásico 2018 correct score odds to 100% probabilities, map to full-time scores 0–6, and price markets such as home win, draw, away win, goal-goal-no-goal, and over-under 1.5.
Compute expected goals from correct score probabilities by summing scorelines to derive total match goals and home and away expectations from a Barcelona v Real Madrid grid.
Use expected goals to obtain intuitive, two-number goal forecasts, split by halves, and even estimate penalties; these decimals enable easy calculation of match probabilities and odds.
Apply the Poisson distribution to football penalties using the average penalty rate. Derive match probabilities for 0, 1, 2, or 3 penalties and compare with real data.
Evaluate how penalty goal share varies across seasons and why using mixed recent data matters for calculating football odds and player props.
Apply Poisson probabilities to estimate penalties in Barcelona vs Real Madrid and total goals, using lambda as the mean and Google Sheets Poisson.dist for calculations.
Compare match goal probabilities using Poisson distribution with an average of 2.56 goals, showing data vs Poisson similar, and learn reasons to use Poisson for penalties and player props.
Apply the Poisson distribution to turn home and away expected goals into correct score probabilities for El Clasico, normalize them, and compare Poisson estimates with bookmaker probabilities while noting limitations.
Apply Poisson distribution to football goals to estimate score probabilities and markets such as 1x2 and both teams to score, using expected goals and noting constant scoring rate and independence.
Price El Clasico 2018 player props by allocating Barcelona and Real Madrid expected goals to stars using season goals, starting lineups, and Poisson-based scoring probabilities.
Explore calculating El Clasico player props using expected goals and shot context, grounded in Understat data and Poisson modeling to estimate game xG and goal probability.
Calculate overround and adjust odds to 100% probabilities, the foundation for pricing market odds. Apply expected goals and the Poisson distribution to price penalties, hundreds of markets, and player props.
An easy to follow, fun course to understand the fundamental concepts of calculating odds and probabilities for a multitude of football match markets.
Specifically we´ll look at
1. Converting Odds to probability and adding or removing extra probability margin.
2. Calculating other primary and secondary markets from correct score input odds
3. Calculating expected goals from correct score inputs
4. Breaking down expected goals using real life statistics
5. Using the poisson distribution to calculate probabilities
6. Using different sources of real life data to calculate player props
We´ll apply all of these techniques to one of biggest games in recent times, el clasico between Barcelona and Real Madrid back in 2018. This game features some the most well known players to play the game and so you´ll have the opportunity to price up some exceptional player props!
By the end of this course you will have understood and developed skills to calculate hundreds of football
match markets yourself, using the same techniques used by real life sportbooks.
This will help you understand the full process of pricing up main, secondary, special markets and player markets and will empower you and use and develop your own techniques on any other match from any league around the world!