How To Improve Your Soccer Bets Using The Rateform Method
How To Improve Your Soccer Bets is a series of articles that describe some well known and well used statistical techniques that will help the soccer punter make more informed bets. Each of the techniques has its own advantages and disadvantages and using them in isolation will improve your chances of winning. However, together they will prove invaluable in your battle with the bookies. In each article we will describe in detail how a particular method works giving you enough information for you to go ahead and create your own forecasts. We will also give you information as to where you can already find websites that use this technique in comprising their weekly forecasts. The statistical methods described in this set of articles will help you to arrive at a better decision about the match, or matches, that you are betting on. In this article we will be describing the well known Rateform method. The Rateform method has its origins in The Rating Of Chessplayers by Professor Elo, and from the Punters Revenge by Tony Drapkin and Richard Forsyth. The basis of the Rateform method is that each of the two teams taking part in a match is given a point score that is based on their current form. Although this sounds very simplistic, and it is, its calculation is a little more involved. Here are the basic rules…
1. Each team is given a point score representing their current form.
2. At the start of the season each team is given 1000 points.
3. When a match is played both teams contribute some of their points towards a kitty.
4. The home team supply more points into the kitty than the away team. This is done to reflect the home teams advantage of playing at home.
5. The winning team takes the kitty, unless the result is a draw in which case both sides share the points. In the case of a draw the away side gains points and the home side looses points. Here is how a typical calculation is made… home team points total = HTPOINTS away team points total = ATPOINTS home team contribution to kitty = HTKITTY = 7% of HTPOINTS away team contribution to kitty = ATKITTY = 5% of ATPOINTS the kitty therefore = KITTY = HTKITTY + ATKITTY if the result is a HOME WIN then home team receives KITTY points added to HTPOINTS away team receives zero points added to ATPOINTS and looses its 5% contribution to the kitty if result is an AWAY WIN then home team receives zero points added to HTPOINTS and looses its 7% contribution to the kitty away team receives KITTY points added to ATPOINTS if the result is a DRAW then home team receives KITTY / 2 points added to HTPOINTS away team receives KITTY / 2 points added to ATPOINTS Let’s look at a simple example of how you could apply this… To calculate the possible outcome of a match based on rateform the away rateform is subtracted from the home rateform and the difference is compared against set values for home, away and draw possibilities. For example we could make our set values as follows: AWAY WIN -250 DRAW 150 HOME WIN RATEFORM DIFFERENCE = HOME TEAM RATEFORM – AWAY TEAM RATEFORM So, if the RATEFORM DIFFERENCE is less than -250 then the match is likely to be an away win, if the RATEFORM DIFFERENCE is greater than 150 then the match is likely to be a home win, and if the RATEFORM DIFFERENCE lies between then the outcome is most likely to be a draw. Now it’s your turn… Of course you may choose to use different values to those shown above and by experimenting you may come up with better values to use. You could also decide not to reset each teams points to 1000 at the start of the season but instead let them carry over into the next season. Another alternative would be to have a rolling calculation where you calculate the rateform for each team on say the last six months. If you have the necessary skills you could go away and build your own spreadsheet of data or even write a piece of software to take in results and fixtures and apply the Rateform method to your data. Or, if you’re lazy like me, you could grab some free software that already does this for you. If this last option is for you then visit 1X2Monster where you can download a FREE copy of the Footyforecast 2.0 software which utilises all of the statistical methods described in this series of articles. You will also be able to download FREE weekly database updates for your software, how cool is that? Here is a list of all the articles in this series… How To Improve Your Soccer Bets Using The Rateform Method. How To Improve Your Soccer Bets Using The Footyforecast Method. How To Improve Your Soccer Bets Using The Win Draw Loss Method. How To Improve Your Soccer Bets Using The Simple Sequence Method. How To Improve Your Soccer Bets Using The Score Prediction Method. How To Improve Your Soccer Bets Using The Superiority Method.