5/18 Blog

 Gambling on soccer can have a negative impact on an individual's health status. 

Here is my first experience with gambling during the World Cup 2022. 

Point 1: Betting on soccer can be very mentally taxing. My first bet was on the Japan vs. Germany game, and out of support for the Asian team and trust in the Japanese team, I earned close to seven times my winnings, or about $35 USD, with five US dollars capital. It made me feel like I might be able to make some money through this means of entertainment, after all it turned me from a neutral fan to a purposeful fan in many games and the game became exciting. 


However the side effect starts to appear, I would become restless or anxious when a goal had not been scored during the game. I have also seen some players in some software/app cursing at the team and even insulting soccer because they lost money. This has deviated from my original intention of watching the game, however, at that time, I only thought whether I could make more money with my wisdom and then stopped immediately. But, how can the power of an individual compare with the whole betting company?

After the World Cup was over, I realized that different matches, even with two identical teams, could produce big differences in results. The World Cup knockout rounds were almost free of any cold storms, except for Morocco's victory over Portugal, as there was no room for error and every team had to give their all and play for their glory. And in the group stage, some of the strong teams that have already made it out of the group stage did not have high spirits, so England, Brazil and other strong teams lost to weak teams. And different leagues, EPL, EFL Cup, etc. have all different. If it is easy to judge the end of the game just by the paper strength of the two teams, then it is too easy to bet on soccer.



Comments

Post a Comment

Popular posts from this blog

5/21 Blog

Image
 Section/Factor 2  Profit and loss index analysis Both profit and loss and Kelly Index are based on the analysis of the proportion of the public trading , to analyze the profit model of each large institution. Compared with the latter, the former gives stronger and more direct feedback to the profit situation of the institution. The process of calculating the profit index is actually the process of the cost accounting of the institution. I. Important parameters of profit and loss analysis This parameter is the proportion of public transactions of win, draw and lose results. According to this important parameter, the calculation formula of profit and loss index analysis can be solved. Ii. Profit and Loss index calculation formula The calculation formula of profit and loss index is actually a copy of the financial accounting model of most organizations. The specific formula is as follows: For example, 20100504 (This is the date of game) Wolfsburg vs. Hoffenheim (Background info: Wolfsb
Read more

5/11 Blog

 I've had a cold and a sore throat for the last few days. I think it's because I just came to Shanghai and haven't adapted yet. To help explain the importance of pricing the soccer matches you want to bet on, we'll use a simple example to explain how to do so. It is important to note that this pricing method actually has a lot of holes in it and on its own will not help you find value in the soccer betting market. First, I used a Poisson model to create 1X2 odds for the final round of matches in the Premier League 2020/21 season. By using Infogol's expected goals scored data for that season, we can calculate the offensive strength and defensive strength of each team at home and on the road. By using the ratio of team averages to league averages, we can evaluate the team's ability to score and concede goals relatively. We do not use actual goals scored, but rather expected goals scored. This data provides a more accurate picture of team performance and reduces th
Read more

5/9 Blog Post

Image
       Today I am flying from HangKong to Shanghai, and will be settled there for the rest time of project. I did some simple research of the history of soccer lottery, since this is just a blog, I am not going to spend a lot of time to describe it here because I create a google slide and will do all of the analysis and research there. Here is a brief summary of the history of soccer lottery. It originated in Europe with the popularization of the sport and has a long history, with a wide variety of lotteries such as win-loss, goal, semi-full and single games. Unlike other digital lotteries, it has predictability, spectacle, and higher winning rate than other lottery games. Technical analysis of handicaps and odds and team information gathering are important means of winning. Worldwide, soccer lottery tickets are sold by legally registered betting companies or government gaming agencies. In China, soccer lottery started late and was launched on October 26, 2001, issued by the China Spo
Read more