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Estiamting Soccer Results in the Israeli League

Nissim Ben David and Evyatar Ben David

Journal of Gambling Business and Economics, 2011, vol. 5, issue 2, 23-41

Abstract: In this paper, we suggest a method that uses past soccer tournament results to estimate the probabilities for the various possible scores of soccer game matches. Given forecasted probabilities, we try to have the best guess for bets concerning the results in the Israeli league. We applied the method for estimating the probabilities of wining, losing or ending in a tie for any possible future match amongst the sixteen premier Israeli league teams. The method we suggest may be used for sport bets for decreasing cost while improving the probability of success.

JEL-codes: L83 (search for similar items in EconPapers)
Date: 2011
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Journal of Gambling Business and Economics is currently edited by Leighton Vaughan Williams, Nottingham Business School

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