Re:Show HN: Football Prediction API
by rorygreig on Wednesday March 14, 2018 @02:12PM
(#16586953)
This seems too good to be true. If they could actually predict football results with better-than-random accuracy, then why wouldn't they just use this themselves to make loads of money on betting markets?
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Re:Show HN: Football Prediction API
by notahacker on Wednesday March 14, 2018 @02:17PM
(#16587012)
I don't think they're claiming their statistics-based predictions are necessarily more accurate than the bookmakers' odds
Good point, I suppose "69%" accuracy doesn't actually mean that much unless you consider the odds.
I'm pretty sure I could predict Real Madrid vs. my local home town team with better than 69% accuracy, but that doesn't mean much
Well sure, but there are over 2200 games per month and less than 3-5% are the kind of games you are talking about. Super good team vs terrible team (assuming your local home town team is not Barcelona)
It has 69% accuracy, that means you still lose 31% of the time.