How hot-hand fallacy works in football betting
Yes, we have already talked about the phenomenon of the «hot hand» in one of our sports betting guides. Many punters do not take is serious, thinking it only applies to basketball. However, this concept is nothing new to sports betting and finds its application in many other sports. Let's find out how it works in football?
It is tough to crack the betting code, especially when it comes to the top European football leagues. Such competitions like Spanish La Liga or English Premier League are precisely verified by the market and oddsmakers. There is just too much information out there about these fixtures, which allows the odds to reflect the actual probability (in some sense). Such a scenario creates a situation where bettors cannot really be profitable due to the environment rules.