Statistics are ubiquitous in the sport that has become a discipline with incredible economic power. Of course, there are well-known performance statistics in the media and all analyzes of data on the economic gains of sports clubs and federations. But other kinds of statistics have developed with the economic power of sports events, those that will be used to earn money.
There are 3 main areas around the sport where statistics are used a lot:
- The measure of sports performance used by the technical staff and the media
- the statistics of results, the calculation of odds and winnings for sports betting
- The measure of popularity, affluence and audience for sports marketing (sponsoring, media, advertising)
- All these statistics are familiar to sports fans because they are constantly present in the sports press. This surely explains the reason for the success of sports betting at the moment.
If we do not intercessions in this article to the last category of statistics must take into account that this is the popularity of a sport that will weigh on the financial issues. Concretely, football will be the subject of more expert attention than curling and the possibilities of making money will be much thinner. Everything must be measured and analyzed because every mistake can be fatal to reduce the risk of failure because in sport more than anywhere else, chance still plays an important role. Let’s take a closer look at the statistics approach that helps sports book players, bettors or bookmakers. But to understand sports betting, you have to understand where the statistics come from. With the Best Pay Per Head Sportsbook the options get better now.
What is performance statistics?
The phenomenon of data-journalism has been present for a long time among sports journalists. In all sports, print, television or online presses, figures are displayed in tables, charts and even in most paragraphs. Indeed the statistical interpretation of the sport makes it possible to account events for those who attended as for those who were not there. Because sport is above all a matter of result. Athletes must make a series of specific actions to achieve this result. All of this can be quantified to measure the effectiveness of each in order to obtain meaningful numerical summaries for analysis.
These statistics before serving the bettors, are used by the technical staffs to improve the performance of the player, driver or the team. They will also be used for recruitment, with sports managers partly referring to recruiters’ reports to make their choice.
This omnipresence of statistics in performance measurement comes from across the Atlantic where different sports have a particular culture. The phases of play are very small to focus on individual achievements.
Let’s illustrate the performance interpretation by statistics with an example. The efficiency (= rating) applied by the NBA, the North American Basketball League is a method that makes the difference between positive and negative statistics of the player in different compartments of the game to give a final score of effectiveness.