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Bookies use their own soccer prediction models. Their odds are usually calculated in a way that lowers the payoffs for match favorites. The accuracy of these predictions can be carefully analyzed by comparing between the wagering odds and the real final result of soccer games. (Tag: Free soccer predictions)

This article compares between the accuracy of the soccer predictions made by bookies in 2010/11 and the first half of 2010/11. The comparison is based on the average wagering odds from the top European soccer leagues.

Data and methods

To compare the accuracy of the bookies' predictions, the writers of this article carefully analyzed the match final results and average wagering odds of the following 10 major European soccer leagues: Austrian Bundesliga, English Premier soccer league, Dutch Eredivisie, French Ligue 1, German Bundesliga 1, Greek Ethniki, Italian Serie A, Scottish Premier soccer league, Spanish Primera Division and Turkish Super Lig.(Tag: Free soccer predictions)

The final result of a match was estimated on the basis of the average payoff offered by the bookies for that match. The possible profit of a bettor who bets on bookies' favorites was calculated according to the average wagering odds.

Summary

The final conclusion was that the bookies successfully predicted the final result of more than 54percent of games in the seasons 2010/11 and 2010/11. Thus, the average accuracy of bookies' soccer predictions is relatively high in the case of major European soccer leagues. Nonetheless, the low profits make these predictions highly unprofitable as wagering tips.

1x2 wagering:(Tag: Free soccer predictions)

-- Losses of -4percent and -2percent respectively were estimated for bettors, who used fixed odds as wagering tips.
-- The only profitable soccer league in those 2 seasons was Austrian Bundesliga (+14percent and +6percent of profit) with more than 60percent of correct match predictions.
-- The most unprofitable soccer soccer leagues were Scottish Premier (-22percent and -6percent) and German Bundesliga (-11percent and -6percent).
-- The most drastic improvement in 1x2 wagering profits was observed for the Dutch Eredivisie soccer league where the profit changed from -11percent to +8percent.
-- The most drastic degradation in 1x2 wagering profits was observed for the Turkish Super Lig soccer league where the profit changed from +4percent to -18percent. (Tag: Free soccer predictions)

Total under/over bets are the most unprofitable:

-- Total under/over 2.5 losses were nearly the same in both seasons and equal to 10percent.(Tag: Free soccer predictions)

The final conclusion is that using bookies' soccer predictions as wagering tips does not pay off in daily wagering. Though the accuracy of their predictions is high, their odds do not result in wagering profits. Free soccer predictions here