Read The Times Australia

Daily Bulletin

A tip to win your office footy tipping? Don’t listen to the experts

  • Written by: The Conversation Contributor

The start of the AFL season brings with it one additional weekly commitment for thousands across Australia. As footy tipping competitions spring up across workplaces, in pubs and among groups of friends, many will be asking themselves:

Did I remember to enter my tips?

Predicting the outcome of each of the 198 home-and-away matches is no small task. However, in the age of internet forums and 24-hour news coverage, there’s never been more opinion written about who will win each game. But which of these sources are reliable? And which are simply unfounded speculation, cliché or guesswork?

I have examined a dataset of all home-and-away AFL games since 2010, and applied a few different tipping strategies to find which would have produced the best predictions. Some appear to be more reliable than others at a first glance. But which stand up to scrutiny against historical results?

The laziest method

The simplest system for generating tips is simply flipping a coin for each game.

Assuming you never tipped a draw, this would return on average around 49.6% of correct tips – exactly half of the matches that do not end up a draw.

There are clearly better methods to be used.

Home sweet home

Another simple system would simply be to tip the home team in each game, assuming there is some competitive advantage to home sides.

This is complicated somewhat by the number of teams sharing stadiums. The nine Melbourne teams share just two home grounds. In both South Australia and Western Australia, a single stadium is shared by two clubs. Nonetheless, each game has a designated home team, and this strategy involves tipping that side.

History suggests that this is superior to the naïve 50/50 choices, but not by as much as some people might think. Over the past six seasons, just over 55% of home teams have won.

Tip the leader

Another commonly employed method involves a simple glance at the ladder each week and tipping the side in the higher position. This method is widely used, especially among the sport’s less dedicated followers.

For simplicity’s sake, I have assumed Round 1 games are tipped according to a simple coin flip but all subsequent rounds are predicted by the ladder.

Unsurprisingly again, this method has delivered better results than either of the two previously discussed. Over the past six seasons, more than twice as many games have been won by the higher-ranked side. The success rate with this method was more than 70% in each of the 2011, 2012 and 2013 seasons.

The experts

Melbourne’s Herald Sun newspaper assembles a panel of experts to tip each round. This group of 28 (in 2015) or 29 (in 2014) consists primarily of AFL journalists, broadcasters and current and ex-players. It would be easy to argue that few people could predict results better than those who have played or write about the game for a living.

Across the board, though, the results are perhaps less impressive than you might think. In both years, the average expert called less than 63% of games correctly.

While some pundits did especially well in some years, their status as predictive geniuses is perhaps undermined when looking at both years together. 2015’s tipping champion was in the middle of the pack a year prior. 2014’s leader backed it up by dragging down the panel’s average in 2015.

Call on the statisticians

Since 1981, a computer program developed by Swinburne University’s Stephen Clarke has generated predictions for every AFL game. His work has been much discussed over the years and frequently claims to outperform most experts.

Although the exact formulae within the model have been tweaked over the years, it has always primarily relied upon two main factors – home-ground advantage and each team’s form, with heavy weighting on their most recent matches. From this, Clarke estimates that the home ground can be worth as much as a ten-point advantage in some games.

The tipping algorithm’s results are impressive. With more than 69% of correct tips in 2015 and more than 70% in 2014, it comfortably outperforms the panel of experts. Not one pundit was able to beat the computer in both seasons.

Bet on the bookies

Many tipsters will not enter their predictions without a quick glance at the latest bookmakers’ odds.

Relying on bookies’ prices is essentially a hybrid of several of these approaches, along with what statisticians sometimes call the wisdom of the crowd. Computer models and expert opinions inform the odds initially offered, but they frequently change in response to money wagered by the general public. If many punters start to back a team at a given price, their odds will soon shorten.

The simple strategy of believing that the bookmakers know best delivered better results than any other method I’ve discussed. More than 71% of “favourites” – the side with the shortest odds – in each of the past five seasons have won.

In cases where both teams were equally priced, I assumed a simple coin-flip scenario.

None of the other methods reached this benchmark in even a single season, apart from backing the higher placed side in the 2013 season. Even this was surpassed by the bookmakers method, which called almost three-quarters of tips correctly that year.

image CC BY-ND

Tips for success

If you’re looking to win your colleagues’ and friends’ respect – and possibly their money – you can do a whole lot worse than simply tuning out of the countless hours of TV and radio analysis and averting your eyes from the numerous column inches in print.

The arguments made may sound informed and eloquent, but they are not guaranteed to prove correct. History suggests that you are more likely to out-think yourself and overlook the obvious.

When it comes to consistent tipping success, a history of premiership wins, All-Australian honours or thousands of hours of airtime don’t count for that much. Perhaps, betting slip in hand, the humble figure in your local TAB outlet could tell you more than the “experts”.

Authors: The Conversation Contributor

Read more http://theconversation.com/a-tip-to-win-your-office-footy-tipping-dont-listen-to-the-experts-56208

Business News

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

Australian organisations are relying on business continuity plans built for a far more predictable world

Tariff escalations, supply chain fragility, geopolitical events, and the ongoing threat of cyber disruption have reshaped the risk environment facing Australian organisations. The problem is that ma...

Daily Bulletin - avatar Daily Bulletin

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Choosing an ELISA Format That Matches Your Target

A colorimetric ELISA ends with a plate that has developed color, and the instinct is to read more ...

Why Accurate Measurements Matter When Ordering Flatpack Cabinets

Ordering flatpack cabinets can make a renovation or storage project more manageable, but the proce...

How Long Does Interstate Freight Take in Australia?

If you have ever arranged for stock, equipment or materials to travel from one Australian state to a...

How AEC Firms Can Scale Faster Without Sacrificing Project Quality

Growth presents a fundamental dilemma for architecture, engineering, and construction firms: expan...

What Makes an Aesthetic Clinic Worth Going Back To?

Trying an aesthetic clinic for the first time can feel like a bit of a gamble. You can read review...

Elevate Your Morning Routine with Cafe-Style Coffee at Home with the Right Coffee Machine

There's something magical about that first sip of coffee in the morning. It’s more than just a bev...

Top Garment Steamers for Busy Professionals in Australia

The gap between garment steamers built for a quick touch-up and ones built to keep pace with a wor...

Correct Sleeping Posture to Minimize Back Strain

Most people don’t pay much attention to how they sleep until they start waking up with a stiff bac...

Why Product Longevity Matters for Sustainable Australian Buildings

Sustainability in building design is often associated with recycled materials, renewable resources a...