Do stats actually help, or can they also mislead bettors?

[junder]

This type of sports betting is a game whose chances of winning can be increased by available means such as one of them is by utilizing existing information before betting such as statistics. I think these statistics can help us, but it only helps in the concept of determining the bet to be placed (as a consideration), and can increase the chances of winning as well but in the end the victory is determined by luck.

[maydna]

You need luck to win but you could still analyze and hope you can win someday. You don't have to feels sad if you are not yet to win because your turn will comes soon and gives the win. Research is the way you should do so yes, statistics gives you more information about the games.

That is just a number and the game can changes in the field so anything can happens and if you say your prediction could gives the win, that doesn't mean you will wins. Many times we see the situation change and makes us lost.

[Bigjoe33]

For me, it's. Yes and No answer..

Yes because to an extent, the research and statistics you check helps to direct you when making selection, especially when you check there recent performance and goal scoring ratio for people who play goal options mostly. So, with recent performance of the team seen from the stats, you can make a better option when gambling or betting.

It is a No because many times, football doesn't work according to stats or present performance of teams. That why so many times, we have seen little odds win a big odd in games, and those who chooses little odds begin to blame themselves why they choose the little odd.

So, for me, betting is a game of luck, and nothing more. If you select and win, it's your luck, and vise versa.

[ralle14]

It can go both ways, but I still use them more often than not because that's what the odds makers also rely on whenever they make adjustments. There will be matches when stats are suddenly thrown out of the window, but those scenarios don't happen a lot of the time, and if a certain team keeps misleading you, then maybe it's time to put them on your blacklist. Some of the top teams will always overperform, and regression is bound to happen at a later point. This is why slowing down helps once you're in that phase, or at least avoiding trap odds that appear too good to be true.

[DrBeer]

I do sports betting myself, and I do spend time analyzing before I place a bet, and actually I even check different sources just to compare stats and make sure I am not missing anything. But even with all that effort, I still cannot say I am profitable. So now I am starting to question it. Am I just analyzing the wrong way or is it really that hard to win consistently even if you study the numbers? sometimes it feels like the more stats you look at, the more confused you get and in the end the result still goes against you.

That is why I am wondering if stats really help bettors, or if they also mislead us and just make us feel more confident than we should be. At some point, is it better to keep trusting analysis, or just slow down and bet with simpler judgment instead of overthinking everything?

Statistics and analysis are a wonderful and sound idea. If we’re talking about events that follow certain patterns, laws, or "mathematical formulas"

But sometimes a process that is entirely statistically predictable can go wrong due to completely unpredictable factors. A good example is in the neighboring thread:
https://bitcointalk.org/index.php?topic=5584294.0 
Statistically, the result should have been different-100% different! But...