Lies, damned lies and statistics in the tipster world
In the crazy world we live in currently, the collection and analysis of data is never far from the headlines.
Whether it be examining the polls for the Presidential Election or the spread of Covid-19 and the need for lockdowns, the ability to interpret complex data and make informed decisions from it is key.
As we have seen from the different approaches to Covid-19 across the world, many ‘experts’, especially the uninformed political variety, continue to interpret data incorrectly and make often well-meaning, yet flawed decisions.
Yet, what you may ask – does that have to do with betting?
The reality is that whatever field you work in, interpreting data and its outputs is vitally important, including SBC’s world of tipster reviews and recommendations.
Certainly nowhere near as important as working out how to counter the spread of Covid-19, yet for those of us interested in betting and the goal of making money, it is important to us.
Yes, we can review a tipster from the basics of data. Pick out what they made over the last 3 months or simply pile in on one that made the most money in 2020, but would that be right?