I have seen several posts recently where members claim that the NFL is the "sharpest market in the world."
This is mathematically incorrect.
The Premier League (and top-tier European football in general) is significantly more difficult to model and beat long-term.
This is mathematically incorrect.
The Premier League (and top-tier European football in general) is significantly more difficult to model and beat long-term.
- Outcomes: The NFL is a 2-way market (Moneyline/Spread). Football is a 3-way market (Win/Draw/Loss). The addition of the Draw exponentially increases the complexity of the probability distribution.
- Scoring Frequency: High-scoring sports (NFL/NBA) regress to the mean more reliably. In a low-scoring sport like football, a single random event (red card, deflection, penalty) has a 100% impact on the result. Variance is higher. Signal is lower.
- Liquidity: The global betting volume on the Premier League dwarfs the NFL. More liquidity means a more efficient market.