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Analysis of the predictive qualities of betting odds and FIFA World Ranking: evidence from the 2006, 2010 and 2014 Football World Cups

Overview of attention for article published in Journal of Sports Sciences, August 2016
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Title
Analysis of the predictive qualities of betting odds and FIFA World Ranking: evidence from the 2006, 2010 and 2014 Football World Cups
Published in
Journal of Sports Sciences, August 2016
DOI 10.1080/02640414.2016.1218040
Pubmed ID
Authors

Fabian Wunderlich, Daniel Memmert

Abstract

The present study aims to investigate the ability of a new framework enabling to derive more detailed model-based predictions from ranking systems. These were compared to predictions from the bet market including data from the World Cups 2006, 2010, and 2014. The results revealed that the FIFA World Ranking has essentially improved its predictive qualities compared to the bet market since the mode of calculation was changed in 2006. While both predictors were useful to obtain accurate predictions in general, the world ranking was able to outperform the bet market significantly for the World Cup 2014 and when the data from the World Cups 2010 and 2014 were pooled. Our new framework can be extended in future research to more detailed prediction tasks (i.e., predicting the final scores of a match or the tournament progress of a team).

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The data shown below were collected from the profile of 1 X user who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 51 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 51 100%

Demographic breakdown

Readers by professional status Count As %
Student > Master 9 18%
Student > Ph. D. Student 7 14%
Student > Bachelor 5 10%
Student > Doctoral Student 5 10%
Researcher 4 8%
Other 5 10%
Unknown 16 31%
Readers by discipline Count As %
Sports and Recreations 11 22%
Business, Management and Accounting 5 10%
Medicine and Dentistry 4 8%
Psychology 4 8%
Decision Sciences 2 4%
Other 9 18%
Unknown 16 31%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 1. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 14 December 2016.
All research outputs
#17,835,502
of 22,912,409 outputs
Outputs from Journal of Sports Sciences
#3,354
of 3,793 outputs
Outputs of similar age
#259,078
of 355,952 outputs
Outputs of similar age from Journal of Sports Sciences
#96
of 106 outputs
Altmetric has tracked 22,912,409 research outputs across all sources so far. This one is in the 19th percentile – i.e., 19% of other outputs scored the same or lower than it.
So far Altmetric has tracked 3,793 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 15.8. This one is in the 9th percentile – i.e., 9% of its peers scored the same or lower than it.
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We're also able to compare this research output to 106 others from the same source and published within six weeks on either side of this one. This one is in the 6th percentile – i.e., 6% of its contemporaries scored the same or lower than it.