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New section about betting results
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pjastam committed Jul 21, 2019
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25 changes: 24 additions & 1 deletion NL_eredivisie_2014_2019.Rmd
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---
title: "Bayesian estimation of a Poisson model for Dutch football matches odds"
author: "Piet Stam"
date: "July 20th, 2019"
date: "July 21st, 2019"
output: html_document
---

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- [Predicting the future](#prediction)
- [Betting on the match outcome](#matchbetting)
- [Betting on the correct score](#scorebetting)
- [Betting results](#bettingresults)

5. [Appendix](#appendix)
- [Who do you call?](#contact)
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[Return to table of contents](#index)
## <a name="bettingresults"></a>Betting results
As the English say: "put your money where your mouth is". So, at the time, I placed a 1 euro bet on three potential outcomes of the AZ-PSV match:
* a 0-0 equalizer
* a 1-1 equalizer
* an AZ win over PSV
I uploaded my official betting ticket to GitHub as proof:
![](https://user-images.githubusercontent.com/8238853/61595945-b8fa5580-abfd-11e9-83ea-4933f6bcd9ee.PNG)
As the true outcome of this match was a 1-0 victory of AZ over PSV, the results of my betting adventure are a loss, a loss and a win, respectively. Here you can find the official ticket with my betting results (in reverse order):
![](https://user-images.githubusercontent.com/8238853/61595949-c283bd80-abfd-11e9-8f93-8efb7131be60.PNG)
So, with a 3 euro stake I earned 4.15 euro, which means a profit margin of 1.15 / 3 = 38%.
For those interested, my bets were placed on [the Dutch Lottery website](https://toto.nederlandseloterij.nl/) (disclosure: I do *not* own shares in that company) and I posted about my one-off betting experience [on LinkedIn](https://www.linkedin.com/pulse/de-bal-rond-piet-stam/) (in Dutch) at the time.
[Return to table of contents](#index)
# <a name="appendix"></a>Appendix
## <a name="contact"></a>Who do you call?
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