What is Odds & Betting Data? Best Datasets & Databases 2024

Odds & Betting Data Explained

Examples of odds & betting data include historical odds databases, odds data, and odds databases provided by sports betting data providers. This data is used for analyzing and predicting outcomes in sports betting, particularly in football. In this page, you’ll find the best data sources for odds and betting data.

How is Odds & Betting Data collected?

Odds & betting data is collected through various sources. Different leagues like the NBA, NFL, and NTL offers real-time scoring on their websites. This information can be gathered using web scraping tools. Sports channels can also be a source for this data. For esports games, game creators or organizations publish the results of matches. How the odds are calculated is based on the number of bet participants.

Main Attributes

Based on the number of data points in an odds & betting dataset, the common attributes for odds and betting data are as follows:
Winning probability: is a statistical prediction of the chances for a team to win. This is based on the previous performance of the team.
Number of Odds: this is calculated through which team has more bets placed on it. The payout is your principal amount times the number of odds. For example, for 3.00 odds, your $1 will be $3. There are many types of odds, like fractional odds, decimal odds, and American odds.
Win-lose record: this is the archived records of a team. This includes the number of times each team has played together and their win-loss record.

Use Cases

Investors and bettors use this data to gather information about the winning probability of a team. Odds & betting data is based on the statistical prediction of oddsmakers. This data helps new bettors decide which team to choose. A low odd means the chance of winning is likely. Odds & betting data also provide insights from expert analysts of each field.

Quality Assessment

To access high-quality odds & betting data, data providers must ensure that their data is clean, updated in real-time, and gathered from statisiticians and betting experts to ensure it’s accurate. Make sure that your odds & betting provider offers good customer service. One way of assessing a provider’s customer service is by checking the reviews of their datasets, and by requesting a data sample to counter check that their data is accurate.

Where Can I Buy Odds & Betting Data?

You can explore our data marketplace to find a variety of Odds & Betting Data tailored to different use cases. Our verified providers offer a range of solutions, and you can contact them directly to discuss your specific needs.

How is the Quality of Odds & Betting Data Maintained?

The quality of Odds & Betting Data is ensured through rigorous validation processes, such as cross-referencing with reliable sources, monitoring accuracy rates, and filtering out inconsistencies. High-quality datasets often report match rates, regular updates, and adherence to industry standards.

How Frequently is Odds & Betting Data Updated?

The update frequency for Odds & Betting Data varies by provider and dataset. Some datasets are refreshed daily or weekly, while others update less frequently. When evaluating options, ensure you select a dataset with a frequency that suits your specific use case.

Is Odds & Betting Data Secure?

The security of Odds & Betting Data is prioritized through compliance with industry standards, including encryption, anonymization, and secure delivery methods like SFTP and APIs. At Datarade, we enforce strict policies, requiring all our providers to adhere to regulations such as GDPR, CCPA, and other relevant data protection standards.

How is Odds & Betting Data Delivered?

Odds & Betting Data can be delivered in formats such as CSV, JSON, XML, or via APIs, enabling seamless integration into your systems. Delivery frequencies range from real-time updates to scheduled intervals (daily, weekly, monthly, or on-demand). Choose datasets that align with your preferred delivery method and system compatibility for Odds & Betting Data.

How Much Does Odds & Betting Data Cost?

The cost of Odds & Betting Data depends on factors like the datasets size, scope, update frequency, and customization level. Pricing models may include one-off purchases, monthly or yearly subscriptions, or usage-based fees. Many providers offer free samples, allowing you to evaluate the suitability of Odds & Betting Data for your needs.