Probability theory is a complex branch of mathematics that many of us simply have never bothered to study. But even those who’ve never delved into the concept realize the potential that it has. The truth is that we all use probability theory in our daily life. It is a rudimentary form of the theory to be sure. But who among us has not asked the question; How likely am I to succeed in this new endeavor?
The probability of success or failure can often be the defining trait that pushes us towards or away from some new venture. It should not come as a surprise that gamblers and betting fans are so interested in this side of mathematics. With the rise of fast withdrawal online casinos and sports betting websites we have seen an increase in interest in probability theory. That is why we would like to discuss how it can be of service to FPL fans and bettors.
Study of Variables
The study of variables is at the core of probability theory. If we want to measure the likelihood of an outcome we have to understand every single variable that may lead to their success. Some may see the obvious variables in football; a great player takes the stage or the team is playing on their home turf. But these are far from the only variables to consider.
We must also take into account the weather. It has been shown that some teams perform better during heavy rain, while others are hampered by such occurrences. There are plenty of variables that we rarely think about when it comes to attempting to predict the future of a football match. The great news is that there are professional odds makers who don’t let anything slide.
Odds makers make it their mission to find any and all variables that may change the outcome of a match. They will thoroughly examine every competition from the Iran Pro League all the way to the FIFA World Cup and determine what makes each individual player tick. Then they will use this data to place the best possible odds for betting fans to enjoy.
Probability in Fantasy Football
Fantasy football is built completely around the study of probability. Those involved in the game do their best to act as odds makers and team managers in this instance. They study the data of each player and then assemble a team before each season starts. Their goal is always the same; assemble the team that will perform best during the season.
Essentially, fantasy football players are performing a rudimentary version of probability theory even though they may not see it that way. The only difference between them and the scientists that study the matter is that average fans don’t delve deep into the mathematics. Their end goal is the same though; making a prediction about the future based on the current data at their disposal.
How Probability Will Change in the Future
The study of probability is already a very complex venture. We should note that the advancements in digital technology may help us greatly in the study of predictions. We are seeing the rise of artificial intelligence before our very eyes. Many people today have an issue with generative AI. It is true that the new tech is not up to par with what many imagined machine learning to be.
But it is also true that generative AI is not the only way that the tech can develop. With a lot more research we could come to a point where artificial intelligence is just as described; a computerized brain capable of processing information at an unprecedented level. If that ever comes to pass; then probability theory will certainly achieve new heights.
The theoretical AI would be capable of processing the data without much effort and at an incredible pace. It might even be able to create its own predictions about the future. We can certainly understand why some might be excited for such a future. We would also be remiss if we did not bring up that there are those that feel anxiety about the rise of AI. But anxiety towards new technology is nothing new.
