Victor Holman, Sports Analytics Expert discusses Applying the Rules of Probability to Sports. Probability is the measure of the likelihood that an event will occur.
Probability quantifies as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty.
The higher the probability of an event, the more likely it is that the event will occur.
Sports statistics regularly use the theory of probability.
It is important to have a good grasp of the concept in order to use the information appropriately and understand the meaning behind it.
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