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Director at Dectech

The group stage of UEFA #Euro2024 wrapped up last night, with some last minute dramas, dodgy decisions, and heroic underdog performances. That's what makes football so exciting, even if it makes the job of forecasting so much harder! We only gave #Georgia an 8% chance of beating #Portugal last night - an even bigger upset than #Slovakia's 1-0 win over #Belgium - but it was fantastic to see them get that fairy-tale result. With 36 matches played, its fair to say that our forecasting performance hasn't maintained the highs of the first round of matches, but we're still hanging in there! We correctly forecast the outcome of 17 of the games (47% versus 33% random chance) and the average probability we assigned to the actual match outcome was 40% (versus 33% random chance). One of the biggest factors in our forecasting struggles was the unusually high number of draws in the second and third round of group stage matches, with more than half of the games ending in stalemate compared to a typical 20-25% in most leagues and tournaments. There's less than 0.2% chance of seeing 13 or more draws in 24 matches (assuming the results are independent of each other) so we've been very unlucky in that regard! Nonetheless, our pre-tournament progression forecasts have held up well. We correctly picked the group winner for 4 of the 6 groups, and the average probability we assigned to the actual group winner was 45% (versus 25% random chance). Across all the teams progressing to the last 16, the average probability we assigned to them was 73% (versus 67% random chance). The team who have out-performed the most so far is #Georgia, who only had a 38% probability of progressing to the last 16. The team who should be most disappointed not to progress is #Croatia who had a 77% chance of surviving to the knockout stage, despite being in a tricky group with #Spain and #Italy. Match forecasts for the first round of knockout games coming soon... 😎 #Dectech #football #forecast #Euro2024

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