The value of stats and trends

[cormack15]

Statistically, when can the evidence for a particular trend or statistic be considered significant?

[dave jay]

With statistics, you have to prove that an observation isn’t down to either, luck or coincidence.

There is an article somewhere that shows you how to set up chi-test for horse racing results using excel with the CHITEST function.

Hope that helps

[Gingertipster]

Statistically, when can the evidence for a particular trend or statistic be considered significant?

Rarely.
Not only does the punter need to consider whether the trend/stat is a coincidence or "significant", he/she also needs to make a judgement on the value/price to be worth a bet.

Value Is Everything

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