The best bets on
penalties in football matches are those on one not being awarded. This is not
altogether surprising: in almost every market, the better-value bets available
are those on things not happening.
The top teams inevitably tend to earn
most of the penalties that are awarded, not because referees are biased toward
them, as is sometimes alleged, but simply because they are the better teams. In
any match, the stronger side are likely to get the ball into the penalty area
more often than their weaker opponents.
This is borne out by the fact that there
is an almost exact relationship between the number of goals that teams score
and concede and the number of penalties they get and give away. It applies
equally to everyone, good and bad teams. During the past four seasons, the
so-called big four - Arsenal, Chelsea, Liverpool and Manchester United - scored
69% of the goals in their Premier League games. In the same period, they won
69% of the penalties that were awarded.
The prospect of any penalty
being awarded in the first place, however, does not vary much from match to
match. It is not even influenced by the importance of the occasion, which may
surprise some people. The likelihood of a penalty being awarded during one of
the highest- profile games of all - when one of the leading four teams play
each other, as Arsenal and Manchester United do at the Emirates Stadium
tomorrow - is the same as in any other Premier League fixture, around 21%.
Bettors are unlikely to find a bookmaker willing to offer better than
5-2, which is obviously very bad value. The proportion of penalties converted,
incidentally, is around 78%, and varies only slightly with the calibre of the
participating teams.
The only major bookmaker currently betting on
penalties not being awarded is the spread firm Sporting Index, which has a
market for televised games in which 25 points are awarded for each penalty
scored and ten for each penalty saved. The average make-up in Premier League
games during the last four seasons was 5.0. On most occasions, Sporting Index
will invite you to sell at 5.0, but sometimes they will bid 5.5, 6.0 or even
6.5. The correct price should rarely be more than 5.0, and probably never
higher than 5.5. Kevin Pullein is football tipster for the Racing Post