Odd Lots

Why Soccer Analytics Works Like Volatility Arbitrage Trading

Two soccer analytics veterans discuss how data modeling has transformed the sport, comparing it to financial trading strategies.

Soccer analytics has evolved from being perceived as too complex to model into a data-rich field comparable to volatility arbitrage trading, utilizing metrics like Expected Goals (xG) and tracking data to capture ineffable aspects of the game.

23
51 minJul 16, 2026Odd Lots

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Why Soccer Analytics Works Like Volatility Arbitrage Trading

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Key takeaways

What to know before you press play.

01

Soccer's Late Adoption of Analytics

Soccer embraced the 'moneyball' revolution later than other sports because it was once perceived as too complex, with too many players and random progression to model reliably.

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02

Modern Data Mining in Soccer

Modern soccer analytics involves mining data through tracking, on-ball statistics, and even analyzing body poses and movement to predict outcomes.

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03

Expert Insights on Sports Data

Mike Treacy and Joris Bekkers discuss how data analytics can capture ineffable qualities like hustle and compare soccer strategy to chess.

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Ask GenPod next

Keep the question moving.

01

How does VAR impact the reliability of soccer analytics?

02

What are the key differences in analytics strategies between European leagues and the MLS?

03

In what ways is soccer strategy similar to chess?

Background reading

The context behind the episode.

Context

The Evolution of Sports Analytics

While American sports fans have long been comfortable with stats, soccer was initially seen as too chaotic for reliable analytical modeling. This perception has shifted, leading to a 'moneyball' revolution in the sport.

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Questions

Questions to carry into the episode.

How has the perception of soccer analytics changed?

Soccer was once perceived as too complex and random to model, but is now a data-rich field utilizing metrics like xG and body pose analysis.

23
What specific data points are used in modern soccer analytics?

Analytics include tracking data, on-ball data, and analysis of body poses and movement.

3
Who are the experts discussed in this episode?

The episode features Mike Treacy, head of risk at Apex Fintech Solutions, and Joris Bekkers, a soccer analytics consultant.

4

Experts

Voices named in the source.

Mike Treacy

Head of risk at Apex Fintech Solutions

4

Joris Bekkers

Soccer analytics consultant

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Sources and disclosure

Where this guide comes from.

This guide is based on the episode 'Why Soccer Analytics Works Like Volatility Arbitrage Trading' from the show Odd Lots, published on 2026-07-16.

  1. Publisher show notes

    American sports fans have long been comfortable talking in the language of stats and analytics.

  2. Publisher show notes

    Soccer embraced the 'moneyball' revolution later; the sport was once perceived as too complex to model analytically — there were too many players on the pitch, the game's progression was too random and chaotic to reliably predict.

  3. Publisher show notes

    That's no longer the case, and soccer watchers are well aware of stats like xG (Expected Goals) and each match is an opportunity for a team to mine data, whether its tracking data, on-ball data, or even analyzing body poses and movement.

  4. Publisher show notes

    Today, we speak with two soccer analytics veterans, Mike Treacy (head of risk at Apex Fintech Solutions) and Joris Bekkers (a soccer analytics consultant).

  5. Publisher show notes

    Treacy's background includes a stint in analytics for a Premier League team and he's currently advising the MLS team Austin FC while Bekkers has built software that analyzes raw soccer data and he's worked with the US Soccer Federation.

  6. Publisher show notes

    We talk to them about how VAR has affected the sport, how data analytics can capture ineffable things like hustle, how European leagues and the MLS differ in their analytics strategy, and why chess and soccer are not so dissimilar.

  7. Publisher show notes

    Read more: The Lawyer Taking On StubHub Over World Cup Ticket Sales Polymarket Partners With Crypto Firm During World Cup

  8. Publisher show notes

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  9. Publisher show notes

    Subscribe to the Odd Lots Newsletter Join the conversation:discord.gg/oddlots

  10. Publisher show notes

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