Why 'form' is mostly noise, what to look at instead, and the one case where a run genuinely means something.
A five-match run is five results, which is nowhere near enough to distinguish a genuine change in quality from ordinary variance. Yet form tables are the most prominently displayed information on every preview page, and prices move on them.
Underlying numbers over a longer window predict future results far better. Chance creation and chance concession across twenty matches tell you what a team is; the last five results tell you what happened to it. Backing a team on a hot streak is frequently backing an inflated price.
There is one exception worth respecting. When a run coincides with a structural change - a new system that has clearly altered how the team plays, a returning key player, a January signing who transformed the midfield - then the recent sample is the relevant one and the longer history is misleading. The test is whether you can name the mechanism.
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