I'm trying to predict the outcome of a sports match between two teams. I have data on wins and losses for all teams in the league. I intend to use a Bradley-Terry model to find the relative rankings of each team and predict the probability of team $i$ beating team $j$. Before doing so, I'd like to better understand what assumptions are buried in the model.
Questions:
- Does this model only account for team $i$'s record compared to team $j$'s record or does the strength of a team's opponent come into play?
- Does it matter if teams have played a different number of games? i.e. team $i$ could have a record of 5-0 and team $j$ could have a record of 50-0. Both are undefeated but intuitively team $j$ should be favored against team $i$.
- Does the model care if team $i$ beat team $j$ in calculating the probability of team $i$ > team $j$, or is it purely based on their respective league-wide record?