There is lots of trade off when relying on history and statistics they are only meant to be a guide and nothing more though in most cases history may tend to it repeat itself but it is rarely happen hence there should be more a like combination of some likely hood of looking in to various forms of historical data and that of the present in making final analysis even though non gives a guarantee of winning, in my conclusion about this concept of the thread I could that it may work and mostly likely not to work from my own observations and experience especially in football betting.
History is useful for many things, firstly to know the reputation of some teams and to know how they have developed over time, I would think that each one of us has a clear idea of ??history and I agree with you that history repeats itself, well it does, we all have some patterns when thinking about football, for example think of Brazil, Germany, which are teams that have always won World Cups, they are teams that have followed that tradition, it is not from now, it comes from years ago.