Several frameworks have emerged to operationalize possession value, each with distinct approaches and philosophies. If you're serious about advanced football statistics, you'll want to understand VAEP, EPV, OBV, and xT.
VAEP (Valuing Actions by Estimating Probabilities)
Developed by the KU Leuven DTAI Lab in Belgium, VAEP is perhaps the most influential academic model in football analytics. It values over 36 different action types using machine learning, considering both the probability of scoring and conceding within the next 10 actions.
VAEP's strength is its comprehensiveness. It can value everything from a simple pass to a complex dribble, and its open-source nature has made it a foundation for further research. The model typically rates actions between -0.05 and +0.10 goals, with elite performers like Lionel Messi and Kevin De Bruyne consistently achieving +0.50 to +0.90 VAEP per 90 minutes.
EPV (Expected Possession Value)
FC Barcelona's analytics team, led by Javier Fernandez, developed EPV using tracking data that captures the position of all 22 players. This allows for frame-by-frame analysis of possession value, including actions that don't involve the ball.
EPV can value off-ball movements - the dummy run that drags a defender away, the positioning that creates space for a teammate. It's the gold standard for possession value analysis, but it requires expensive tracking infrastructure that puts it beyond the reach of most clubs.
OBV (On-Ball Value)
Hudl StatsBomb introduced OBV in 2021, trained on Expected Goals rather than actual goals. This smoothing approach reduces the volatility that comes from the randomness of finishing. OBV extends the possession window beyond immediate actions and splits value between passer and receiver to avoid double-counting.
g+ (Goals Added)
American Soccer Analysis created g+ for MLS and NWSL coverage, taking a possession-based approach that values all touches. It notably splits pass value between the passer and the receiver, recognizing that a brilliant pass requires a good first touch to complete.
xT (Expected Threat)
Karun Singh's xT model uses a grid-based approach to value ball progression. Each zone on the pitch has an inherent value based on the probability of scoring from there, and moving the ball between zones generates positive or negative value.