Measuring Bookmaker Calibration Errors

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We've found ample evidence in the past to assert that the TAB Bookmaker is well-calibrated, by which I mean that teams he rates as 40% chances tend to win about 40% of the time, teams he rates as 90% chances tend to win about 90% of the time and, more generally, that teams he rates as X% chances tend to win about X% of the time.
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What Do Seasons Past Tell Us About Seasons Present?

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I've looked before at the consistency in the winning records of teams across seasons but I've not previously reported the results in any great detail. For today's blog I've stitched together the end of season home-and-away ladders for every year from 1897 to 2012, which has allowed me to create a complete time series of the performances for every team that's ever played.
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