A confidence level is a band the probability falls into
Every prediction has a win probability. The confidence level is the band that probability lands in — a label over a range, not a second opinion arrived at separately. It can never disagree with the number, because it is derived from it.
Why the levels exist at all
A page of raw percentages is hard to scan and easy to over-read. Sixty-two and sixty-four are not meaningfully different picks, and shown side by side as numbers they invite a comparison that the underlying estimate cannot support. A level says "these two are the same kind of pick", which is the truthful reading.
The levels are a setting, not a constant
How many levels there are, and where one ends and the next begins, is configured rather than hard-coded, and the scale has already changed as the record grew. That matters for reading the archive: when the scale changes, every past pick is placed on the current scale again by its win probability. The per-level breakdown on the accuracy page therefore always describes the scale you see on the picks, and the overall accuracy does not move.
A higher level is not a stronger claim about one match
It is a claim about a larger share of similar matches. The top level is expected to be wrong sometimes, and when it is, that is a normal outcome rather than a failure of the level. How the record is measured explains what "expected" means here.
The lowest level is a real answer
A pick at the lowest level is saying the match is close to even. That is worth publishing: knowing a match is a coin flip is more useful than a confident-sounding sentence about it, and pretending otherwise is how a record gets padded with claims nobody checked.
Levels are shown as shape and text, never colour alone
The level appears as a rating and its name together. Colour carries no meaning on its own anywhere on the site, so the level is readable without seeing colour at all.
The record is broken down by level
The interesting question about the levels is whether the higher ones actually land more often. The accuracy page answers it directly, per level, from the same reviews that produce the overall number — so a level that is not earning its label has nowhere to hide.
What a level is not
It is not a stake size, a recommendation, or a rating of the teams. It describes how far from even one estimate sits, and nothing else. What a prediction is and is not covers the distinction in full.