BetLabs systems.. Anyone ever have success with it?

Has anyone ever used Sports Insights Bet Labs??? I understand the Wizard himself despises betting systems, although its seems hard to argue some systems on that site. I have found a few that were thousands of bets, and had profitable winning percentages at a 95% confidence interval. Not to mention profitability and a smooth winning trend upwards for over 10 years. How can we say that is garbage???

Did you actually pay for those systems? It is a pay site.

I am not an expert.

However, how can you trust the data from a website that wants to sell you a system? If the math says the game is comprised of -ev bets, or depends on past results to identify trends in games with independent events, or is subject to past-posting/doctoring results or other data manipulation, (generalities that would or would not apply to every game), then it seems likely it's an elaborate sales job.

If you gave a specific example of what game/what result seems credible, I think it would be easier to discuss it.

I have trialed and paid for the software.

Quote: beachbumbabs

I am not an expert.

However, how can you trust the data from a website that wants to sell you a system? If the math says the game is comprised of -ev bets, or depends on past results to identify trends in games with independent events, or is subject to past-posting/doctoring results or other data manipulation, (generalities that would or would not apply to every game), then it seems likely it's an elaborate sales job.

If you gave a specific example of what game/what result seems credible, I think it would be easier to discuss it.

By no means am I defending the software, but the results are very transparent. Every past game, date it was played, result and odds are available to see.

Quote: Chodempole

By no means am I defending the software, but the results are very transparent. Every past game, date it was played, result and odds are available to see.

So it's sports betting? How do you know they aren't selectively posting wins after betting both sides? Or taking results and retroactively claiming they bet the correct side? It's not that hard to backdate data.

Quote: beachbumbabs

So it's sports betting? How do you know they aren't selectively posting wins after betting both sides? Or taking results and retroactively claiming they bet the correct side? It's not that hard to backdate data.

Valid point. They also post picks before the games. I get what you're saying, but too many people use the software and I have yet to hear anyone suspect something of that nature.

Quote: Chodempole

Valid point. They also post picks before the games. I get what you're saying, but too many people use the software and I have yet to hear anyone suspect something of that nature.

I know someone that’s a consistent winner (15+ years) at college basketball and college football. High 50s% hit rate. I think it’s possible, though it takes a lot of data and analysis. I have never heard of this site or software. I’m skeptical anyone can beat one of the big professional sports (NFL, NBA, MLB or NHL) in the long run, except maybe for second half bets.

If you're paying for sports betting advice, you're already a loser (in betting terms). Almost impossible to win long term at -110, and adding in the monthly cost of someones random picks essentially raises your vig to a level that can't be overcome.

It's a losing proposition, 100% of the time.

We can't be hypocritical though. Sports betting professionals do exist, so how can we say data mining software wouldn't be achieving some sort of handicapping that a human does successfully?