So, as a tracking mechanism and to elicit commentary, I'm going to post picks here every day and track the win rate.
Today's picks are:
Washington Wizards +5
New Jersey Nets +3.5
Memphis Grizzlies -2
Quote: steeldcoI happen to like to dabble in sports betting. My holy grail is to be able to achieve a 75% win rate. I believe it is possible.
So, as a tracking mechanism and to elicit commentary, I'm going to post picks here every day and track the win rate.
Today's picks are:
Washington Wizards +5
New Jersey Nets +3.5
Memphis Grizzlies -2
A 75% win rate is not possible, unless you plan on making about 4 picks in your life. Aim lower.
Quote: steeldcoI happen to like to dabble in sports betting. My holy grail is to be able to achieve a 75% win rate. I believe it is possible.
So, as a tracking mechanism and to elicit commentary, I'm going to post picks here every day and track the win rate.
Today's picks are:
Washington Wizards +5
New Jersey Nets +3.5
Memphis Grizzlies -2
Kudos for the attempt. Are you just using your 'feelings' to make these selections? Or some info that is unavailable to the public (and linemakers)? Or some deep mathematical analysis? I agree that 75% is a ridiculous goal. If you can get to 60% on even money bets, you will never need to work a day for the rest of your life.
As usual, only time will tell.
If I had to pick the entire board then I would agree with you that 75% would be impossible. However, since I only end up with 0 to 3 picks a day, I do believe that I can hit the 75%.
Since you are picking the point spreads, I may be wrong but,Quote: steeldcoI happen to like to dabble in sports betting. My holy grail is to be able to achieve a 75% win rate. I believe it is possible.
most point spreads at the very start are a 50/50 prop unless the books just flat out miss the computer numbers.
Sure the spread can move after it is first set for a number of reasons.
So, after 50 wagers on a 50/50 bet, you would need to pick at least 38 correctly to hit your 75% mark.
0.0001529320 is the probability of that or about 1 in 6539. Maybe.
100 wagers on a 50/50 bet, you would need to pick at least 75 correctly.
0.0000002818 is the probability of that or about 1 in 3,548,616. Maybe not.
So, you really need the books to post spreads that are in you favor to increase the winning percentage.
added: If the point spread would be a 55/45 prop
100 wagers on a 55/45 bet, you would still need to pick at least 75 correctly.
0.0000286091 is the probability of that or about 1 in 34,954.
So, how can we now bet against you?
most point spreads at the very start are a 50/50 prop unless the books just flat out miss the computer numbers". That, to me, is the key. I believe the spreads are set to some degree according to the public's betting preference. It is those instances that I believe I can take advantage of. Maybe..... Hopefully....
Love the challenge though.
You stated "So, how can we now bet against you?"
Now, you know the answer to that. Simply go to the book and go the other way.
Thank you.
My understanding is the point spread moves by the public *after* it is set by computer analysis.Quote: steeldcoYou stated "Since you are picking the point spreads, I may be wrong but,
most point spreads at the very start are a 50/50 prop unless the books just flat out miss the computer numbers".
That, to me, is the key.
I believe the spreads are set to some degree according to the public's betting preference.
from covers.com
NBA this year
Against The Spread Trends (ATS)
Favorites 309-312-3 49.76%
Dogs 312-309-3 50.24%
Why don't you tell us how many games you will bet on, then say how many you will win as a minimum and give us some odds you would be willing to bet.
That would make it more fun.
Now, that's not my understanding. I could be wrong though. The books set the line to balance betting when they set the line. Movement occurs when they have miscalculated or an event occurs to cause the public to believe it impacts the outcome.
I can't say, in advance of gameday, how many games I am going to pick. I can reiterate that my goal is 75% winners and I'll come back here to take the abuse if I fail.
I understand that.Quote: steeldcoI can't say, in advance of gameday, how many games I am going to pick. I can reiterate that my goal is 75% winners and I'll come back here to take the abuse if I fail.
But by the end of the NBA season, you should at least make 50 bets.
Lets bet on how many of the 50 you will win.
You will need to win at least 38 of them.
Looks like your system is now 0-3 meaning that you need to win at least 38 out of the next 47.
What superior knowledge do you posees that mere mortals do not What a joke. ROFLMAO !
I'm sure he will not tell us.Quote: buzzpaffWhat superior knowledge do you posees that mere mortals do not What a joke. ROFLMAO !
But OP says he will post his picks. (or hers)
We now have to wait.
Always waiting.
South Park is back on!
If nothing else, this stuff teaches ya humility. I have been thoroughly humbled and worse, it now, as you correctly point out, will take a fantastic win rate in order to achieve the 75%. An o-fer right out of the gate. This is awfully discouraging. But that's okay. You don't fail if you don't try but then you don't succeed either.
There are no picks for today. I'll be back tomorrow, but a couple of additional bad days will send me back to the drawing board..........
I am now officially 0-3 for a win rate of 0% YTD. Sheesh.....just writing that hurts.........
I had developed this since the beginning of this season and tested it for a 2 week period (agreed that it's a short time frame) and ended up with picks that yielded an 88% rate when it picked home teams and an 83% rate when it picked favorites. Yes. There's some overlap between the 2. Based upon those extremely high rates, I was comfortable with 75%.
Now I just have to be comfortable feeling like an ass...........
Here are the numbers for the 2 week test period prior to yesterday:
Total 62.96%
Favorites 83.33%
Dogs 58.54%
Home 88.89%
Away 50.00%
After yesterday's 0-fer:
Total 59.32%
Favorites 76.92%
Dogs 55.56%
Home 80.00%
Away 48.72%
I chose to only publish a Favorite or Home team since those were the highest % wins and also exceeded my 75% goal.
If I were to play 100 games- I will win at least 25 games and lose at least 25 games (it doesn't matter if I'm a good/bad handicapper). IMO approximately half of all games will win/lose for reasons that cannot be predicted via sound handicapping. It's the "Sh!t Happens" reasoning.
That leaves 50 games- I would need to win all 50 of these remaining games to achieve 75% win rate. It's not going to happen.
My own personal goal using the above example- I aim to win 60% of the "middle 50 games"; win 30, lose 20. This will leave an overall record of 55-45, and a small flat bet profit.
Why not just go back to last years NBA season. The stats and results are available.Quote: steeldcoI had developed this since the beginning of this season and tested it for a 2 week period (agreed that it's a short time frame)... Based upon those extremely high rates, I was comfortable with 75%.
Now I just have to be comfortable feeling like an ass...........
Apply your system and see how it would have done.
Then you can do the year before and see if you get the same results.
Results from the short run tells us what we can not expect from the long run
Results from the long run tells us what we can expect from the short run (more data, more outcomes)
How did your stats miss the blow outs from yesterday?
OKC after a home loss playing a high school team? -17. I took the points and the money line (money line parlayed with the Bulls game).
Bulls same thing, -10 except they did not play a high school team.
Although I probably could go back to last season, it would probably take me one helluva a long time to go thru the entire season. I just don't have that amount of time available.
It threw out OKC as a pick because the Bobcats had covered 3 in a row. The algorithm throws out anything that would go against a streak.
Similarly, the Bulls had lost (not covered) 3 in a row and consequently also were not a pick.
I'm not sure that I know how to respond other than to say that I think we have to disagree. Your logic above is reasonably sound if you were trying to pick the entire board. I just don't think that it necessarily applies if you're selecting only certain games based upon a set of circumstances and yes Sh!t Happens which is why you will have losers.
So, let me restate my goal so as to avoid the possibility/impossibilty debate. I will strive for 75% but settle for 60%.
LOL...it's okay. I'll publish when I have them. I'm sticking around and willing to take the abuse if wrong.
I wish you luck. Go get'em.
But you do have the time. Everyone does.Quote: steeldco7craps,
Although I probably could go back to last season, it would probably take me one helluva a long time to go thru the entire season. I just don't have that amount of time available.
And the results would be well worth the time.
I did some MLB stats a few years ago from past seasons knowing that it could take forever to tally each decade results.
It took a long time, a little bit here, a little bit there, just like eating an elephant, one bite at a time.
Not only did I complete my assignment, later than I thought, I had 2 other variations done at the same time.
You can do it.
Do not underestimate the value of just a little time. It compounds nicely.
I would pretty much agree with everything that you had written except for the first where you stated "But you do have the time".
I really don't. I manage 2 companies and as a cancer survivor I'm still fighting some of the after effects.
This is more like a hobby to me right now. It's going to need to stay that way.
btw, if you are happy at only being a 60% winner, you won't be making money. Perhaps you are happy breaking even which is essentially what you would be doing at that rate. In sports, to really make money, you have to go at least 75% but more importantly, you have to hit parlays or reverses.. and they are hard to come by. So, your best bet is the no bet... especially when you start off 0-3! lol Play on playa
I kinda learned long ago that the only way to win is with straight up plays. No parlays. No reverses. No round robins. No teasers. No crap.
I will gladly take 60% and end up pretty much doing whatever I please economically.
Good luck though.
I knew I wouldn't need the points in the orlando game but I liked the extra secutity and I need points extra points on Memphis. Orland is blowing Indi out of the water right now... they were coming off a 3 day rest and indi played miami in a very close tough game last night. These are the things you need to recognize and look into my son if you want to handicap games and be a winner. I expect No more 0-3 from you .. ya hear!
Quote: WatchMeWinthat doesn't matter... if i bet 1000, i win 1000. but to answer your question 10% juice just like a regular straight up bet. If you go to 4.5 pts or 5 pts, then you pay a bit more.
I knew I wouldn't need the points in the orlando game but I liked the extra secutity and I need points extra points on Memphis. Orland is blowing Indi out of the water right now... they were coming off a 3 day rest and indi played miami in a very close tough game last night. These are the things you need to recognize and look into my son if you want to handicap games and be a winner. I expect No more 0-3 from you .. ya hear!
So.. WatchMeWin... are you saying the line makers were unaware of who Indi played yesterday, and how many days off Orlando had? I would like to think that, if truly relevant, the linemakers would factor such things into their line. When the team with more rest wins, they chalk it up to that.... when the team with more rest loses, it was 'rust'...
Record:
Watchme win - 1-0
Steeldco - 0-3
Who would you put your money with?
Quote: WatchMeWinSooPoo... look at the final score of the Orlando game. I rest my case. I guess you just don't see what I see. I won my posted bet. I didn't even need the points but I sure was confident on the play from start to finish with the added points help.
Record:
Watchme win - 1-0
Steeldco - 0-3
Who would you put your money with?
Given the huge sample size, I guess I must go with you. But seriously, what percentage of games that are even money bets do you think you can win? Do you think you can hit 2/3? Give me a percentage and I'll offer you up a challenge.
I have 1 pick for today and it is Phoenix -4. So.....I guess your pick is going to be Minnesota :-).
Quote: buzzpaffI happen to like to dabble in sports betting. My holy grail is to be able to achieve a 75% win rate. I believe it is possible.
What superior knowledge do you posees that mere mortals do not What a joke. ROFLMAO !
Somethings are worth repeating LOSER !!!!!
Quote: FinsRuleA 75% win rate is not possible, unless you plan on making about 4 picks in your life. Aim lower.
Unless you're an NBA referee...
Insider influence aside, wouldn't a better measure of effectiveness be % of $$ risked, won, as opposed to percent of picks? If you know Orlando is a lock, but are only 70% sure Chicago is going to cover, would you wager the same amount on both games? I don't that would be wise. A lock is a lock, you should bet the farm (or at least all the cows and chickens).
If measured this way, you might only win 55% of actual picks, but if you walked away with 200% of the money wagered, I'd call you, "winner".
Additionally, these days it is very easy to do your due diligence and research with the internet. I did a quick handicap for you yesterday when I gave my winning pick. I haven't even followed the NBA that closely. I just did a little homework, got caught up with teams, made my decision, and viola... easy winner. I may just have to get back into the game! lol Ill get back to you in a few regarding my next play.
I am going with Milwaukee -3 over the Nets. History has a funny way of repeating itself and the Bucks beat the Nets at NJ a few weeks ago. I know they played in Toronto last night and may be jet lagged , but I think they are hot and will beat them again. Look for Ilysova to light it up again. Plus I cant stand the TV whore and attention needing biatch , Kris Humphries. He is almost as bad as those Kardasian whores. I blame the retards in Ameirca whoa actually watch the show which allows E to keep it on the air. Who watches that?
As for your Pheonix pick. I actually like it. Again, history finds ways to repeat itself and Pheonix beat Min a few weeks ago at home as well.
Good luck.
Thank God for computers. They have helped keep my sanity while keeping me busy. And.......damn it. I will find that 75% win rate!
Good luck on the pick. I think I'll check the Phoenix score in the morning. The o-fer on Saturday caused me a sleepless night even though I had nothing on the games.
That is nice. Good LuckQuote: steeldcoThank God for computers. They have helped keep my sanity while keeping me busy.
Your 75% win rate is possible for maybe 3 to 10 picks.Quote: steeldcoAnd.......damn it. I will find that 75% win rate!
For 100 picks. No way, because the math says so and because God does not care about sports betting.
Just my opinion though.
Apparently you don't know Tebow....... :-)
Watch, nice pick again. I have none for today. Do you have one? You're now 2-0. Can you keep it up?
It's interesting that the number of picks yielded have dried up (none today) and they have all been losers.
See ya all tomorrow.....and yes. Go ahead. Let me have it. Apparently I'm full of crap......
Although I am a very good hadicapper in sports, I like to make my money on the poker and craps tables and consistantly so.
Ill take a quick look at the spreads today and see if I like anything. I wont force anything if I dont like anything. That is were gamblers can go wrong.
Quote: steeldcoIt's interesting that the number of picks yielded have dried up (none today) and they have all been losers.
See ya all tomorrow.....and yes. Go ahead. Let me have it. Apparently I'm full of crap......
Not really.
Your statistical formulas may be letting you down.
You may not be considering all the variables or you may just be assigning different weights to each variable and a few a too far off.
Sports betting is different from playing Craps.
The exact probabilities are known for Craps.
Not for Sports betting.
Statistics can point in many different directions according to how you arrived at them.
Its been fun
Back to South Park
Good Luck guys!