I don't know anything about the teams but betting on Antonio Callaway can't be good. This is more of an emotional bet as I lost my virginity during the inaugural XFL game starring the NY/NJ Hitman XFL (they lost 0-19 to the Las Vegas Outlaws) at a frat party where their sister sorority dressed up as playboy bunnies. The game was on in the background in the room we used. Thank you to my dorm neighbor Evan (EvRock81 on AIM) for inviting me.
In the never ending prep for MLB season I updated this chart I posted last year.
What stood out to me:
1) Why did we bet so much more than previous years (160k with 10k roll vs. 81k in 2017 with only ~50 less games bet, it's even less than 2016 when we bet over 200 extra games). Basically every bet this year was a max bet in that subset and the other subsets ran so hot in April they were max betting by May. The edges were bigger than previous years (it might be due to the success of The Logic of Sports Betting teaching everyone how to lose at these markets?) which led to bigger bets.
2) What happened with the $1000 starting roll subset? A side effect of 1). The biggest edges led to way too big bets in May which led to a huge down swing. At the lowest it went from 2900 on May 1 to only $400 at the end of May. It slowly climbed out of the hole most of the summer and Aug 1 the roll was at 1900, but same thing. Then it just crawled through a breakeven September to book a small win.
What does this mean?
If we are over estimating our edge the limits are saving the bigger bankrolls. (not too sure about this since I personally bet these at multiple books and average ~$2200/bet and had a really good year, but also I have the bankroll to sustain those limits as well)
If we are correctly estimating our edge it could just be bad luck?
Hitting a way below EV stretch really hurts smaller bankrolls. Luckily this is something that I never had to deal with, but maybe you need to set a cap on max bet %? Even if you see a huge edge limit it to 5%? Or just sacrifice something to the Gods so you run good. Through most of June the 1k bankroll was booking a lot of wins but 3% bet size of $400 is only $12 bets, so it took a long time to crawl out whereas the bigger bankrolls were still pounding max bets and cleaning up. I'm guessing if someone really did start with a 1k bankroll they might re-load and avoid that issue.
During my annual post super bowl retreat (I usually rent a cabin in the woods from NBA all star break until mid-March to recharge and prepare for the long grind of April-Feb) I will look deeper into this, but those are my first takes.
Last edited by fkjlhfdkjhkj.; 01-28-2020 at 01:15 PM.