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06-14-2012 , 12:41 AM
Quote:
Originally Posted by ProbablyRsigley
me and tomg are buying foreclosed houses in atlantic city for $1000 for inevitable sports betting

anyone want to get in on this and maybe we could buy a block or two?
Can get you a whole block on Florida Avenue and the Bwalk if you're interested. Gonna cost more than a couple of dimes tho.
Question about volume (of sports bets) Quote
Question about volume (of sports bets)
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Question about volume (of sports bets)
06-18-2012 , 08:54 AM
A noobie question, something like rakeback in poker exist in sporstbetting, i want to make a few sports bets at 365bet or similar site, but maybe like in poker you cant get rakeback

thanks for any help
Question about volume (of sports bets) Quote
06-18-2012 , 09:43 AM
Quote:
Originally Posted by advancedURU
A noobie question, something like rakeback in poker exist in sporstbetting, i want to make a few sports bets at 365bet or similar site, but maybe like in poker you cant get rakeback

thanks for any help
wait one month please, im creating a site that has 10% rakeback whether you win or lose !

lines are -150/-150
Question about volume (of sports bets) Quote
06-18-2012 , 03:24 PM
+EV has to be played. If you are passing on games to bolster your win % you are losing a ton of money. If you can find only 26 per year with + EV you need to get better.

The professionals I have met make hundreds+ per month.
Question about volume (of sports bets) Quote
06-18-2012 , 04:39 PM
you be the judge

Quote:
If you are using the same algorithms as the odds-makers do, why do they create betting lines that contradict their math? Simple, the odds-makers motivation is not to accurately predict as many games as possible. Their motivation is to make the most money as possible. And they do this by getting even money on both sides of the wager, or by preying on the foolish public. The routinely leads them into altering what StatFactors calls the “True Line” to a line that fits their M.O. Because of this, StatFactors continues to get value.
Quote:
What does “>16% Edge Selections” mean: In most instances, StatFactors deploys a three-bet strategy. Without getting into the specifics of money management in this FAQ, an edge of over 16% is deemed to be a more strong play. Thus, more money should be risked. It is much more conservative than standard Kelly Criterion calculators because I do not see Kelly being a solid choice for sports handicapping for many reasons. Selections with an edge greater than 0%, but less than 16% only risk 1 unit on that selection.
Quote:
With favorites with less than a 1 to 1 payout, why does StatFactors encourage clients to only risk 1 unit instead of paying the price to win one unit? Reduce risk, and decrease variance. Underdogs on the ML and favorites on the RL are volatile enough by themselves, so laying the price on a heavy favorite will only add to the high stress of sports betting. If increasing the daily rate is the name of the game for some of our clients, then laying the price is the way to go. However, StatFactors wishes to give our clients the most amount of profit with the least amount of stress as possible.
lol
Question about volume (of sports bets) Quote
06-18-2012 , 06:08 PM
I take it you dont agree. Perhaps you could share why. I have had great success for three years and am always interested in learning more.
Question about volume (of sports bets) Quote
06-18-2012 , 10:32 PM
1 unit on a 15% edge and ridiculing the Kelly Criterion?

I am intrigued by your theories and would like to subscribe to your newsletter.
Question about volume (of sports bets) Quote
06-19-2012 , 03:05 AM
Sarcasm noted.

1. KC needs to be modified to fit sports betting. It isnt blackjack where you are only faced with decision. You could have action on simultaneous plays. To which the KC is not suited for.

2. The 15% quote is a process to help manage relationships with clients. Most do not have the understanding of variance and only b*tch about the -75 swing in June. Even though we killed it in May. Also, the laying just one unit quote is along the same thought lines.

I have a wife and refuse to spend our $$$ at gambling. I needed to raise capital and am doing so with subscriptions. The quotes mentioned were areas where I sacrificed long-term expectation for decreased volatility for clients. So they wouldnt jump off a cliff on the downswings. There is the caveat mentioned where the long-term should press harder on the smaller.

But I guess because I gave passive advice (albeit profitably passive) to fish clients I guess I couldnt add value to this forum. I came here because the great poker players say they all have someone to talk over hands to discuss the game. I am 4 years into this and want to learn something.

But instead, even the great 2+2 has regs who immediately jump to conclusions on a quote out of context. And resort to sarcasm without even trying to understand the thought process.

Here is a link that shows my bet sizing process. http://statfactors.com/2012/03/16/th...els-criterion/

And here is some free information I gave out on a game. http://statfactors.com/page/2/

But I get it. One obscure quote in a FAQ for new clients is all we should talk about.
Question about volume (of sports bets) Quote
06-19-2012 , 03:12 AM
touts gonna tout
Question about volume (of sports bets) Quote
06-19-2012 , 11:40 AM
This dialogue seems promising.
Question about volume (of sports bets) Quote
06-19-2012 , 11:51 AM
Quote:
Originally Posted by StatFactors
I have a wife and refuse to spend our $$$ at gambling.
O wow, a wife!

Spoiler:
Question about volume (of sports bets) Quote
06-19-2012 , 11:55 AM
Yeah, I noticed the wife line as well.

Hey stat, I have a wife too. Wasn't aware this was significant to the discussion. Does that matter? What about having a pet?
Question about volume (of sports bets) Quote
06-19-2012 , 01:21 PM
Quote:
Originally Posted by MicroBob
Yeah, I noticed the wife line as well.

Hey stat, I have a wife too. Wasn't aware this was significant to the discussion. Does that matter? What about having a pet?
Comment was given to show why I bother dealing with a subscription model. Reason- I have an addictive personality and do not want to become a degenerate who lost everything(Read- Wife more important to me than sports betting). Therefore, the head ache of managing client expectation is unavoidable.

Mind you, Sigley did his own google search, and posted out-of-context quotes intended for a different audience. In an attempt to be able to add/gain value I am trying to defend myself.

Even if I thought the KC was complete sh*t or I only bet 1 unit on an expected 15% return, which I dont, there is still an excellent chance I could add value in another way. My hope is that this a marketplace of ideas and a community where we all try to improve. Its not like we are playing poker and are opponents. We all have the same opponent. The bookie.

I obviously shouldnt have to sell this notion. It is either what I hope it is or a place where people just spend too much time doing worthless things. I will soon find out. Excellent chance my expectations of the sports betting 2+2 were too high.
Question about volume (of sports bets) Quote
06-19-2012 , 01:33 PM
Quote:
Originally Posted by StatFactors
We all have the same opponent. The bookie.
so if someone bets something causing the line to move that doesn't affect other bettors in anyway?

or if you expose 1st inning K secrets and the limits get slashed to nothing because everyone is abusing it

or if TomG destroys total bases for the entire world?
Question about volume (of sports bets) Quote
06-19-2012 , 01:55 PM
Quote:
Originally Posted by StatFactors
Wife more important to me than sports betting
Ur doing it wrong
Question about volume (of sports bets) Quote
06-19-2012 , 02:15 PM
Quote:
Originally Posted by ProbablyRsigley
so if someone bets something causing the line to move that doesn't affect other bettors in anyway?

or if you expose 1st inning K secrets and the limits get slashed to nothing because everyone is abusing it

or if TomG destroys total bases for the entire world?
Speaking in generalities, obv. My knowledge < My knowledge + Your knowledge. And in most cases (hypothetical) Your knowledge < Your knowledge + My knowledge. In the very least, ideas from others force us to re-examine our own thoughts. Which MIGHT lead to more $$$.

Know that I am not saying give away secrets. Or share your action.
Question about volume (of sports bets) Quote
06-19-2012 , 02:27 PM
Quote:
Originally Posted by StatFactors
Reason- I have an addictive personality and do not want to become a degenerate who lost everything
So, let's run down the possibilities:

1) You're a loser even without factoring in the degeneracy
2) Your wife is just as much of a spazz monkey as you are
3) You somehow do win (unlikely), your wife isn't a spazz, and you just despise money by not having her set up an acct where only she has the pw and having her bet the releases.

Somehow, some way, you're doing it wrong.
Question about volume (of sports bets) Quote
06-19-2012 , 03:20 PM
Quote:
Originally Posted by TomCowley
So, let's run down the possibilities:

1) You're a loser even without factoring in the degeneracy
2) Your wife is just as much of a spazz monkey as you are
3) You somehow do win (unlikely), your wife isn't a spazz, and you just despise money by not having her set up an acct where only she has the pw and having her bet the releases.

Somehow, some way, you're doing it wrong.
Option 3 is better than subscriptions to generate $$$ to continually add to my BR? BR grows on subscriptions and profit from picks. I keep company funds seperate from personal funds. I am betting $$$ I control. Just have a defined boundary of what can be risked. This way "rock bottom" does not lead to selling my blood to try and get my aces cracked at Bill's.
Question about volume (of sports bets) Quote
06-19-2012 , 03:24 PM
Because those are mutually exclusive? You're dealing with major markets and pissant amounts so it's not like you'd be moving anybody's number.
Question about volume (of sports bets) Quote
06-19-2012 , 03:43 PM
Quote:
Originally Posted by TomCowley
Because those are mutually exclusive? You're dealing with major markets and pissant amounts so it's not like you'd be moving anybody's number.
I am less than 5 years in. Zero-Variance EV is important still. Emotional EV hedged by defining what the bottom is. I still dont understand why this is lolwrong.
Question about volume (of sports bets) Quote
06-19-2012 , 05:08 PM
Of course you don't.
Question about volume (of sports bets) Quote
06-19-2012 , 07:05 PM
Quote:
Originally Posted by StatFactors
I am less than 5 years in. Zero-Variance EV is important still. Emotional EV hedged by defining what the bottom is. I still dont understand why this is lolwrong.
You are 5 years in and your roll is 40k? What did you start with 3 cents?
Question about volume (of sports bets) Quote
06-19-2012 , 07:09 PM
He's making his move in year 14

Or when the divorce hits, whichever comes first
Question about volume (of sports bets) Quote
06-19-2012 , 07:12 PM
Quote:
Originally Posted by Sabaneta
You are 5 years in and your roll is 40k? What did you start with 3 cents?
Yeah, but his variance is LOW.
Question about volume (of sports bets) Quote
06-19-2012 , 07:31 PM
Quote:
Originally Posted by StatFactors
Its not like we are playing poker and are opponents. We all have the same opponent. The bookie.
A+

would lol again.
Question about volume (of sports bets) Quote
Question about volume (of sports bets)
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Question about volume (of sports bets)

      
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