Made a fair bit of progress today on the modelling side of things, had some difficulty scraping some of the data earlier but I've been able to figure it out now, already finding a couple promising trends but could just be statistical noise tbh I'll have to dive deeper to see if it really means anything.
That being said, if anyone has any information on where to find historical lines (ideally en masse) that'd be much appreciated, right now I'm manually tabulating stuff but if there's some sort of data readily available out there that'd speed things up for sure.
Quote:
Originally Posted by LogistX
All my esports betting knowledge comes from DotA2 and CS:GO is a little bigger market than that so take it FWIW.
Firstly, have some respect for the market. This is a decent sized market. Pinnacle has said in interviews that esports as a whole is like their 6-7th biggest market. It isn't just all squares. At the same time, it can be beaten.
I'm a bit skeptical that the market can beaten with a good volume of bets purely qualitatively. You will need to build a model. I follow the DotA2 pro scene closely and I'm frequently surprised at what my model favors.
Line shopping should still be in the toolbelt. You may not find a ton of arbs (I'm sure you'll find some) but this is a good way to get your average vig way down. For DotA2, there are at least a half dozen decent books with different lines and I'm sure CS:GO has at least as many since all books that offer DotA should offer CS:GO lines. There's also a lot of books that buy from the same line suppliers so be mindful of that.
Here's a few general tips:
- Be careful with betting live matches. The books are all buying very low latency feeds which is shorter than the in-game client or Twitch streams. Don't get front-run. If you want to bet live, bet during breaks.
- Qualitative handicapping is still worthwhile but I'd combine it with something quantitative. Also, frequently if you find something qualitative angle and you have data, you can try to evaluate its real worth.
- Most of the esports specific books limit decent bettors very quickly. They are purely in the market for crushing squares.
Good luck!
Really appreciate this, thanks. A couple of thoughts/questions if you don't mind:
Quote:
Be careful with betting live matches. The books are all buying very low latency feeds which is shorter than the in-game client or Twitch streams. Don't get front-run. If you want to bet live, bet during breaks.
I've noticed the same, even most betting websites that have streams are often at least 1-2 minutes behind, sometimes just as far behind as the twitch stream (which can be up to 6 minutes delayed) so that's not really an option. I don't plan on doing any live betting for that reason besides halftime and tech pauses but if I can find a solution to at least somewhat alleviate this in the future I might give it a go.
Quote:
Qualitative handicapping is still worthwhile but I'd combine it with something quantitative. Also, frequently if you find something qualitative angle and you have data, you can try to evaluate its real worth.
Working on something like this right now, I'll see what ends up happening but I'll likely record qualitative/quantitative picks separately and then abandon one (likely qualitative) if I have success with the other, or I might just keep doing both if they're both +ev, time will tell I guess.
Quote:
Firstly, have some respect for the market. This is a decent sized market. Pinnacle has said in interviews that esports as a whole is like their 6-7th biggest market. It isn't just all squares. At the same time, it can be beaten.
This is largely my (admittedly) ignorant opinion as well, I'm under no illusions that I'm significantly (or even at all) beating the market right now. That being said, I do believe that esports is significantly less efficient than other traditional sports, so I'm hoping that the difficulty level is far less than trying to cap NFL spreads or something.
Quote:
Line shopping should still be in the toolbelt. You may not find a ton of arbs (I'm sure you'll find some) but this is a good way to get your average vig way down. For DotA2, there are at least a half dozen decent books with different lines and I'm sure CS:GO has at least as many since all books that offer DotA should offer CS:GO lines. There's also a lot of books that buy from the same line suppliers so be mindful of that.[Line shopping should still be in the toolbelt. You may not find a ton of arbs (I'm sure you'll find some) but this is a good way to get your average vig way down. For DotA2, there are at least a half dozen decent books with different lines and I'm sure CS:GO has at least as many since all books that offer DotA should offer CS:GO lines. There's also a lot of books that buy from the same line suppliers so be mindful of that.
Given how quickly esports books in general tend to limit, do you think it's worthwhile basically "saving" these books and then just max betting when something is really off, or is it more a case of taking the best price possible and if and when you get limited so be it?
Quote:
Originally Posted by Xaston
This is what every square sports bettor thinks about whatever sport they blow their money betting on thinks
This is probably true, but it's fallacious to state that I'm a square bettor because of that. (I very well might be).
Basically my hypothesis, to really flesh it out is as follows:
1. CSGO is an inefficient market
2. I have a high degree of knowledge regarding CSGO
3. Therefore, it stands to reason that I should profit from the CSGO market.
Obviously you can question the premises(especially #2, which may very well not be true), but I don't think there's anything there that's automatically disqualifying to my argument.
If I was a huge fan of third division Senegalese soccer, watched every game followed every team injury etc, would you say I can't beat the market because that's "what every square bettor thinks?"
Don't mean for this to be confrontational FWIW just trying to explain further my perspective on it, appreciate you chiming in nonetheless