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The Well: calm The Well: calm

12-15-2011 , 11:56 PM
Quote:
Originally Posted by nuggetz87
you said line shopping is more important to you than statistical modeling. don't your models enable you to identify the good lines?
Yes but I'm not rsigley - I don't have play-by-play data and models for 437 different sports and a town full of anatomically correct wax people in the works. Most of my bets comes from simply line shopping.

Quote:
any words of wisdom for someone with no previous SB experience who plans on trying to model MLB stuff using excel and regression software? my plan for now is to download stats from a site, put them into excel, figure out what's important and go from there.
Search for TomG's old MLB robotical tools thread. Also make sure you understand the key ideas covered here: http://forum.sbrforum.com/handicappe...-approach.html

Quote:
Originally Posted by MyTurn2Raise
what should I do with my life?
Short answer: whatever makes you happy.
Long answer: I'm not aware of any SBer who feels that betting is the final piece to the puzzle - or maybe even a net positive - in leading a happy, fulfilling life. It obviously has its benefits, but it can also be very monotonous, isolating, and generally uninspiring. Then again I don't find the average 9-5 very inspiring either. I view SB as a great opportunity or stepping stone - getting "**** you" money to pursue whatever I want for as long as I want, to explore new countries, try new hobbies, discover new passions, etc. I never had an "end game" in mind when I started betting seriously, but if I'm still going full-time five years from now I'd consider this whole venture a failure. Everyone's goals are different - staring at lines for twelve hours straight on a sunny Saturday in early September in Montreal isn't any (sane) person's idea of a good time, so I definitely understand those who feel the sacrifice isn't worth the payoff. We've only hung out a few times, but I gather you're less motivated by money than most people - so I guess I'd lean towards "do something else you enjoy more".

Sorry for rambling, hope something there helps. It's been too long since I've thought about long-term plans - thanks for reminding me :P

Quote:
Originally Posted by MyTurn2Raise
USC or Illini women's vball in final 4?
USC but it'll get taken away in a few years anyway.

Last edited by calm; 12-16-2011 at 12:04 AM.
The Well: calm Quote
12-16-2011 , 03:11 AM
what r ur favourite places in central america/the world and why?

do u use line or arb alert services and which would u consider the best?
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12-16-2011 , 10:52 AM
Thanks for the Well.

Any general opinions on Betting Exchanges or on the future of sports betting?
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12-16-2011 , 05:50 PM
Quote:
Originally Posted by subz
what r ur favourite places in central america/the world and why?
I've never been outside the Americas yet, but I really enjoyed both Brazil and Colombia - cheap hookz and blow, and the police are in that sweet spot where they're not so corrupt that they'll go out of their way to harass you, but corrupt enough so if you get in any trouble $20 will get you on your way.

Quote:
do u use line or arb alert services and which would u consider the best?
Nope. For a while I hired a guy off one of those Indian virtual personal assistant sites - his job was to stay on skype all day and holler whenever anything lit up on Pinnacle. It was quite useful especially for those slow days in the middle of summer, but it ultimately caused more problems than it was worth i.e. his English wasn't very good so it was hard finding the right game he was calling out, and one time he hadn't called anything out for a long time so I almost forgot we were still connected when I started skype sexing my girlfriend.

Quote:
Originally Posted by wamplerr
Any general opinions on Betting Exchanges or on the future of sports betting?
I think exchanges could be really big if they could just get the word out - nobody ever seems to recommend Matchbook to new bettors, which is a shame IMO. They also need to figure out a way to get more liquidity. I really hope online sports betting gets opened up to casinos in the U.S. sometime soon, but I'm obviously not counting on it. Unfortunately I think the industry's success heavily depends on smoothly processing transactions with U.S. players - so far most books seem to be managing ok, but we'll see if that's sustainable.
The Well: calm Quote
12-16-2011 , 10:46 PM
Nice Job.

D.
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12-17-2011 , 06:09 AM
1)What % of your sb income is arbs and what is normal bets where you only have one side?

2)Today's NFL game Dallas vs Tampa Bay opened with Dallas -6 at -104,now TB+6 is at +114.
If you placed a bet on Dallas-6 at -104,do you bet on TB+6 and get 2.34% ROI or you stay with your Dallas pick?
If yes what decides if you will bet on other side or not is it something like at least 2% ROI or something else?

3)When you place bets do you place them soley for possible line change so you can bet on the other side or its just a bonus if it changes to your advantage?

4)How often you have instant arb where 2 different sites offer different lines?

5)On which sports/types of bets sportsbooks disagree the most and are easiest to make arb bets?
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12-17-2011 , 06:19 PM
What is the most niche sport you bet regularly/have some sort of a model for?
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12-17-2011 , 06:53 PM
what is your favorite fiction book (s)?
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12-17-2011 , 06:53 PM
what is your favorite non-fiction book(s)?
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12-17-2011 , 06:54 PM
Have you enjoyed doing a well?
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12-17-2011 , 07:07 PM
Quote:
I look at them as simply derivatives of the full game, and model them as such. Somehow my model failed miserably for football, though it seems to be working well for basketball.
I'm no where near as smart of experienced as most people here, but I spent a lot of time trying to create a model for halves and quarters in football and have had a rough time doing anything better than break even on it. Makes me feel better than I'm not the only one who hasn't been successful.

But right away, I realized my model would work wayyy better for basketball, simply due to inherent differences in point distribution between the two sports.

Would you agree with the fact that the point distribution in basketball is much more favorable for creating a better model to cap basketball halves and quarters, or is there a lot more to it?
The Well: calm Quote
12-18-2011 , 01:13 AM
Quote:
Originally Posted by Wafflelord
1)What % of your sb income is arbs and what is normal bets where you only have one side?
1% / 99%

Quote:
2)Today's NFL game Dallas vs Tampa Bay opened with Dallas -6 at -104,now TB+6 is at +114.
If you placed a bet on Dallas-6 at -104,do you bet on TB+6 and get 2.34% ROI or you stay with your Dallas pick?
If yes what decides if you will bet on other side or not is it something like at least 2% ROI or something else?
I'll only bet the other side if I think it's neutral EV or better.

Quote:
3)When you place bets do you place them soley for possible line change so you can bet on the other side or its just a bonus if it changes to your advantage?
Like I said earlier, I don't believe anyone who says they can predict line movements - any movement is just a bonus.

Quote:
4)How often you have instant arb where 2 different sites offer different lines?
Pretty often - that's my bread and butter.

Quote:
5)On which sports/types of bets sportsbooks disagree the most and are easiest to make arb bets?
Smaller markets, particularly propositions.

Quote:
Originally Posted by OreosAndMilk
What is the most niche sport you bet regularly/have some sort of a model for?
I've found arbs on everything from handball to Japanese B League soccer, but the vast majority come from the major US sports and that's where I focus my efforts. I only have models for MLB/NBA/NCAABB.

Quote:
Originally Posted by MyTurn2Raise
what is your favorite fiction book (s)?
Infinite Jest, Great Gatsby, East of Eden, The Dice Man.

Quote:
Originally Posted by MyTurn2Raise
what is your favorite non-fiction book(s)?
Selfish Gene, Adapt, Moneyball, Surely You're Joking Mr Feynman!

I need to read more I can't think of a single book I've read and thought "damn that was a waste of time" - definitely can't say the same about the countless hours reading random **** online.

Quote:
Originally Posted by MyTurn2Raise
Have you enjoyed doing a well?
Yes it's been fun. Almost makes me want to start posting more here again... but nah. The thought of Poogs or GCG accumulating ricebowlz still makes me cringe.

Quote:
Originally Posted by JohnnyFondue
Would you agree with the fact that the point distribution in basketball is much more favorable for creating a better model to cap basketball halves and quarters, or is there a lot more to it?
It certainly seems that way, but honestly your guess is as good as mine.
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12-18-2011 , 02:04 AM
You said instant arbs are your bread and butter and yet only 1% of your SB income is from arbs.

???
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12-18-2011 , 02:16 AM
Quote:
Originally Posted by copoka
You said instant arbs are your bread and butter and yet only 1% of your SB income is from arbs.

???
You can have an arb available and only bet the soft side. That's obviously what he means.
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12-18-2011 , 02:28 AM
That makes betting soft lines his bread and butter not arbing.
I can see that.

Why even mention arbs then if there is no intention to arb to begin with?

Does not look too obvious to me.
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12-18-2011 , 02:39 AM
Quote:
Originally Posted by copoka
That makes betting soft lines his bread and butter not arbing.
I can see that.

Why even mention arbs then if there is no intention to arb to begin with?

Does not look too obvious to me.
Arbable lines are the most obvious times when there has to be at least one soft side, by definition.
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12-18-2011 , 03:17 AM
make sense. ty
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12-18-2011 , 06:31 AM
If your bankroll was 10k$ right now how much would you expect yourself to make in a month on avg without running too hot or too cold while following solid brm?
How much $ would be your 1 unit with that roll?
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12-18-2011 , 12:04 PM
do you use a live odds service or a custom built contraption?
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12-18-2011 , 12:06 PM
"Yes it's been fun. Almost makes me want to start posting more here again... but nah. The thought of Poogs or GCG accumulating ricebowlz still makes me cringe."

LOL dont worry youre not exactly giving away the farm here.

Thanks to The Well Calm Edition I now know to bet the soft side of arbs....look out Billy Walters!!
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12-18-2011 , 12:15 PM
How much did you make in your best year?
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12-18-2011 , 09:27 PM
Quote:
Originally Posted by Poogs
"Yes it's been fun. Almost makes me want to start posting more here again... but nah. The thought of Poogs or GCG accumulating ricebowlz still makes me cringe."

LOL dont worry youre not exactly giving away the farm here.

Thanks to The Well Calm Edition I now know to bet the soft side of arbs....look out Billy Walters!!
Reading iz hard. Thanks for playing.
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12-18-2011 , 11:08 PM
oooh he card read good!
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12-18-2011 , 11:49 PM
out of the d- books you play at, which do you think are underrated and worthy of keeping a portion of your bankroll in?
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12-18-2011 , 11:59 PM
How many trucks do you think Poogs will accumulate before the game gets too hard and he is reduced to being a donator?
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