Quote Originally Posted by SportsIntuition: @Kadejax Not easy but not impossible either. Follow the picks and insert your own numbers because at the end of the day that's all that matters. Actually, profit is the only thing that matters. Not winners. And your profit is less than it should be because you throw money away on insurance. Look - do what you want - thats up to you. But dont advocate it like it is a good idea to others. It isnt. Math does apply to you, no matter how hard you try to use anecdotal evidence to the contrary.
If there is one thing that has been VERY CLEAR from the start is that I DON'T ADVOCATE BUYING POINTS because 99% of the bettors lose consistently, therefore, it's a losing proposition.
But for the 1% who win consistently, like myself, it does make sense for certain reasons.
If you didn't understand this before, maybe you do now.
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Quote Originally Posted by vanzack:
Quote Originally Posted by SportsIntuition: @Kadejax Not easy but not impossible either. Follow the picks and insert your own numbers because at the end of the day that's all that matters. Actually, profit is the only thing that matters. Not winners. And your profit is less than it should be because you throw money away on insurance. Look - do what you want - thats up to you. But dont advocate it like it is a good idea to others. It isnt. Math does apply to you, no matter how hard you try to use anecdotal evidence to the contrary.
If there is one thing that has been VERY CLEAR from the start is that I DON'T ADVOCATE BUYING POINTS because 99% of the bettors lose consistently, therefore, it's a losing proposition.
But for the 1% who win consistently, like myself, it does make sense for certain reasons.
If you didn't understand this before, maybe you do now.
Quote Originally Posted by vanzack: Quote Originally Posted by SportsIntuition: @Kadejax Not easy but not impossible either. Follow the picks and insert your own numbers because at the end of the day that's all that matters. Actually, profit is the only thing that matters. Not winners. And your profit is less than it should be because you throw money away on insurance. Look - do what you want - thats up to you. But dont advocate it like it is a good idea to others. It isnt. Math does apply to you, no matter how hard you try to use anecdotal evidence to the contrary. If there is one thing that has been VERY CLEAR from the start is that I DON'T ADVOCATE BUYING POINTS because 99% of the bettors lose consistently, therefore, it's a losing proposition. But for the 1% who win consistently, like myself, it does make sense for certain reasons. If you didn't understand this before, maybe you do now.
Once again, this is the exact opposite of what you would want to do.
It's like advocating life insurance to a healthy 20-year-old and not advocating it to an ill elderly person.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by SportsIntuition:
Quote Originally Posted by vanzack: Quote Originally Posted by SportsIntuition: @Kadejax Not easy but not impossible either. Follow the picks and insert your own numbers because at the end of the day that's all that matters. Actually, profit is the only thing that matters. Not winners. And your profit is less than it should be because you throw money away on insurance. Look - do what you want - thats up to you. But dont advocate it like it is a good idea to others. It isnt. Math does apply to you, no matter how hard you try to use anecdotal evidence to the contrary. If there is one thing that has been VERY CLEAR from the start is that I DON'T ADVOCATE BUYING POINTS because 99% of the bettors lose consistently, therefore, it's a losing proposition. But for the 1% who win consistently, like myself, it does make sense for certain reasons. If you didn't understand this before, maybe you do now.
Once again, this is the exact opposite of what you would want to do.
It's like advocating life insurance to a healthy 20-year-old and not advocating it to an ill elderly person.
Quote Originally Posted by SportsIntuition: @dubz4dummyz Again, there is no right or wrong, it's a matter of a person's comfort level. If I get -120 to get to 16 with my local when the big books are charging -130 or -135, one could argue I am doing it because of the value I'm getting with my book. Again, there is no "black and white" because there are so many moving parts to why a person might choose to do it. I 100% agree i just meant to point out the massive advantage of getting to +3.0 as opposed to +16.0....which you kinda shrugged off.....there is a massive value difference there alone....
The advantage is obvious given the numbers presented [+3/+16], but the bettor would never be presented with the decision to buy to +3 or +16 in the same game.
However, looking at both scenarios independently, one might be able to argue that there is great value in both.
Value is like beauty... it's in the eye of the beholder.
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Quote Originally Posted by dubz4dummyz:
Quote Originally Posted by SportsIntuition: @dubz4dummyz Again, there is no right or wrong, it's a matter of a person's comfort level. If I get -120 to get to 16 with my local when the big books are charging -130 or -135, one could argue I am doing it because of the value I'm getting with my book. Again, there is no "black and white" because there are so many moving parts to why a person might choose to do it. I 100% agree i just meant to point out the massive advantage of getting to +3.0 as opposed to +16.0....which you kinda shrugged off.....there is a massive value difference there alone....
The advantage is obvious given the numbers presented [+3/+16], but the bettor would never be presented with the decision to buy to +3 or +16 in the same game.
However, looking at both scenarios independently, one might be able to argue that there is great value in both.
Value is like beauty... it's in the eye of the beholder.
that example is not talking about the same game (the +3 or +16)
the idea is that many more games end on 3 as opposed to 16....hence when you are buying around 3 you have a much higher chance of actually landing exactly on 3 and getting a push....nothing more nothing less
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@SportsIntuition
that example is not talking about the same game (the +3 or +16)
the idea is that many more games end on 3 as opposed to 16....hence when you are buying around 3 you have a much higher chance of actually landing exactly on 3 and getting a push....nothing more nothing less
I disagree with this statement. Calculating risk is a macro calculation not a micro calculation. One Pat's game can be looked at as lucky, 500 Patriots games are a better example of accurate risk assessment.
this is a word salad unless you can expand on it
are you saying 500 actual patriots games
or are you saying running 500 simulations of 1 patriots game....
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Quote Originally Posted by vanzack:
Quote Originally Posted by dubz4dummyz: @vanzack
I disagree with this statement. Calculating risk is a macro calculation not a micro calculation. One Pat's game can be looked at as lucky, 500 Patriots games are a better example of accurate risk assessment.
this is a word salad unless you can expand on it
are you saying 500 actual patriots games
or are you saying running 500 simulations of 1 patriots game....
Quote Originally Posted by vanzack: Quote Originally Posted by dubz4dummyz: @vanzack I disagree with this statement. Calculating risk is a macro calculation not a micro calculation. One Pat's game can be looked at as lucky, 500 Patriots games are a better example of accurate risk assessment. this is a word salad unless you can expand on it are you saying 500 actual patriots games or are you saying running 500 simulations of 1 patriots game....
I am saying 500 games. Sorry for the poor wording. Just meant 500 games similar to the Patriots game, where it is basically a coin flip game
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by dubz4dummyz:
Quote Originally Posted by vanzack: Quote Originally Posted by dubz4dummyz: @vanzack I disagree with this statement. Calculating risk is a macro calculation not a micro calculation. One Pat's game can be looked at as lucky, 500 Patriots games are a better example of accurate risk assessment. this is a word salad unless you can expand on it are you saying 500 actual patriots games or are you saying running 500 simulations of 1 patriots game....
I am saying 500 games. Sorry for the poor wording. Just meant 500 games similar to the Patriots game, where it is basically a coin flip game
SP I like the way you handle yourself on Covers. You are right in so many ways. I had an old gambler tell me "if its so easy pickin' winners than try pickin' losers and see how that works for ya"...He was right. GL brother I'm tailing rest of way....
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@SportsIntuition
SP I like the way you handle yourself on Covers. You are right in so many ways. I had an old gambler tell me "if its so easy pickin' winners than try pickin' losers and see how that works for ya"...He was right. GL brother I'm tailing rest of way....
If you get a push after buying half a point: good you bought it, but hitting many pushes is also indicative of betting too many fair lines ( which you shouldnt wanna do).
If you assume almost gaussian distributions ( at least jagged ones because of the incremental scores for FGs and TDs) for football results, then you should be willing to pay the more for a half point the closer it is to the median of the point distribution. And because you should disagree with the markets perception on any given median in order to place a bet, you should also consequently disagree on the value of that half point and better not buy it.
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If you get a push after buying half a point: good you bought it, but hitting many pushes is also indicative of betting too many fair lines ( which you shouldnt wanna do).
If you assume almost gaussian distributions ( at least jagged ones because of the incremental scores for FGs and TDs) for football results, then you should be willing to pay the more for a half point the closer it is to the median of the point distribution. And because you should disagree with the markets perception on any given median in order to place a bet, you should also consequently disagree on the value of that half point and better not buy it.
@SportsIntuition that example is not talking about the same game (the +3 or +16) the idea is that many more games end on 3 as opposed to 16....hence when you are buying around 3 you have a much higher chance of actually landing exactly on 3 and getting a push....nothing more nothing less
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Quote Originally Posted by dubz4dummyz:
@SportsIntuition that example is not talking about the same game (the +3 or +16) the idea is that many more games end on 3 as opposed to 16....hence when you are buying around 3 you have a much higher chance of actually landing exactly on 3 and getting a push....nothing more nothing less
@Crater I don't play to "push", I play to win, which is why I often see buy off the flat number [ie. 3 to 3.5] and this is evident in only having 1 push so far.
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@DomBooks I will post the pick soon!
@mrb9999
@boro33
@kiddwellington
@Crater I don't play to "push", I play to win, which is why I often see buy off the flat number [ie. 3 to 3.5] and this is evident in only having 1 push so far.
but just because you disagree with the line has no bearing on the actual result of the game.....sure you disagree and think you have found value.....but now the game has to be played and you are at the mercy of the bounces
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@Crater
yes theoretically.....
but just because you disagree with the line has no bearing on the actual result of the game.....sure you disagree and think you have found value.....but now the game has to be played and you are at the mercy of the bounces
@Crater yes theoretically..... but just because you disagree with the line has no bearing on the actual result of the game.....sure you disagree and think you have found value.....but now the game has to be played and you are at the mercy of the bounces
... and the hidden agendas.
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Quote Originally Posted by dubz4dummyz:
@Crater yes theoretically..... but just because you disagree with the line has no bearing on the actual result of the game.....sure you disagree and think you have found value.....but now the game has to be played and you are at the mercy of the bounces
But it also costs a lot more to get on/off 3 than 16. The premium you pay corresponds to the frequency of occurrence. So it's not necessarily better just because of frequency of occurrence. Sometimes you sell to go from -3 to -3.5 because of the value it gives.
Generally, I'm on the buying points side. I'd like to pay a premium for more protection. But I also sell life insurance, and I value insurance a lot more than most people. When looking at the (A) 20-10 vs. (B)10-20 scenario with equal profits, you can't assume which bettor is better without looking at how much they bet. Let's assume bettor A made all his bets between -105 and -125 with wagers between 1u and 5u. If the B bettor had positive money because he made one huge 50u bet that won while other bets are all 1u-5u, then IMHO, that's not a good bettor because of too much risk involved = worse than A. But if the B bettor made all bets between 1u and 5u, then the only way to make positive money is making a lot of underdog ML bets or other +Money bets, which means less money risked for same winnings = better than A.
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@dubz4dummyz
But it also costs a lot more to get on/off 3 than 16. The premium you pay corresponds to the frequency of occurrence. So it's not necessarily better just because of frequency of occurrence. Sometimes you sell to go from -3 to -3.5 because of the value it gives.
Generally, I'm on the buying points side. I'd like to pay a premium for more protection. But I also sell life insurance, and I value insurance a lot more than most people. When looking at the (A) 20-10 vs. (B)10-20 scenario with equal profits, you can't assume which bettor is better without looking at how much they bet. Let's assume bettor A made all his bets between -105 and -125 with wagers between 1u and 5u. If the B bettor had positive money because he made one huge 50u bet that won while other bets are all 1u-5u, then IMHO, that's not a good bettor because of too much risk involved = worse than A. But if the B bettor made all bets between 1u and 5u, then the only way to make positive money is making a lot of underdog ML bets or other +Money bets, which means less money risked for same winnings = better than A.
@DomBooksI will post the pick soon! @mrb9999 @boro33 @kiddwellington @CraterI don't play to "push", I play to win, which is why I often see buy off the flat number [ie. 3 to 3.5] and this is evident in only having 1 push so far.
Well, OK, please replace "push" in my posting by "result close to the betted line" then. Ideally the median of the results of the games that you bet on is not close to the betted line. And the more the results are shifted on the x axis, the less valueable are those half points close to the main line.
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@SportsIntuition
Quote Originally Posted by SportsIntuition:
@DomBooksI will post the pick soon! @mrb9999 @boro33 @kiddwellington @CraterI don't play to "push", I play to win, which is why I often see buy off the flat number [ie. 3 to 3.5] and this is evident in only having 1 push so far.
Well, OK, please replace "push" in my posting by "result close to the betted line" then. Ideally the median of the results of the games that you bet on is not close to the betted line. And the more the results are shifted on the x axis, the less valueable are those half points close to the main line.
@dubz4dummyz But it also costs a lot more to get on/off 3 than 16. The premium you pay corresponds to the frequency of occurrence. So it's not necessarily better just because of frequency of occurrence. Sometimes you sell to go from -3 to -3.5 because of the value it gives. Generally, I'm on the buying points side. I'd like to pay a premium for more protection. But I also sell life insurance, and I value insurance a lot more than most people. When looking at the (A) 20-10 vs. (B)10-20 scenario with equal profits, you can't assume which bettor is better without looking at how much they bet. Let's assume bettor A made all his bets between -105 and -125 with wagers between 1u and 5u. If the B bettor had positive money because he made one huge 50u bet that won while other bets are all 1u-5u, then IMHO, that's not a good bettor because of too much risk involved = worse than A. But if the B bettor made all bets between 1u and 5u, then the only way to make positive money is making a lot of underdog ML bets or other +Money bets, which means less money risked for same winnings = better than A.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by starguide:
@dubz4dummyz But it also costs a lot more to get on/off 3 than 16. The premium you pay corresponds to the frequency of occurrence. So it's not necessarily better just because of frequency of occurrence. Sometimes you sell to go from -3 to -3.5 because of the value it gives. Generally, I'm on the buying points side. I'd like to pay a premium for more protection. But I also sell life insurance, and I value insurance a lot more than most people. When looking at the (A) 20-10 vs. (B)10-20 scenario with equal profits, you can't assume which bettor is better without looking at how much they bet. Let's assume bettor A made all his bets between -105 and -125 with wagers between 1u and 5u. If the B bettor had positive money because he made one huge 50u bet that won while other bets are all 1u-5u, then IMHO, that's not a good bettor because of too much risk involved = worse than A. But if the B bettor made all bets between 1u and 5u, then the only way to make positive money is making a lot of underdog ML bets or other +Money bets, which means less money risked for same winnings = better than A.
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