Another baseball system...rip away please

Enfuego

EOG Dedicated
The next system is a system that uses underdogs. This system is expecially designed for betting on baseball. In other words, you will bet on baseball dawgs.

One very important thing that you should remember is that sports gamblers love favorites. Oddsmakers know this and they know that the tendency of almost every sports gambler is to think that the spreads, set by the oddsmakers, represents how much a team is favored to win the game.

Well, the fact is that oddsmakers set the spreads based on public perception with the goal of getting 50% of bettors to bet on each team (each side). By doing this, sportsbooks come out ahead no matter who wins the game.

Now, let's keep this chapter short and to the point.

Fact: In baseball, there is a law of average showing that over an entire season, underdogs will beat favorites about 4 games out of 9 (44%). Even with money lines of 2.25, 2.35 or 2.50.

Example:
If you bet $25 on 9 dogs with odds of 2.35 (+135), you will make 4 X $25 X 2.35 = $235 - 9 X $25 = $225. So you end with a profit of $10.

So, in order to help you select the best underdogs and this way, make more money, you will have to follow 3 simple rules in your selection of underdogs.

3 Rules to follow:

1) You must eliminate the game where the dawg has lost 3 or more games in a row or the favorite has won 3 or more games in a row. Remember that every baseball team faces some long losing streaks as well as long winning streaks.

2) Eliminate games where the money line for the dawg is higher thn 2.50 (+150). If this is the case, there is a reason and you must avoid these games.

3) Eliminate games where the underdog is facing a very good pitcher. If they're facing a pitcher who's in the top 20 of the MLB, move on to another selection. You can use any newspaper as well as a log of web sites to have access to this information. www.tsn.com is a good site. The pitchers standing must be according to the ERA.

So, everyday, if you follow these 3 rules on a day with as many as 15 games, you should be left with between 3 and 9 underdog teams to bet on.

Amount to bet:

It is really up to you. Betting around 1.25% to 2.5% of your bankroll is ok. So, if you have a $1000 bankroll, 2.5% meenas that you will bet $25 a game.

Now everyday, all you have to do is check the MLB schedule and eliminate the games following the 3 rules.

After that, you're ready to bet.

I looked at a week last year and using the system, it ended the week going 13-11 (54.1%). And all for underdogs. During that week there was a profit of $140.75.

Good luck if you use it and now you can all tell me why it won't work.
 

munson15

I want winners...
Re: Another baseball system...rip away please

No ripping from me, Enfuego. I'll leave that to others, I don't believe in bashing people who are being serious about a system, a bet, or anything.

The system you describe is sometimes referred to as the "Stoffo" system. It takes it's name from a gentleman who popularized it in some circles. I wrote back and forth with another man from overseas who claims that Stoffo misappropriated the idea, but that has nothing to do with its effectiveness.

I play-tested this system in 2007 and lost money, last year it was tracked across the street with mixed results. The odd thing is, in prior years it had done well by most accounts. I would advise against using the system, but there are elements to it that I feel are a sound basis for handicapping games. Thanks for bringing this up, I think we discussed this at length last season in the baseball forum.:cheers
 

Enfuego

EOG Dedicated
Re: Another baseball system...rip away please

No ripping from me, Enfuego. I'll leave that to others, I don't believe in bashing people who are being serious about a system, a bet, or anything.

The system you describe is sometimes referred to as the "Stoffo" system. It takes it's name from a gentleman who popularized it in some circles. I wrote back and forth with another man from overseas who claims that Stoffo misappropriated the idea, but that has nothing to do with its effectiveness.

I play-tested this system in 2007 and lost money, last year it was tracked across the street with mixed results. The odd thing is, in prior years it had done well by most accounts. I would advise against using the system, but there are elements to it that I feel are a sound basis for handicapping games. Thanks for bringing this up, I think we discussed this at length last season in the baseball forum.:cheers

I think I'm going to track it this year and we'll see how it does. Thanks for the input.
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

You lost me when you said the books were trying to get 50% on each side...

Seriously there are no sure systems in baseball, but good luck to you with your handicapping....not bashing you, too many variables for you to have success...
 

Enfuego

EOG Dedicated
Re: Another baseball system...rip away please

You lost me when you said the books were trying to get 50% on each side...

Seriously there are no sure systems in baseball, but good luck to you with your handicapping....not bashing you, too many variables for you to have success...

Viejo, I'm interested in your philosophy here. If they're not trying to balance it out then what are they trying to do in your opinion?

Also, I'm just posting these systems for everyone to use or not. I've never even used them.
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

Books that I have been associated with let the players play and move money accordingly...good books don't have opinons although I know some books who like to gamble...

Books need decisions and the juice will take care of itself...way too much overhead involved for a book to sit on a game 50-50....would work only for a small local, but then laydowns would be a problem for him..
 

WINBET

EOG Dedicated
Re: Another baseball system...rip away please

its a fallacy and an unrealistic target for The Books to expect balanced action. Their main concern is a solid number which doesnt move, then regardless of bets taken, they will balance out over time with the vig coming into play. Thats why certain Bookmakers have leans as rather than the bettors dictating their bets, they make the call, basically gambling at advantageous odds.

any Bookmaker will tell you that when they set the odds for a particular game the initial worry is allowing sharp bettors to take asdvantage, losing bettors (the public as some Yanks call them) are never a worry no matter what odds they are getting as they will always lose over time. In fact Books will go out of their way to offer the best odds to what is called in Britain, a regular client. :cheers
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

its a fallacy and an unrealistic target for The Books to expect balanced action. Their main concern is a solid number which doesnt move, then regardless of bets taken, they will balance out over time with the vig coming into play. Thats why certain Bookmakers have leans as rather than the bettors dictating their bets, they make the call, basically gambling at advantageous odds.

any Bookmaker will tell you that when they set the odds for a particular game the initial worry is allowing sharp bettors to take asdvantage, losing bettors (the public as some Yanks call them) are never a worry no matter what odds they are getting as they will always lose over time. In fact Books will go out of their way to offer the best odds to what is called in Britain, a regular client. :cheers
Was with JoeyFitz yesterday and we had the same conversation and came to the same conclusion...:cheers
 

BigDaddy

EOG Master
Re: Another baseball system...rip away please

i think this is the stoffo system i havent read it all but from the top 20 i think it is


LVA had a good thread all last year and with some tweaking this is a good system
 

WINBET

EOG Dedicated
Re: Another baseball system...rip away please

VD,
Your obviously top class that you can still post after spending time with a wanker like Joey. :LMAOas always, every post you make on Bookmaking is different class, if only all forum members understood the ins and outs of that Profession. :cheers
 

cheapseats

EOG Master
Re: Another baseball system...rip away please

Books need decisions and the juice will take care of itself...way too much overhead involved for a book to sit on a game 50-50....would work only for a small local, but then laydowns would be a problem for him.

what is a decision as you describe ?
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

Decisions set by the owner or linesmaker...anywhere from 10000 to 50000...

This is with the major sports...

Example;

Phila Eagles 185000
Dallas 145000

Book needs Dallas for 40000 large; depends on juice involved including parlays and teasers...
 

cheapseats

EOG Master
Re: Another baseball system...rip away please

Decisions set by the owner or linesmaker...anywhere from 10000 to 50000...

This is with the major sports...

Example;

Phila Eagles 185000
Dallas 145000

Book needs Dallas for 40000 large; depends on juice involved including parlays and teasers...


Is this, then where books can, at times, off load money to another b/c their decision did not make
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

Any book that lays money off (even at a better number) isn't really a bookmaker...

This is my personal opinon....
 

munson15

I want winners...
Re: Another baseball system...rip away please

Any book that lays money off (even at a better number) isn't really a bookmaker...

This is my personal opinon....
I agree, I have a local here who won't expose himself to more than $500 of risk on a game. He's always on the phone trying to lay off what he doesn't want and probably makes 1/2 what he could.
 

WINBET

EOG Dedicated
Re: Another baseball system...rip away please

Any book that lays money off (even at a better number) isn't really a bookmaker...

This is my personal opinon....

Sorry VD but thats not being realistic, all Bookmakers will hedge if the circumstances arise. Consider the influence the biggest Books have in betting down a number to their advantage, usually very little compared to what their taking.

British Markets are used to bookmaker manipulation but Yank bettors seem bereft of the notion. Truth is books like Pinny constantly knee jerk the Markets to their advantage, if you dont believe me put yourself in their shoes, its money for old rope on the Exchanges. :cheers
 

cheapseats

EOG Master
Re: Another baseball system...rip away please

Any book that lays money off (even at a better number) isn't really a bookmaker...

This is my personal opinon....


I can see your opinion, I guess you would have to say they are an opportunist of shorts, something akin to a hedge fund operator, especially if the numbers they seek are readily obtainable and priced right.
 

Viejo Dinosaur

EOG Master
Re: Another baseball system...rip away please

Sorry VD but thats not being realistic, all Bookmakers will hedge if the circumstances arise. Consider the influence the biggest Books have in betting down a number to their advantage, usually very little compared to what their taking.

British Markets are used to bookmaker manipulation but Yank bettors seem bereft of the notion. Truth is books like Pinny constantly knee jerk the Markets to their advantage, if you dont believe me put yourself in their shoes, its money for old rope on the Exchanges. :cheers
Would love to be in their shoes for a couple weeks; especially the ones in England and Ireland (fuk the Aussies) Not opposed to learning....old dogs could learn new tricks of the trade...
 

massacre

EOG Member
Re: Another baseball system...rip away please

Great post here guys. You should also consider the size of the book to the equation and include book making knowledge. Most new books or smaller books are not in a position to hedge nor have the ability to understand the dynamics involved. The vast majority of these operations do not have opinions and move off others including those of Pinnies. In the end, small to mid level books have a poor chance of a 50/50 position due to the small numbers of punters involved and even less a chance to layoff successfully unless they really understand how it works and the ramifications of being out of business quickly.
 

trytrytry

All I do is trytrytry
Re: Another baseball system...rip away please

this looks to be a very poor way to bet...perhaps if at matchbook with near zero vig you might break even long term...stay clear of this overall at 10 cent shops..
 
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