Thanks rf. Whether you use a statistical model or feel/instinct to place your bets, it's the same fundamental idea - you want the market to agree with you.
There is a really good chance that the game will go to 9 1/2 under (-120) by game time. I would be suprised if the game gets bet over.
I'm not working right now (betting or booking) and can't answer that question right.
best post from you in a long time.....if it were pure stats of any mix or match, any pair or deviation or any other pure statistical measure, the books from las vegas to the end of the world would be out of business, especially in this age of information and so forth..........For what its worth I agree with high Times, anyone I know who's making money has very few ligitimate bets. Arbing on exchanges, using multiple accounts for scalping and trading special offers have very little risk. Tim appears to be journeying down a well trodden path most of us have been down in our lives but will no doubt change when he realises its just a hamster wheel. Winning at betting takes more than easy tricks every forum is full of, guile and experience easily outweigh anything else. :cheers
best post from you in a long time.....if it were pure stats of any mix or match, any pair or deviation or any other pure statistical measure, the books from las vegas to the end of the world would be out of business, especially in this age of information and so forth..........
SF -118 if you got any money left Osu. and Suns -3 to get out of your series.
Try telling these guys this. They have this grand illusion that beating the closing lines makes you a winner instantly.
Never did and never will.
best post from you in a long time.....if it were pure stats of any mix or match, any pair or deviation or any other pure statistical measure, the books from las vegas to the end of the world would be out of business, especially in this age of information and so forth..........
I've seen this argument a few times and it doesn't make sense to me. Not only have I seen guys who couldn't name a single player on either team (i.e. "Kobe O'Bryant") who make well over 100k a year from straight statistical modeling. You can definitely create better numbers than the Vegas openers with pure statistics. It's just that there are very very very few people who have the math background (the real disqualifier for most people), patience, and discipline to develop +EV stat models.
You could give 1,000 guys a full database with the line data, box score stats, and individual player stats and only one or two gamblers at most would be able to make a +EV model out of it.
Secondly - with the way most sportsbooks operate, even if there are a handful of guys winning 57% of their bets betting the full limit, that's still not enough to outweigh the other 99% who are absolutely clueless. So I don't agree that Vegas would "go broke" if pure stat models could make money (which they can).
In my 15+ years of these forums, I have yet to see anybody post what you are talking about. Of course, those with the math and understanding are not about to give away the holly grail, right. Look, there is always someone that is willing to sell their holly grail, and I have yet to see that. Tim, I know you are of the math and all, but you yourself do not post the +ev's that you say you have. I think in a prior post, you were just looking to have conversation and such. Let's see your math work.
I don't claim to have the knowledge, the time, nor the inclination to do what you say can be done, and, I have yet to see anybody put forth proof here. I do not buy cards (blackjack) as apple and apple to sports betting, maybe my stat classes failed me. Best of luck to you and your conversations here.
HT - I will chime in with a play every now and then if I feel it is merited in the discussion, but it's enough of a hassle just entering all my plays in my record-keeping spreadsheet every day and tallying up the results (I'm consistently 2-3 days behind). Who wants to do this and then go and post them all on a forum? Then you have to deal with people accusing you of lying with lines, getting flamed for an 1-4 day, etc.
While I'm here:
If you can find Boston/LA under 10 at -120 or so, I think you'll be happy with your position at close. My model loves it (among strongest total plays of the year) and the market seems to be agreeing.
Completely valid points, Tim. I can't say that I blame you for keeping things close to the vest, anyway, since you are working off a model and not, strictly speaking, handicapping the games. I believe you are on the right track, although I can see a bit of the argument on the other side.HT - I will chime in with a play every now and then if I feel it is merited in the discussion, but it's enough of a hassle just entering all my plays in my record-keeping spreadsheet every day and tallying up the results (I'm consistently 2-3 days behind). Who wants to do this and then go and post them all on a forum? Then you have to deal with people accusing you of lying with lines, getting flamed for an 1-4 day, etc.
Completely valid points, Tim. I can't say that I blame you for keeping things close to the vest, anyway, since you are working off a model and not, strictly speaking, handicapping the games. I believe you are on the right track, although I can see a bit of the argument on the other side.
Not trying to straddle the fence, what I'm saying is that I think your statistical models CAN produce consistent winners, but once the computer 'has its mind made up' I don't believe the line movement afterwards dictates whether you are going to do well. Hope that made sense. :+clueless
If beating the closing # is not a long term winning proposition, then why do books slash limits/boot players that consistenly beat the closer?
Definitely makes sense, Munson. The model gives you a number to work off of, but you obviously have to decide whether or not to bet it based on the information that is out there. If I (my blackbox) likes an under 8.5 but the wind is blowing 30 MPH out to left (or is forecasted to be like that), I'm not going to bet it. Same type of thing for a handful of umpires. As I believe I've said previously, I bet the unpainted openers, so market handicapping doesn't really play much of a factor in how I wager.
I'm addressing a point Bill made here - I tend to agree that some of the small moves throughout the day may just be opinions of different guys betting the limit, but I do believe that it moves in the correct direction from the OL to CL more often than not. This is the point that the data confirms. If the Yankees open -150 and close at -185, it is probably the right side.
If one of the big books like Cris, Olympic, Pinny puts up an opening # and it gets hit by a bunch of sharps for the limit (albeit opening limit) at say a rate of 5 to 1, you have to believe that is a market correction. Same thing when the lineups are released. If the lineups come out and you see a line move 15 cents, I believe that is the right move way more often than not.
But just because Pinnacle has a no-vig line of +/- 175 five hours before the first pitch, and I can get -173 at another shop, that's not an auto bet for me. For OSU and others, it probably would be.
I'm a statistical handicapper first, but I would prefer that the market would agree with me 60-70% of the time. I think that is the mark of a valid model.
WildBill, really good points in that second paragraph that I don't really dispute. Those two things you mention (NBA teams needing rest and teams on a hot streak) are both quantifiable. In fact, Munson and I had a good discussion on NBA players' rest, back to backs, etc. earlier this winter with regard to the NBA. You just need to have the right tools, and very few of us do.
P.S. Munson, I'll get you that MLB totals data later. I just got done with exams...time to have a little fun :+excited-
A lot of what I am doing these days is sort of what you mention when a no-vig line at Pinny suggest value at Matchbook. Matchbook has made this a very good volume line of betting. As long as one accepts the lower ROI nature of this and keeps a large bankroll as a result I think it works better than finding the few and far between true scalps out there.
when the family went to las vegas last year we stayed at excalibur,and in the sportsbook it had wrightings on a ticker on the left side of the big screen tv that it was forbiden to use a computer.i cant live without my computer,and i found out that they charged for internet usage.when i gamble on sports i feel like it helps by listening to sports x radio on the lv noise internet radio,and morency sports.iam hoping to stay at the mgm this year.two things i hated about the excalibur was the fact it wasnt handicap friendly.my dad suffers from congestive heart failure,poor circulation of his legs,and shortness of breath.i had to push my dad around and i had wrecked my back in 2006,and tore my acl in 2008.this will be the last time my family will ever stay there again,but besides that we had a damn fun time.i hope we can go back in september this year.i want a condo so we can go anytime we want to.:cheersAt the M during the daytime there are always a number of guys with them up and running, many with Don Best or G&J. On one side of the book they have power outlets, on the other they don't. So there are even "premium" seats to have there. Weird place, its like a convention of pros and wannabe pros everyday. Some of the guys with laptops seem to be guarding their secrets with their lives, if you walk near them they suddenly start hunching over them. Others when you ask a question to someone else will try to join in and even show you stuff they have worked up in some spreadsheet on their laptops.
In general I don't think books even care anymore if you have them. You see them in just about every book during the day. Wireless reception is hit or miss. You can get Clear wireless in Las Vegas and have a 4G connection in most areas on a laptop, but there are dead spots all over including my Vegas house :doh1
i hope you and your wife win a boat full of money,and i hpoe you and your wife have fun and also have a:cheers:cheers safe trip.GREAT idea!
when the family went to las vegas last year we stayed at excalibur,and in the sportsbook it had wrightings on a ticker on the left side of the big screen tv that it was forbiden to use a computer.i cant live without my computer,and i found out that they charged for internet usage.when i gamble on sports i feel like it helps by listening to sports x radio on the lv noise internet radio,and morency sports.iam hoping to stay at the mgm this year.two things i hated about the excalibur was the fact it wasnt handicap friendly.my dad suffers from congestive heart failure,poor circulation of his legs,and shortness of breath.i had to push my dad around and i had wrecked my back in 2006,and tore my acl in 2008.this will be the last time my family will ever stay there again,but besides that we had a damn fun time.i hope we can go back in september this year.i want a condo so we can go anytime we want to.:cheers
I thought today was the Pool Day. Was hoping for some pics.:+excited-
OSU rarely disappoints, and it's only 8:30 am in Vegas, so there is still hope!:thumbsupLOL...I think we were hoping for the same thing.:cheers