Showing posts with label moneyline. Show all posts
Showing posts with label moneyline. Show all posts

Wednesday, September 23, 2009

Week 02: I Couldn't Help Myself

I ended up betting on a few moneylines to test out the system. So far? Not so stellar, but could be worse. Here are the results:

Rank Pick Vs ML Bet % Bet Amt W/L Payout
1 TB @ BUF +170 35% $8.49 L $0.00
2 CLE @ DEN +160 27% $7.69 L $0.00
3 NYG @ DAL +130 20% $7.00 W $16.11
4 STL @ WAS +400 18% $6.82 L $0.00
5 DET v. MIN +400

L
6 MIA v. IND +155

L
7 NYJ v. NE +165

W
8 HOU @ TEN +240

W
9 ARI @ JAC +145

W
10 BAL @ SD +135

W
11 OAK @ KC +140

W
12 CIN @ GB +360

W
13 PIT @ CHI -145

L
14 CAR @ ATL +220

L
15















Totals: Bets: $30.00 Payout: $16.11

Week Return: -46.31%

Ouch. But it's experimental, not sure why I keep at the Moneylines. I've done iteration after iteration, and it doesn't work. Is the Moneyline the bet the house always wins?? Is it the slot machine of NFL betting?

Look out for Rankings, this week's bets, et al to come.

Bonus feature: I created a Monte Carlo simulator to simulate games 1,000 times. Not betting it, but back tests are promising. Very promising.

Friday, September 18, 2009

Week 02: Betting the Moneyline

I'm working on new moneyline strategies that focus on high risk/high reward betting. Unclear whether I will use it, as I've had mixed backtesting. Excellent results in 2007, terrible results in 2008. Still tweaking. Here's what I'm showing this week, may make these bets and see how they play:

Rank Pick Vs ML Bet %
1 TB @ BUF +190 36%
2 CLE @ DEN +160 26%
3 NYG @ DAL +130 20%
4 STL @ WAS +400 18%

Notice it's all the dogs, so major major risk betting. But mostly low yield dogs - love the NYG pick, and the box is taking TB both on the ML and the spread. STL is terrible, I can't quite figure why the box finds it so sexy.

Hopefully the wrinkles are ironed by next week and betting can begin in earnest. I'm moist with anticipation (is it wrong to say moist? Definitely).

Thursday, December 27, 2007

Week 17 - Moneyline Seems to Be Money

I bet some uncharacteristic moneyline bets last week - only teams that paid out positive dollars. Did it work? Well, my $5 bet on Chicago to upset Green Bay paid me a solid $15 or so, negating any other moneyline losses I took. Worth it?

I'm not sure.

This week, the picks are in, and I may do some of the same maneuvering:

THE PICKS
* considers lay in pick order
1. CHI +130 v. NO @Home
2. TB +145 v. CAR @Home
3. SEA +145 v. ATL Away
4. CIN -145 v. MIA @Home
5. IND +280 v. TEN @Home
6. DEN +190 v. MIN @Home
7. PIT -200 v. BAL @Home
8. GB -210 v. DET Away
9. JAC +280 v. HOU Away
10. NYJ -270 v. KC Away
11. SD -370 v. OAK @Home
12. PHI -340 v. BUF Away
13. DAL +430 v. WAS Away
14. ARI -260 v. STL Away

My top 3 picks are all in the money picks. I like betting the upset, but this week is pretty unpredictable. I'm not sure what I'm doing yet, but I do know I'm not risking big dollars in the last week - I'll try to keep it a respectable showing and not lose big on a choppy week 17.

Thursday, December 13, 2007

Week 15 - The "Who Cares" Moneyline Best Bets

Just FYI, here are the top moneyline picks this week. Not that I'll bet them, but here they are:

THE PICKS
* considers lay in pick order
1. NO -190 v. ARI Away
2. TEN -200 v. KC @Home
3. JAC +190 v. PIT Away
4. CLE -245 v. BUF Away
5. BAL -180 v. MIA @Home
6. NYG -210 v. WAS Away
7. MIN -550 v. CHI Away
8. GB -460 v. STL @Home
9. SEA -330 v. CAR @Home
10. SD -460 v. DET Away
11. CIN -400 v. SF @Home
12. DAL -500 v. PHI Away
13. IND -600 v. OAK @Home

Great chance to make some bucks on the Jacksonville game - the Box predicts the rare underdog win. Almost double your money!

Saturday, November 10, 2007

Week 10 - Capper's Final Picks

Despite my misgivings about this week, and the fact that Cin +4.5 moved to +3.5 when I wasn't looking, I pretty much stayed with the same parlays, and yes, once again i broke my picks up into those based on my insane cappings, and those based on the box. I left the G-SPAM alone, as it seems to have quirks:

[cin +3.5 -- cle +10 -- det +1.5] --> Box Picks

[buf -2.5 -- ind -3.5 -- det +1.5] --> Capper Picks

[ind +2.5 -- ten +1.5 -- gb 0] --> 6-point teaser

[buf -145 -- ind -190 -- was -145 -- gb -260] --> Capper ML parlay

So a couple teams show up twice, and could really screw me up. Cheer, cheer for detroit, buffalo, and indy!

Good luck!

Friday, November 9, 2007

Week 10 - Are the Moneylines "The Money"?

Does anyone say "The Money" anymore? Probably not.

Anyways, since the spreads are so bastard-like this week, it may be time to return to the moneylines and pick some winners. The goal is to find several games where the confidence in the winner is high, but the lay is low(er)..

JAX at TN 175/-210
DEN at KC 155/-175
BUF at MIA -145/125
CLE at PIT 400/-500
STL at NO 450/-600
ATL at CAR 175/-210
PHI at WAS 125/-145
MIN at GB 220/-260
CIN at BAL 175/-210
CHI at OAK -200/170
DAL at NYG (EVEN) off
DET at ARI off
IND at SD -190/165
SF at SEA 450/-600

I like these six for parlays....
1. Buf -145 vs Mia
2. Was -145 vs Phi
3. Ind -190 vs SD
4. Ten -210 vs JAX
5. Car -210 vs Atl
6. GB -260 vx Min

...and am considering a couple underdogs straight-up:
7. Cle +400 vs Pit
8. Cin +175 vs Bal

Friday, November 2, 2007

Week 9 - Box's Final Bets

And it's final - I had some fun with a teaser this week, I bet all the spread games the Box indicated were "on the edge". For instance, the box picked MIN +7 (which is just one touchdown), so the teaser upped it to +13 giving me a better chance of hitting that pick. Next week, I may do a Top 5 Teaser, picking the top 5 spread picks and giving myself an edge in each. Here are the bets:

Bets for Week 9
Spread: TEN -4 (-110) v. CAR - $5.30 to win $4.82
Spread: MIN +7 (-110) v. SD - $5.07 to win $4.61
Spread: CLE -1 (-115) v. SEA - $5.38 to win $4.68
Spread: DEN +3 (-120) v. DET - $5.25 to win $4.38
Moneyline: TEN (-220) v. CAR - $5.00 to win $2.27
Parlay: TEN -4 (-110) v. CAR, TB -3.5 (-110) v. ARI, ATL -3.5 (-110) v. SF - $5.00 to win $30.00
Parlay: HOU +9 (-120) v. OAK, BAL +15 (-105) v. PIT, JAC +9 (100) v. NO, PHI +9 (105) v. DAL, MIN +13 (-105) v. SD, DEN +9 (-120) v. DET - $5.00 to win $30.00

Bet Totals: $36.00
Potential Winnings: $80.76

Monday, October 29, 2007

Week 8 - Capper's Bet Results - All Hail GB

Keeping in stride with my Mad Capper avatar, I made the crazy decision to place a last minute bet on GB:

GB +2 at Den; and
GB +130 at Den

GBs overtime victory won both the moneyline bet and the spread bet, netting me some cash. Now I need to decide if I stick with my all-in philosophy of the last couple weeks or spread it out a little.

Week 8 - Box's Postgame - Discretion Is a Box's Best Friend

Sweeeet. The parlays saved my ass, really.

I think the best way the box will work is to bet it's top 3 spreads
each
week, it's top moneyline (taking into account the lay - it gives me the

highest conviction pick with the highest payout), and then one or two
"discretionary" parlays. The 3 team parlay was suggested by the box in

its entirety, and I liked the choices so I went with it. The 5 team
moneyline parlay was purely discretionary inasmuch as I looked over the

box's moneyline picks and chose the ones I liked the most - what I
thought were my "sure things". This way, I get to play a bit, but the
box does the heavy lifting.

Friday, October 26, 2007

Week 8 - Any Last Words?

...as for the TB game, I totally agree with your analysis. JAX will pound the ball. TB has a good D, and they'll be able to stack the box against the one-dimensional offense. I also like that:

1. TB is at home.
2. The point spread on the teaser is TB +2.5, so even if they lose a close game, the bet still wins.
3. I just heard that MJD is hurt and probably won't play.

my other final choices were:

NO (+3.5) vs SF
GB (+9) vs DEN
DET (+11) vs CHI

I liked all those games, including the NO game you are banking on, but I am overly cautious this week since (in theory) i've used up my bankroll. My explanation for not picking the other 3 are that: NO has laid quite a few eggs this year, so that makes me nervous, DEN at home and coming off a big PIT win could suddenly start rolling, DET has multiple personality disorder against a CHI team that seems to have re-discovered itself. I think they're all good bets, but I went with my top 3 - all in, baby.

Your bets:

You've gotten interesting with the moneyline betting, including moneyline parlays. I tried them one week and got totally screwed, so I wrote them off... Have you had some luck with them? The BUF +125 seems like a great pick, I may have to load in an extra $20 to put on that game. Notice I completely shied away from that game on my teaser, going along with my completely paranoid 'trap game' theory.

Why oh why would you bet against New England? Didn't you read the article comparing the Pats to the Cobra Kai Yankees?

What are the payouts on your parlays? You've got a lot of heavily favored teams in there, so it would seem the payouts wouldn't be worth it...

There is indeed a ton of crossover on your parlays. Risky business if you ask me.

Week 8 - The Box Speaks, Commentary on Picks

Ooh, can't say I like the TB pick. It will be a purely defensive game,

and Jax will pound the ground since Gray is starting for Gerrard. I
think Jac will actually win this one. The other two are no brainers in

my opinion - though I would have taken the NYG points down to under -3
(if that's the way the teaser works? Or is it 2 per game?).

My picks went as follows:
I spent $35 of my $80 bankroll, I decided I can't be betting it all
every week since I run the risk of losing everything in one week.

CIN +3.5 v. PIT @Home
NO -2.5 v. SF Away
WAS +16 v. NE Away
Total: $20

BUF -125 v NYJ Away
Total: $5

IND -300 v CAR, TEN -350 v OAK, NO -2.5 v SF
BUF +125 v NYJ, CLE -165 v STL, IND -300 v CAR, TEN -350 v OAK, NO -145
v SF
Total: $10

The parlays were more fun bets, and the 5 team parlay was my picking my

top five favorite Box picks, so it's a combination of gut and stats. A

lot hinges on NO, since they're involved in 3 of my bets (including
both
parlays), but if NO loses all the way around, I can still break even
because I bet decent lays otherwise.

Thursday, October 25, 2007

Week 8 - Box's Final Bets

Week 8 Final Bets per the Box are as follows:

Bets for Week 8
Spread: CIN +3.5 (-105) v. PIT - $6.22 to win $5.92
Spread: NO -2.5 (-120) v. SF - $6.53 to win $5.44
Spread: WAS +16 (-110) v. NE - $7.25 to win $6.59
Moneyline: BUF (125) v. NYJ - $5.00 to win $6.25
Parlay: NO -2.5 (-120) v. SF, TEN (-350) v. OAK, IND (-300) v. CAR - $5.00 to win $10.71
Parlay: NO (-145) v. SF, TEN (-350) v. OAK, IND (-300) v. CAR, CLE (-165) v. STL, BUF (125) v. NYJ - $5.00 to win $47.34

Bet Totals: $35.00
Potential Winnings: $82.25

Friday, October 19, 2007

Week 7 - Box to Try a New Strategy; Win

Ha! I would say the all in strategy could be genius, except that if I
did that on my top picks in the last two weeks, I'd be all broke.

So I went back in the system, and rather than trying to rewrite the
magic, I decided the best thing to do was simplify my betting and
concentrate on which games won BETS rather than PICKS. It seemed like
an oxymoron to me, since if I pick right, I should win the bets, but
turns out I'm picking all the wrong games and all the wrong bets (bad
lays, bad picks, high volatility, and bad parlays).

I've also decided to bet $37.75 (arbitrary number) max or 75.5% of
anything less than $50. So even if my bankroll is $200, I'm only
betting $37.75 until I'm satisfied I can win consistently. Actually,
if
I'm at $200, I'll probably just break even. Sigh.

As for this week's picks, the system took ONE favorite this week. Just

one. So it's another dog day afternoon. Now it's a matter of taking
the cream of the picks. Here's the rotation (asterisks on bets I took):
(Manny up, 2 on, 2 out - sox are killing em 7-1 right now)

They Box Picks (spread):
TEN -1 Away **
BUF 3 Home
MIA 16.5 Home
ATL 9 Away
TB 2.5 Away **
SF 9 Away
ARI 9 Away **
KC 3 Away
NYJ 6 Away
MIN 9.5 Away
STL 8.5 Away
CHI 5 Away
DEN 3.5 Home
JAC 3 Home

Money Line:
TEN
BAL
NE
NO
TB
NYG **
WAS
KC
CIN
DAL
SEA
PHI
PIT
IND

My Parlays:
ARI +9, CHI +5, ATL +9
NYG, TB, NO
ARI +9, NYG, TB, NO

Now, granted there is some duplication in my parlays. But I did a
historical parlay study now, and the payouts have been good - 6
negative
weeks in a 30 week span (so about 80% profitable), and when I win, I
usually win big (a few 200+% weeks in there). But my next step is to
work into the system some sort of algorithm to bet the "underbet" games

- basically avoid marquee matchups and play low volume bets with nicer
payouts and lower volatility. But I have no idea how to do that yet.

My confidence equals zero right now, so we'll see how this turns out.

Wednesday, October 3, 2007

Week 5 - Final Bets

Yesterday I actually typed the following words into Google:

"How to become a bookie"

Now here's some information I found interesting. If you go to ****.com and click on 'trends', it will show you the spreads, lays and what the percentage breakdown of each game's betting is. That is, how many people are betting on ATL to cover +8. As you know, the spread is designed to induce 50% of betters to wager on each side, that way the house takes a consistent paycheck. When one side is being bet on lopsided-like, they adjust the spreads to induce more people to bet the other way. So check this out (your rank in parentheses, lower case where I picked against the box, *asterick when I picked with the box against my gut):


1 GB -3 v. CHI (5) - 92%

2 TB +10 v. IND (4) - 27%

3 ARI -3 @ STL (6) - 93%

4 DET +3.5 @ WAS (2) - 64%

5 SEA +6 @ PIT (8) - 51%

6 dal -10 over buf (9) - 97%

7 nyg -3 over nyj (12) - 93%

8 *NO -3 over CAR (3) - 81%

9 ATL +8 over TEN (1) - 31%

10 *KC +2 over JAX (7) - 52%

11 MIA +5.5 @ HOU (11) - 15%

12 sd over den (13) - 50%

13 ne over cle (10) - 84%

14 *BAL -3 @ SF - 87%

Seeing all those 80%-99% trends kinda freaked me out last night, so I rushed to lock in my parlays before the spreads changed. Actually the NYG v. NYJ game started at -3 and moved to -3.5 already, so that already cost me. If the Giants win by 3 I'm gonna be pissed. Anyway my parlays are locked in:

[GB - TB - ARI]
[GB - DET - SEA]
[TB - DAL - NYG]
[ARI - NO - ATL]
[GB - TB - ARI - SEA - DET - DAL]

On to my moneyline underdog strategy:

Actually the moneylines I listed are the bonus payouts for betting the underdog, so i am really excited:


> 1. TB +10 v. IND (+450) = 4.5-1 payout

> 2. DET +3.5 @ WAS (+165) = 1.65-1 payout

> 3. SEA +6 @ PIT (+200) = 2-1 payout

> 4. *KC +2 over JAX (+115) = 1.15-1 payout

> 5. ATL +8 over TEN (+320) = 3.2-1 payout



These are all underdogs that the box picked to cover the spread. I've
actually locked in all of these bets except ATL vs TEN. I really don't
see atlanta upsetting TEN, so I think i am gonna change it out with SD
over DEN. So far, this game's moneylines have been 'off' though. So
we'll see. I actually feel pretty good that 2 or three will upset,
especially DET and SEA. And I've gotta tell you, the TB vs IND game
has upset written all over it. Indy just lost their 2 main run
defenders: Rob Morris (LB out for the year) and Bob Sanders (S).
Marvin Harrison and Joseph Addai also didn't finish the game last
week. Here comes TB, fired up to play the Champs with a power running
game and a high ranked defense. Garcia's no slouch either. I'm not
saying they should be favored, but I think this is a great upset
opportunity and a huge payout.

TMC

Week 5 - Getting Ridiculous Lays, Final Bets

Sweet, I just finished a cleaner betting "interface". I'll add the
parlay bit again maybe for next week, I'm going to have to take tomorrow
off from the box in order to catch up on the job that actually PAYS me.

The moneylines are RIDICULOUS. IND +450?? You could win $1.11 on a
minimum $5.00 bet?? Why on earth bet the game? The payout on TB should
be -450 to make it worth betting on TB. I have to enter the lay on the
moneylines so I can see potentials, that will have to happen tomorrow.

I've decided this week to go with 2 spread conviction picks, 3 spread
win percentage picks, 1 moneyline conviction pick, 1 moneyline win
percentage pick, and 1 mixed 4 team parlay. Here's what I'm feeling now:

Spread Convictions:
1. ARI -3
2. DEN -1

Spread Win Percentage:
1. ATL +8
2. DET +3.5
3. TB +10

Moneyline Conviction:
1. NE - the lay on this will be stupid, may have to drop to the second
or third level pick

Moneyline Win Percentage:
1. DAL - see above, may have to move down the charts

4 Team Mix Parlay:
ARI (spread) - DEN (spread) - ATL (spread) - DAL (or replacement pick on
moneyline)

That's my current thinking, though I'm undecided about how best to
attack it. Right now, I have to pretend to sleep instead of thinking
about this. I'm totally obsessed. My bets will be in early this week,
probably tomorrow night, because I'll be away this weekend. Still get
email on my blackberry, so I'll be able to watch your progress.

We should honestly start a biz handicapping all day. I could do this
for a living.

MTB

Week 5 - A New Strategy: Bet the Dog?

New Betting Strategy:

This came together when I realized a few things:

-Your single-game bets cover some damage, and can net you a small profit.
-Moneyline underdogs payout more than 1-1.
-I have picked 9 out of 12 underdogs correctly this year (75%).
-A lot of underdogs have been winning this year.

So, In effort to cover my parlays, and still have some decent payoffs, I've decided to bet my top 5 underdogs as single-game bets with the moneyline, along with my usual parlay system, which has paid out the last 2 weeks. I also will not be hedging, i want to avoid betting against myself.

Using my current rankings, my bets would look like this:

Moneyline:

1. TB +10 v. IND
2. DET +3.5 @ WAS
3. SEA +6 @ PIT
4. *KC +2 over JAX
5. ATL +8 over TEN

Since each of these games pays out more than 1-1, in reality I only need to hit 2 of them to push, and if i keep pace this year I would take down 3-4 each week, which would give me a small profit, and some cover for my parlays, which pay out big when they hit. I'm very curious to see when the moneylines come out for this week, and see what the potential winnings would be.

I'm sticking with my 5 parlay system for the other half of my bets.

Thoughts?

TMC

Monday, October 1, 2007

Week 4 - Postgame Analysis

You know, I watched upset after upset go down, and got really frustrated, until i realized I actually did ok. The big loser was the moneyline betting. When the upsets hit, the moneylines just fell apart. Seeing as the payouts on winning the moneylines are so low, i am tempted to scrap the whole thing and stick with the spreads, especially considering that although over the 14 games this weekend I only got 5 right (possibly 6 with NE v CIN tonight), I don't bet all the games, only my top 9, and all 5 (or 6) were in my parlays. The parlay system I use did what it is supposed to, and pulled out one winner, which covered all the other losers, plus netted me a small profit. Pretty good for an off week. Unfortunately I got killed in the moneylines, so netted a 50% loss this week... terrible.

Week 4 comments:

PHI vs NYG - man this was a killer. I got your text about westbrook, but honestly i doubt it would have mattered. 12 sacks? Just plain awful. Taking the season as a whole it looks like the DET game was a fluke last week. I'm very anti Philly right now.

NYJ vs BUF - wtf? I know you had buffalo covering, but i don't get this one. This was my #2 pick this week, and it hit me really hard. Cost me 3 parlays. Lesson learned - my top 3 from now on will include picks that the box and I agree on, with a possibility of one replacement.

BAL vs CLE - again, wtf? again, i know you had cle covering, and yeah, i don't get it. Apparently I need to rethink these two teams the rest of the year. Suddenly CLE is 2-2, and has covered the spread 3 weeks straight. Meanwhile Baltimore is 2-2, and isn't covering spreads. Squeaking past NYJ, ARI, and losing to CLE and CIN is telling me to pick against these guys from now on.

OAK vs MIA - ok, we both picked correctly here, but the idea to hedge and pick MIA in the moneyline was not a good one. Hedging with parlays is a terrible idea, it seems, since you are likely to lose one of the parlays. It's hard enough to pick several teams to win in a group. Of course, if I had hit the middle I would be shouting how great an idea it was....

ARI vs PIT - Arizona is a spread buster. This week the upset PIT, last week they covered vs. BAL, Week 2 they upset SEA, and Week 1 they almost beat SF. I'm upgrading these guys, much like I did with TB this week.

TB vs. CAR - this one worked out great. You and I both liked this game, upgraded them from earlier in the year and now.... crap! Cadillac is out with a knee injury. What to do with them next week?

So I'm not sure if you bet the way you you sent out in your last email, but if you did, it looked like you got beat up trying to hedge those games. You correctly picked OAK, TB, and ARI to cover. Unfortunately they all upset and you would have lost your hedge bet on the moneyline, yielding a negative... Are you going to stick with the hedging?

Final thought... I am so pissed about the moneyline thing I am tempted to throw down $25 on the pats to cover tonight. Then I think... I may have a gambling problem.

TMC

Week 4 - Postgame Analysis, Breaking Even Is for Suckers

Hahaha... you are in the grips of the evil gambling monster I call Gamblore.

I am in total agreement about the moneyline. Maybe in the long run the
hedge scheme would work, especially if I concentrated on figuring the
payout schemes, but in the end, it's just too much work for too little
money. If I picked just the spreads this week, I would have broken
even. Instead, I got fancy, and I lost 15%. If I win both bets tonight
(CIN to cover, NE to win), I'll almost break even. Totally worthless.

Week 4 Box commentary:

The good:
CLE, BUF, ARI, TB, ATL, DET

Un-fucking-believable how right on the box is with these picks. All of
them were home dogs. All of them WON, much less covered. Home dogs
went 6-2 this week on my system, and 7-1 if my system had picked NYG (it
predicted a 3.1 spread, not 3.0, so it BARELY chose PHI). 7 and
freaking 1. If I had bet home dogs down the line, I would be up HUGE
(almost 100%). This is a pattern going back 2 years, too, so I really
like it once the season gets in sway and the pattern re-emerges. In
terms of team by team, I think all the above teams are losers for the
most part. TB is still overrated in my mind, since they lost to a
mediocre SEA, and beat the terrible NO, STL, and CAR, none of whom can
string together a win. Next week they play IND, then we'll see how good
they really are.

BUF and CLE will always hang around - they, like JAC, tend to play up or
down to their competition. BUF will get blown out for most of the year,
and CLE will be just annoying enough to be 8-8 or 7-9 this year. ATL,
ARI, and DET are total wildcards - depending on what kind of pasta they
ate the night before or how much fairy dust they sprinkle on themselves,
they will win or lose like champs or like they've never seen a football.

The bad:
PHI, SD, DEN, MIN

I know Peyton's good, but that was just a terrible performance by DEN.
How do you run for 160 yards in the FIRST HALF and don't score? They
had to settle for FGs twice, and if they could get in the endzone, it's
a different game. Plus, the D just looked tired. With SD, I knew they
were worse this season, but KC??? Both of us didn't like that the box
picked KC to win, despite picking SD on the spread (an oxymoron, but SD
to cover was a "mean regression override" module, it would have picked
KC to cover if it wasn't overridden). But KC? Herm Edwards and Norv
Turner are far and away the worst head coaches in the NFL - I figured
between the two of them on the same field, the better team should win
handily. But that was ugly. MIN has the third worst coach in Bam
Childress, and he was in full form against the Pack. Three times he
punted from GB territory - and it took GB 5 plays to get to where the
ball was originally punted. Not to mention punting on the GB 48 yd line
while LOSING in the 4th quarter by a TD. They are just terrible. I
hope the system never picks MIN again.

PHI killed us both. The box loves PHI, and has for years actually. But
they just look awful. Next week, if the Box wants PHI, I'm personally
calling McNabb and saying, "black QBs are no good", because that's the
only thing that seems to get him charged enough to win.

All in all, I've made the following decisions: NO moneyline bets unless
it's the top percentage pick on good lays (-200 or better). ONE parlay
pick - parlays, unless you're using a system like yours where parlays
are the majority of your bets and you've spread out your chances, lose.
They're just not good bets for the most part, but I like them, so
doing it once a week with my highest percentage possibilities could be
good. Even if my top 3 parlay looks like: BUF +3.5, DAL to win, DET to
win. That would have won me big this week.

Right now, I hate half the NFL almost as much as my fantasy football
peewee team.

My final bets ended up as:

Winners:
OAK +4.5
NE -330
BUF +3.5
GB -130

Losers:
Moneyline Parlay [DET, TB, NE, PIT] (fucking PIT blowing what should
have been an easy win)
Spread Parlay [TB, PHI, MIN]
CIN +7.5
NYJ -190
MIN +2

MTB

Friday, September 28, 2007

Week 4 - Hedging Sounds Like Balls

HEDGING: so basically in order to come up on top you need the favorite to win, but not cover the spread. If they win and cover, your losses probably are cut in half, right? Figure a $10 bet on each... Moneyline bet wins $5, spread loses $10, for a net of -$5.
ok, so here's where i'm thinking it's not such a good idea.... Had you just bet the moneyline, you would have not lost the $10 on the spread, for a net gain of $5. Now assume the opposite happens and the moneyline bet loses, so you win your spread pick. You win maybe $9 on your spread, and lose $10 on the moneyline for a net of -$1. Now assume you actually hit the middle ground and win both for a net of +$14. OK so now let's assume each scenario is equally likely to happen, you're expected winnings are:

1/3(-$-5) + 1/3($-1) + 1/3($14) = +$2.67.... holy shit. it came out positive... ok, surely someone who's been doing this longer than us has figured this out already, right? Are you plugging in the potential losses/winnings into your formula? in theory you could predict your expected winnings assuming that each scenario is just as likely as the others... then again, maybe this is the flaw. Is it really just as likely that you hit the blessed middle ground as it is that the winner cover, losing your spread bid? Consider this... the spread is designed to make it 50-50 chance that the dog will cover. If 1/2 the time they don't cover, that means that in the above scenario the odds of netting -$5 is 1/2, not 1/3, shifting expectations to:

1/2(-$5) + 1/4($-1) + 1/4($14) = -10/4-1/4+14/4 = +$0.75

ok, this is still interesting to me since it stayed positive, but since it is so close to zero, the actual payouts are critical here. I bet it can end up negative with larger lays. Plus there is one last bit of analysis i've left out... If the 'dog does cover half the time, what percentage of those games does the 'dog actually upset the favorite? This would shift expectations again. I would think you could look up this information... either use the historical percentage for head-ups upsets, or take it a step further to weigh that figure based on specific teams playing. This seems like a job for the BOX!

Having said all that... even assuming the above formula holds, a long term return of .75% return is pretty crappy, and to see any payoffs that were exciting (say... winning $50 on a weekend), you're bankroll has to be kinda high. In fact, it would take over $500 in gambling to win $50 in this scenario.

Unless you come up with some unbeatable system, I think the fun factor (i.e. potential big payoff) keeps my interest in the parlays.

-TMC-

Thursday, September 27, 2007

Week 4 - The Averager, a Gambling Superhero?

Ok, so I did something pretty cool I think. I cross averaged the boxes
best winning percentage picks over the last year and a half for the
moneyline and spread. Meaning, I found out I win 90% (that's right,
NINETY) of my 11th ranked spread pick, but I only win 42% of my 11th
ranked moneyline pick - so I've started averaging the two picks to get
the highest percentage combos I can get. This way I either get a decent
hedge in a win/lose scenario, a great week on a win/win, and a tough one
on lose/lose.

So here is my list:

Top 4 Spread/Moneyline Combos (spreads first, then moneylines):

BUF+3.5 (90% pick historically!), NYJ -190
STL+12.5, DAL (which is currently OFF, so I might not be able to bet
this one)
CIN +7, NE -330 (terrible payout on NE win, but it's almost a lock)
ATL +2.5, HOU -150

First impressions: I obviously haven't figured in the lay properly yet,
but it's a start. Plus I like the picks - all but the Atlanta pick, but
frankly, that one's not so bad either. I just no very little about
either teams' playing style. Typically, AFC over NFC (which bears out
in that pick), but home dog on the spread. Either way, I'm fairly hedged.

Top parlay combos:

PHI, MIN, SF (with Plaxico possibly injured, could be a lock on Philly -
this is the 1/2/3 conviction picks)
BUF, ATL, SF (this is the 1/2/3 win percentage picks)

Frankly, I like this new system picks. I avoid the terrible games
(KC/SD weirdness, ARI/PIT weirdness, CLE covering any spread weirdness).

--------------------------------- crappy disclaimer: I just looked up
the spreads, and CAR is -3 rather than OFF. This changed all my picks
and convictions. Here are the NEW picks after entering the spread so
you can see how the Box readjusts.

Top 4 Spread/Moneyline Combos (spreads first, then moneylines):

OAK+4 (90% pick historically!), MIA -230
TB +3, TB (apparently, the Box hearts TB)
STL+12.5, DAL
ARI +6, PIT -260 (damn, I do NOT heart this game)

Top parlay combos:

TB, PHI, MIN (this is the 1/2/3 conviction picks)
OAK, STL, SD (this is the 1/2/3 win percentage picks)

So, all my previous commentary is pointless. The Box switches
conviction as spreads change, it's part of the danger of moving
averages. I actually don't hate these picks, and I liked TB to win
before the spread was announced anyway.

My thought on yours is it's very very favorite heavy on the top
spreads... historically, this does not pan out as the season goes on.
That said, this season has been a favorite heavy season, so who knows.
As to the moneyline, the whole key will be the lay I think. The payout
on NE is 330 wins 100. That's TERRIBLE. Basically, you get 30% return
for your money. So that's the real game - there's no money in easy
favorites. Which means I have to teach the system to base it's
convictions on lays as well - maximum payouts for minimum risk. For
instance, I think PHI is basically a lock this week, and it's paying out
140/100. That's more than DOUBLE the NE payout, and should therefore be
ranked higher. I'll have to program it... so much to do.