Quote Originally Posted by bristolbob:
Indigo, I have a question about your process (if I may ask) On the opening post or two of this thread you delve into some systems that over a period of time have hit around 70%. Great stuff. System players will tell you there are a ton of systems on Chicago and Miami (among others) but my question is this - why would you get scared off of (example: Chicago) just because of 'bet percentages' Aren't you automatically assuming 'the majority of bets=losing bet' when in reality it probably is a 50-50 proposition. I just found it to be an odd 'filter'. Love your stuff by the way. Just think the 70% trend is stronger than any 'public betting percentages'
Thanks for stopping by,...excellent question,....as with any betting type question, there are nuances and we learn from experience. Also, our perceptions are not always reality.....and the sooner we can realize what our deficiencies are the better.
I've used betting percentages in the past, mainly as a filter for my my side angles (not totals, which I have not researched) in college football that I divine from using killersports.....which if you have that type of mind, I highly recommend. I found that when incorporating that filter of not allowing publicly bet teams to be bet, it improved my results, about 5-10%, which is not insignificant.
In baseball this year, I used betting percentages exclusively for the middle part of the season on underdogs, successfully, so it solidified my thinking that it could be used as a standalone strategy.
I mentioned earlier in this thread that 4% of bettors win over extended periods of time....and my thinking is "do I want to be on the side that 96% of those people lose?.....or do I want to be opposite of them?" And this is a point to be made when I say to myself "is that thinking sound?"....."you really don't know because you haven't researched it enough, have you?"
I have not yet done a season full of data, where I input the indicated plays, and then to see how the publicly bet teams did against the spread and those that were out of favor with the public did on those games where there is some good high percentage angles.....that will happen this season in both pro and college football.
I will say this....last weekend was the first time I actually sat and did the data on a weekend of college football publicly bet underdogs....using visn's data they went 1-11 ATS, and using covers' King of Covers contest data they went 2-7 ATS, which obviously it would be very, very rare that a handicapper would beat that kind of percentage with their own handicapping versus fading the public. Perhaps blindly fading the public is a more efficient way of beating the books than my own processes....that I want to find out this year.
Is the public going to be THAT terrible after going a combined 3-18 ATS going forward? (I am sure there was an overlap of betting public bet games from visn and covers, but I am too lazy to go back and find out)....doubtful....but if 4% of bettors win, and sportsbooks live in billion dollar casinos, and I am not living in a billion dollar mansion with the betting processes I am using, why would we not at least consider figuring out how to benefit by the poor prognostication skills in general of our sports betting marketplace?