Wednesday, December 31, 2008

Sports Betting Experiment Update

Here's the 100 game update for my sports betting experiment.

Overall: 54-49-2 (includes combinations, teasers, moneyline, etc.)
Sides: 41-36-1
Totals: 10-5-0
ML: 0-3-0
2-bet combinations: 3-4-1
Teasers: 0-1-0

Using average bet size as a single unit, we're at +11.2 units, and an ROI of 10.68%. The original bankroll for the experiment has nearly tripled at +177% over 23 days of wagering. But, it was a really small amount to begin with, since I'm not ready to put 'real' money on this sort of thing... yet.

Here's a quick chart to show the progress.

Prior to starting my experiment, I said to myself that if I can get 10% or more ROI after 100 games, I would increase my bet size. So, I think going forward I'll step up my bet sizes by 50%, and go back down if I suffer any serious string of losses.

I guess that's all for now.

Have a Happy New Year's, everyone. And, remember not to get too sloppy tonight. It was a rough 2008, but it's done and over with now. See you all next year.


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