Tuesday, February 03, 2009

End of Sports Betting Experiment

Well, it was fun and somewhat educational while it lasted, but my sports betting experiment is over as of today. The meta-system suffered a bad streak going a miserable 25-39-0. The final tally is that I'm up 0.9 units, and sides/totals won at an unprofitable 51.2%.

Now, I'm confident that the idea of a meta-system that effectively weights 'winning' sports bettors has merit. However, the problem is an obvious one... figuring out which sports bettors are winners is probably just as difficult as handicapping the games.

I will probably give it another go in the future, but for now I'm going to stop, as it started taking up a bit too much of my time. At least I got to make use of the TV a lot more, heh. Another thing is that if I do give it another go, I will probably go tighten up my criteria so as not to put on so many plays each day. I think I was averaging 6 plays a day. Also, it seems that playing only the absolutely best rated plays and flat betting them would have been superior (in hindsight) seeing as there was still a little bit of profit even with only 51.2% win rate.

Anyway, that's all for now.

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