Well, Using this site and excel in under an hour I fould some very interesting things out about baseball. If someone had bet 100$ on games where the following teams were underdogs in 2008: Minnesota, Chicago White sox, tampa bay, Philadelphia, Tama Bay, LA DOD, Washington, Cinci. Houston, Pittsburgh, and Atlanta, they would have gone 365 - 475, Losing 47500(100 a game) Dollars on games lost, but winning 47351 in games won(because you are betting 100 to win more than 100 in some cases 200+), in addition to getting your 36500 that you bet back. So, you win about 43.26 dollars a game on these 10 teams.
What I did:
Used excel and imported data for ten teams into excel. I only did it for ten teams, because I personally must get data for each team, so I may do all 32 a little later. Once In excel, I deleted every variable except win/loss, and money line. I sorted the data so that only +100 and higher money lines were there (IE underdogs). I deleted all lines below +100 (all negative lines). I then sorted those onto two seperate sheets, one for wins and one for losses, and did my calculations.
I don't follow baseball at all, and I have no clue how good any of these teams are this year, but I still feel this is very significant. I may do a team by team analysis before the 2009 baseball season, but overall this seems like a very profitable excercise. IE, betting the money line against percieved good teams at the start of the season seems very profitable, because no one knows whos really good or not.
Again I dont know baseball at all, but there is much more of a sample size than any other sport, therefore I feel it is most profitable.
What I did:
Used excel and imported data for ten teams into excel. I only did it for ten teams, because I personally must get data for each team, so I may do all 32 a little later. Once In excel, I deleted every variable except win/loss, and money line. I sorted the data so that only +100 and higher money lines were there (IE underdogs). I deleted all lines below +100 (all negative lines). I then sorted those onto two seperate sheets, one for wins and one for losses, and did my calculations.
I don't follow baseball at all, and I have no clue how good any of these teams are this year, but I still feel this is very significant. I may do a team by team analysis before the 2009 baseball season, but overall this seems like a very profitable excercise. IE, betting the money line against percieved good teams at the start of the season seems very profitable, because no one knows whos really good or not.
Again I dont know baseball at all, but there is much more of a sample size than any other sport, therefore I feel it is most profitable.