treat these MLB teams like Options

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  • Believe_EMT
    SBR Wise Guy
    • 03-31-19
    • 508

    #1
    treat these MLB teams like Options
    Mil +103
    Tex +143

    i bet to risk on faves (meaning consistent bet amount of 1 unit to win XX on fave)
    bet to win on dogs

    don't go over 1.5% of you BR on any of these

    data set covers 4,295 games

    i only bet at 5Dimes for the morning plays
  • Believe_EMT
    SBR Wise Guy
    • 03-31-19
    • 508

    #2
    as the title suggests, Option out of this unsavory Tex play

    Hou -170

    1.4 units to win .84 units
    Comment
    • Believe_EMT
      SBR Wise Guy
      • 03-31-19
      • 508

      #3
      cin +104
      nym 129
      sd 112
      min 130
      laa +104
      tb 143

      also will never play a morning fave greater than 150
      Comment
      • Believe_EMT
        SBR Wise Guy
        • 03-31-19
        • 508

        #4
        have to take kid to see Us, so you're on your own for the first 3 games, but it looks like TB is good to go.

        cin and nym are near flat so let it ride unless they are 5 cents or more worse than the morning lines
        Comment
        • Believe_EMT
          SBR Wise Guy
          • 03-31-19
          • 508

          #5
          Us was terrible

          sea 118
          1 to win .85
          Comment
          • Believe_EMT
            SBR Wise Guy
            • 03-31-19
            • 508

            #6
            phi 138
            pit 111
            atl 104
            min 142
            bos 140
            tb 136

            you should finally be getting the idea of how powerful this approach is.
            EMT
            CLV
            grind it out

            With Options: .96 Units
            W/O Options: -.99 Units

            lines positive CLV: 88%
            Comment
            • Bdolan33
              SBR MVP
              • 05-02-12
              • 1255

              #7
              Speak English
              Comment
              • Chi_archie
                SBR Aristocracy
                • 07-22-08
                • 63167

                #8
                get it
                Comment
                • jgold254
                  SBR Wise Guy
                  • 02-23-12
                  • 886

                  #9
                  I don’t understand this thread...
                  Comment
                  • Believe_EMT
                    SBR Wise Guy
                    • 03-31-19
                    • 508

                    #10
                    Originally posted by Bdolan33
                    Speak English
                    sorry about that. difficult to distill years of work and knowledge into a single post. most people will reject this, which benefits me in the long run. so if we are going to speak in English, let's establish the foundation of this approach. feel free to question these assumptions so we can debate until you agree:

                    1. The Market is efficient (efficient market theory, EMT, borrowed from investing). Why? Because there is a severe penalty in the sports betting market for being consistently wrong (you go broke).

                    2. Fully mature lines are more efficient that opening lines. Why? Because as events move closer to their start time, more information is known and incorporated into the line.

                    3. Positive Closing Line Value (CLV) is a better indicator of potential long term success than a handicapper/bettors win loss record. Why? If numbers 1 and 2 hold true, successful market participants will be the ones that get the better number the majority of the time.

                    4. Individual bettors are at a severe disadvantage compared to professionals.

                    5. Sports bettors need to look at their bets (sides, totals, whatever) as investments, like stock in Apple. the Market provides us indicators as to our ability to pick a team (stock).

                    i really don't care if my selected team wins or losses. i care if i got the best number.

                    i'll provide the data set to this point covering over 4K games. the numbers are pretty staggering. and this approach will not be for everyone. i don't view this in terms of daily performance. not even weekly or monthly. this requires discipline and trust in the principles set out above.
                    Comment
                    • Believe_EMT
                      SBR Wise Guy
                      • 03-31-19
                      • 508

                      #11
                      Originally posted by Chi_archie
                      get it
                      good to see you still holding things down here sir
                      Comment
                      • Believe_EMT
                        SBR Wise Guy
                        • 03-31-19
                        • 508

                        #12
                        3 early plays pooped the bed

                        should've gone .65 units on all 3 dogs. i failed to post, so it will not be counted.
                        Comment
                        • Believe_EMT
                          SBR Wise Guy
                          • 03-31-19
                          • 508

                          #13
                          stl -105

                          .85 units to win .81
                          Comment
                          • Believe_EMT
                            SBR Wise Guy
                            • 03-31-19
                            • 508

                            #14
                            Cin +112


                            With Options: +1.21 Units
                            W/O Options: -1.71 Units
                            Comment
                            • Believe_EMT
                              SBR Wise Guy
                              • 03-31-19
                              • 508

                              #15
                              prepare to have your mind blown:

                              Option Approach:
                              +CLV 1,082 - 1,059 +79.87 units
                              -CLV 462 - 522 -35.55 units
                              Flat 89 - 97 -12.74 units

                              Total 1,633 - 1,678 +31.58 units

                              No Option Approach:

                              Total 1,633 - 1,678 -29.64 units

                              Clearly supports the assumption above that CLV is a terrific indicator of long term success or failure.
                              Comment
                              • Believe_EMT
                                SBR Wise Guy
                                • 03-31-19
                                • 508

                                #16
                                going to visit bro lo in ICU. money flowing in on Bucs all of the sudden. IF the Reds hit +118 or higher at 7:03 EST, drop 1.05 units on Pit

                                Option out of that Reds play!!
                                Comment
                                • Kenny King
                                  SBR High Roller
                                  • 02-04-16
                                  • 168

                                  #17
                                  This is interesting. Please keep teaching
                                  Comment
                                  • Believe_EMT
                                    SBR Wise Guy
                                    • 03-31-19
                                    • 508

                                    #18
                                    chc +114
                                    cle 148
                                    tex +113
                                    phi 144
                                    ari +113


                                    With Options: +.21 Units
                                    W/O Options: -2.71 Units
                                    Comment
                                    • Believe_EMT
                                      SBR Wise Guy
                                      • 03-31-19
                                      • 508

                                      #19
                                      folks should understand by now.
                                      1. these early morning plays based on moves made by persons smarter than me
                                      2. played at 5Dimes reduced MLB lines
                                      3. optioned out of if line moves 5 cents or more against me

                                      said all of that to say i will be at hospital again this evening. may not be able to post the options prior to game time.

                                      we are going to operate as adults in this thread. think it is safe to say we will be optioning out of the Cle play. if at 7:08 p.m. EST that line has not come back to 139 or better, you will be putting .65 units on the Jays.

                                      2 bad numbers make a good one, right?

                                      Phi might regress back toward the opener and Ari flat for now. pay attention to the market boys and girls
                                      Comment
                                      • Chi_archie
                                        SBR Aristocracy
                                        • 07-22-08
                                        • 63167

                                        #20
                                        nice work Machine Choice
                                        Comment
                                        • Believe_EMT
                                          SBR Wise Guy
                                          • 03-31-19
                                          • 508

                                          #21
                                          wsh 116
                                          sd +110
                                          det 128
                                          cws 102
                                          laa 137


                                          With Options: +.06 Units
                                          W/O Options: -2.25 Units
                                          Comment
                                          • Believe_EMT
                                            SBR Wise Guy
                                            • 03-31-19
                                            • 508

                                            #22
                                            i suspect we will be good on wsh and laa.

                                            the other 3 hovering around Flat and no need to panic

                                            thresholds to option out:

                                            stl 126 (risk 1 unit)
                                            kc +112 (risk .70 unit)
                                            sea 114 (risk .93 unit)
                                            Comment
                                            • Believe_EMT
                                              SBR Wise Guy
                                              • 03-31-19
                                              • 508

                                              #23
                                              cin +122
                                              chc +103
                                              sd +110
                                              lad 142
                                              kc 103

                                              With Options: +.67 Units
                                              W/O Options: -1.73 Units
                                              Comment
                                              • Believe_EMT
                                                SBR Wise Guy
                                                • 03-31-19
                                                • 508

                                                #24
                                                reds play to far gone. better off accepting the short loss than trying to find a middle ground on it.

                                                others look good to flat
                                                Comment
                                                • Believe_EMT
                                                  SBR Wise Guy
                                                  • 03-31-19
                                                  • 508

                                                  #25
                                                  atl +117
                                                  kc +113
                                                  laa 101


                                                  With Options: -2.63 Units
                                                  W/O Options: -5.12 Units
                                                  Comment
                                                  • Believe_EMT
                                                    SBR Wise Guy
                                                    • 03-31-19
                                                    • 508

                                                    #26
                                                    kc +102
                                                    mil 119
                                                    Comment
                                                    • Believe_EMT
                                                      SBR Wise Guy
                                                      • 03-31-19
                                                      • 508

                                                      #27
                                                      det +127
                                                      nyy +107
                                                      ari 136

                                                      nice to see 32 cents in positive CLV across 2 games.

                                                      With Options: -3.47 Units
                                                      W/O Options: -6.14 Units
                                                      Comment
                                                      • Believe_EMT
                                                        SBR Wise Guy
                                                        • 03-31-19
                                                        • 508

                                                        #28
                                                        nym +118
                                                        pit +124
                                                        col 120
                                                        bal +141
                                                        det +111
                                                        kc +129

                                                        argument could be made all value gone from few of those final ones

                                                        With Options: -3.63 Units
                                                        W/O Options: -7.03 Units
                                                        Comment
                                                        • Believe_EMT
                                                          SBR Wise Guy
                                                          • 03-31-19
                                                          • 508

                                                          #29
                                                          if you are playing along at home, time for big boy pants. i will not be updating plays during the day and evening.

                                                          you know the approach by now.

                                                          check game 5 minutes before 1st pitch.

                                                          if line has moved 5 cents or more against your position, option out with a stake on the opposing team.

                                                          the goal here is to:
                                                          1. Get the best number and take advantage of +CLV (long term winning percentage is 50.5%)
                                                          2. Limit our losses when we encounter -CLV (long term winning percentage is 47%)

                                                          although writing that makes me consider lowering the 5 cents thing to anything flat or worse. 4% of the 4,250 games finished flat. rationale being closing line is the most efficient line, i did not get the best number, will be losing proposition long term.

                                                          so as of now, the approach is going to be to option out of any team finishing flat or worse. goal is to minimize loss.

                                                          anyone taking odds on the flat finishers going 30-5 rest of the season?
                                                          Comment
                                                          • Believe_EMT
                                                            SBR Wise Guy
                                                            • 03-31-19
                                                            • 508

                                                            #30
                                                            nym +101
                                                            mil +134
                                                            tor+114
                                                            hou 138

                                                            With Options: -5.93 Units
                                                            W/O Options: -11.78 Units
                                                            Comment
                                                            • Believe_EMT
                                                              SBR Wise Guy
                                                              • 03-31-19
                                                              • 508

                                                              #31
                                                              wsh 117
                                                              sf 127
                                                              tex +102

                                                              With Options: -4.20 Units
                                                              W/O Options: -9.65 Units
                                                              Comment
                                                              • Believe_EMT
                                                                SBR Wise Guy
                                                                • 03-31-19
                                                                • 508

                                                                #32
                                                                the pic failed, that would have been so much faster

                                                                cin +108
                                                                ari 133
                                                                lad 136
                                                                tb 136
                                                                laa +121

                                                                With Options: -3.20 Units
                                                                W/O Options: -7.95 Units
                                                                Comment
                                                                • Believe_EMT
                                                                  SBR Wise Guy
                                                                  • 03-31-19
                                                                  • 508

                                                                  #33
                                                                  mil 135
                                                                  cin +152
                                                                  cle 114


                                                                  With Options: -1.75 Units
                                                                  W/O Options: -6.75 Units
                                                                  Comment
                                                                  • Believe_EMT
                                                                    SBR Wise Guy
                                                                    • 03-31-19
                                                                    • 508

                                                                    #34
                                                                    mia +128
                                                                    chw 108
                                                                    det +102


                                                                    With Options: -.36 Units
                                                                    W/O Options: -6.16 Units
                                                                    Comment
                                                                    • Believe_EMT
                                                                      SBR Wise Guy
                                                                      • 03-31-19
                                                                      • 508

                                                                      #35
                                                                      nym +103
                                                                      sf +125
                                                                      sea +127
                                                                      oak +103
                                                                      det +106

                                                                      With Options: -1.43 Units
                                                                      W/O Options: -7.31 Units
                                                                      Comment
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