Betting Website Idea?

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  • fifawcs
    SBR MVP
    • 05-14-07
    • 2888

    #1
    Betting Website Idea?
    Why doesn't somebody create a website that, using statistics, can determine when is the best time to get a certain line? It can be a free service that makes ad revenue. Any takers?
  • FreeFall
    SBR MVP
    • 02-20-08
    • 3365

    #2
    how?
    Comment
    • fifawcs
      SBR MVP
      • 05-14-07
      • 2888

      #3
      It would work the same way as farecast but for betting. http://farecast.live.com
      Comment
      • FreeFall
        SBR MVP
        • 02-20-08
        • 3365

        #4
        so http://www.sbrodds.com/ ?
        Comment
        • fifawcs
          SBR MVP
          • 05-14-07
          • 2888

          #5
          They don't tell you the right time to get the line.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            lol
            Comment
            • rake922
              SBR Posting Legend
              • 12-23-07
              • 11692

              #7
              how could you know the right time to pound a line? Lets say a line is -160 for the Indians... How would this website know that when it hits -157, that's the ultimate time to take Indians?

              How would the site be able to know the line would never go to -155
              Comment
              • MrX
                SBR MVP
                • 01-10-06
                • 1540

                #8
                If it were popular enough, it would be self-fulfilling.

                Seriously, though, anyone able to predict line movement that well probably doesn't need revenue from a website.
                Comment
                • fifawcs
                  SBR MVP
                  • 05-14-07
                  • 2888

                  #9
                  Originally posted by MrX
                  If it were popular enough, it would be self-fulfilling.

                  Seriously, though, anyone able to predict line movement that well probably doesn't need revenue from a website.
                  Not true. All that matters is whether the bet actually cashes. And it would use supply and demand. So they would have to obtain a list of all the people on one side as opposed to the other. I guess if there were increasing number of people betting on the indians -160, it would tell you to get it if that's the bet you wanted to take. If you wanted the opposing side, they would advise you to wait since the line would get better.

                  It's an idea in the rough. I myself don't 100% understand the logistics of getting the best line.
                  Comment
                  • Shark79
                    SBR Posting Legend
                    • 11-19-07
                    • 11211

                    #10
                    Originally posted by fifawcs
                    Not true. All that matters is whether the bet actually cashes. And it would use supply and demand. So they would have to obtain a list of all the people on one side as opposed to the other. I guess if there were increasing number of people betting on the indians -160, it would tell you to get it if that's the bet you wanted to take. If you wanted the opposing side, they would advise you to wait since the line would get better.

                    It's an idea in the rough. I myself don't 100% understand the logistics of getting the best line.
                    Def would need an insider on main books to have an idea.
                    Comment
                    • fifawcs
                      SBR MVP
                      • 05-14-07
                      • 2888

                      #11
                      So you would need to know the linesmakers?
                      Comment
                      • chandler1981
                        SBR Sharp
                        • 11-18-07
                        • 422

                        #12
                        I don't understand how anybody would know the best time to get a bet in. Even when you think you are gettting the best number, that isn't always the case.

                        Would you base your theory on a computer program of spread statistics of just general knowledge from certain ppl. Either way, ppl and computers aren't always accurate. Good idea, but I just don't see how this is possible IMO.
                        Comment
                        • sickler
                          SBR Posting Legend
                          • 06-05-08
                          • 15006

                          #13
                          ...or to know Dr Bob's plays before he releases them. See the linemoves that cocksucker caused?
                          Comment
                          • ChuteBoxe
                            SBR Hall of Famer
                            • 11-21-07
                            • 6885

                            #14
                            Originally posted by Shark79
                            Def would need an insider on main books to have an idea.
                            In other words...Give me a cut, and maybe I can help you out.
                            Comment
                            • FreeFall
                              SBR MVP
                              • 02-20-08
                              • 3365

                              #15
                              your basically saying you can predict the unpredictable. Without insider information on every line and the thought going in everyones head of whose gonna bet what when you can't even begin to pretend you can predict this.
                              Comment
                              • fifawcs
                                SBR MVP
                                • 05-14-07
                                • 2888

                                #16
                                I'm not saying that it will be able to predict it without flaws. It will be like farecast. They will give you the probability of a line move in a certain direction. So if you wanted to know whether or not to bet the Indians -160, they could tell you the chances that the line would get worse/better. I was wondering if any of you knew how to translate the chances into actual probabilities.
                                Comment
                                • Shark79
                                  SBR Posting Legend
                                  • 11-19-07
                                  • 11211

                                  #17
                                  Originally posted by ChuteBoxe
                                  In other words...Give me a cut, and maybe I can help you out.
                                  Busted!!
                                  Comment
                                  • Shark79
                                    SBR Posting Legend
                                    • 11-19-07
                                    • 11211

                                    #18
                                    Originally posted by fifawcs
                                    So you would need to know the linesmakers?
                                    There the ones that know when and why move lines ... u must know them in order to know when it would be best to notify a good line.
                                    Comment
                                    • dwaechte
                                      SBR Hall of Famer
                                      • 08-27-07
                                      • 5481

                                      #19
                                      Getting the best line is really the only part of capping. Yes, the bet has to cash, but if you're getting the best line every time you will absolutely rake in the long term. In the words of DJ, "There is no right side, only a right price".
                                      Comment
                                      • Shark79
                                        SBR Posting Legend
                                        • 11-19-07
                                        • 11211

                                        #20
                                        it could also have all top books and highlight which has the best price on the fav and underdog.
                                        Comment
                                        • rjt721
                                          SBR Hall of Famer
                                          • 02-06-07
                                          • 7929

                                          #21
                                          Originally posted by jjgold
                                          lol
                                          My thoughts exactly.
                                          Comment
                                          • increasedodds
                                            SBR Wise Guy
                                            • 01-20-06
                                            • 819

                                            #22
                                            Pinnacle already does this for you. Not as wel as it once did, but far better than any new site is going t do...

                                            One way you could potetially do better would be to take all of the books that shade lines (Pinny, Matchbook, etc) and have a site crunch them together to tell you where it is moving, but Pinny is really good enough alone
                                            Comment
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