So I have been tracking my tennis handicapping (from my blog if interested) and am now interested in calculating my edge, or lack thereof. I know how to and have calculated implied probability from all the lines I bet. Unfortunately, I haven't tracked both sides of the lines I have been betting so will have to go back and get those numbers if I need to calculate vig-free implied probability.
Now, I have all the percentages and actual outcomes but I don't know how to get to my edge from there because the lines are all over the board (about +300 to -300). Should I group them, is there some stats concept that will help me compare them all?
I know this isn't correct but the average odds bet over 138 plays is 1.929 or -107.64 and I am winning at a 54% rate.
Someone please hold my hand, point me in the right direct or help. Thanks.
Now, I have all the percentages and actual outcomes but I don't know how to get to my edge from there because the lines are all over the board (about +300 to -300). Should I group them, is there some stats concept that will help me compare them all?
I know this isn't correct but the average odds bet over 138 plays is 1.929 or -107.64 and I am winning at a 54% rate.
Someone please hold my hand, point me in the right direct or help. Thanks.