How can Math help in Sports Betting?

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  • bztips
    SBR Sharp
    • 06-03-10
    • 283

    #36
    Originally posted by CrimsonQueen
    Conversely, all the edges in the world won't help you if you don't have proper money management.

    Here's some math:

    You have a lock that will win 99% of the time, so you bet 100% of your bankroll and you lose all your money in the long run anyway.
    Technically true, but not relevant for most bettors. Step #1 is finding an edge, which most of the time may be fairly modest. And I'd guess that most bettors are too conservative, not too aggressive, when it comes to money management (assuming they do in fact have an edge) -- it can hurt them, absolutely, but finding an edge (the horse) has to come before money management (the cart).
    Last edited by bztips; 08-27-10, 02:57 PM.
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    • thebestthereis
      SBR Posting Legend
      • 03-01-09
      • 11459

      #37
      Originally posted by CrimsonQueen
      Conversely, all the edges in the world won't help you if you don't have proper money management.

      Here's some math:

      You have a lock that will win 99% of the time, so you bet 100% of your bankroll and you lose all your money in the long run anyway.
      this and nobody gets it. you need math and the ability to pick winners yes no question about it but if you don't know how to manage your bankroll you will go broke. not gonna argue about math and numbers, but theeeee first thing you need to concentrate on is money and your knowledge of it; before anything else!
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      • Peeig
        SBR Wise Guy
        • 02-06-08
        • 567

        #38
        Originally posted by bztips
        Technically true, but not relevant for most bettors. Step #1 is finding an edge, which most of the time may be fairly modest. And I'd guess that most bettors are too conservative, not too aggressive, when it comes to money management (assuming they do in fact have an edge) -- it can hurt them, absolutely, but finding an edge (the horse) has to come before money management (the cart).
        +1, thank u, i fial at inglish
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        • natasselur
          SBR Rookie
          • 08-28-10
          • 6

          #39
          all the math you need to know is if you can win 55% of the bets you make money
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          • Inspirited
            SBR MVP
            • 06-26-10
            • 1788

            #40
            Really? It depends on what lines your betting on. Win 55% on only -200 lines and you'd be in trouble.
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            • curious
              Restricted User
              • 07-20-07
              • 9093

              #41
              Meth helps in sports betting because it makes your senses more acute, your brain is more aware, you have a lot more self confidence and aggressiveness.
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              • Sawyer
                SBR Hall of Famer
                • 06-01-09
                • 7735

                #42
                Math is everything.
                Comment
                • u21c3f6
                  SBR Wise Guy
                  • 01-17-09
                  • 790

                  #43
                  Originally posted by curious
                  Meth helps in sports betting because it makes your senses more acute, your brain is more aware, you have a lot more self confidence and aggressiveness.


                  Sometimes I think I am the one tripping reading some of these threads and I don't do drugs (no, I really don't!) In fact, given the opportunity many, many years ago, I didn't inhale!

                  Joe.
                  Comment
                  • Jontheman
                    SBR High Roller
                    • 09-09-08
                    • 139

                    #44
                    Originally posted by ssk13809
                    But thanks for the advice everyone. And FYI, I am already very talented with math. But just was looking to see how its directly used in sports betting.

                    So read some books, and search threads started by Ganchrow? Well 1 guy tried that, it didn't work...
                    This bit made me laugh... claiming to be talented at something when you are clearly unable to apply it. Yet another overschooled twerp who can solve a quadratic equation in 0.8 seconds but has no concept of applying theoretical knowledge to the real world. The application bit requires original and creative thought and therefore is much harder for most people. If you can't do it then claiming to be good at maths is like claiming to be a good driver.....compared to all the other blind people.
                    Comment
                    • HoulihansTX
                      BARRELED IN @ SBR!
                      • 02-12-09
                      • 30566

                      #45
                      Originally posted by Peregrine Stoop
                      eventually, he will find the edge of a cliff to jump off of
                      Funny shit
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                      • ringbearer
                        SBR Rookie
                        • 05-27-09
                        • 1

                        #46
                        I laughed out loud IRL. now ppl think I'm crazy


                        Sent from my iPhone.
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                        • phillybadboy
                          SBR Hall of Famer
                          • 12-11-09
                          • 9383

                          #47
                          yes, how else you count all the monies you won
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                          • wade1
                            SBR Sharp
                            • 04-14-11
                            • 379

                            #48
                            Flip a coin, you have a 50% chance of winning. Then use a labby. No kidding it works
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                            • gangeriver
                              SBR MVP
                              • 12-23-09
                              • 2138

                              #49
                              Already oddsmakers use math while making the odds/lines. I think a bettor should use a different thing if he wants to beat they.
                              Comment
                              • That Foreign Guy
                                SBR Sharp
                                • 07-18-10
                                • 432

                                #50
                                Originally posted by gangeriver
                                Already oddsmakers use math while making the odds/lines. I think a bettor should use a different thing if he wants to beat they.
                                Even if there was one thing called "math" this wouldn't be true because the bookie's objective on setting a line may be different from mine when choosing whether to bet or not.
                                Comment
                                • 20Four7
                                  SBR Hall of Famer
                                  • 04-08-07
                                  • 6703

                                  #51
                                  How can you count your winnings without Math?
                                  Comment
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