> -200 fav PL findings

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  • hubbard689
    SBR Wise Guy
    • 10-28-12
    • 583

    #1
    > -200 fav PL findings
    According to covers, PL favs (-1.5) are hitting just 36.71% on the season. But just backtracked to Oct. 1st and ML favs of -200 or more are 3-4 on the PL. Assuming average PL odds of +145ish for > -200 favs, on the season if you bet all 7 you'd be up ~3.3 units. Thinking about making this an auto-play or possibly figuring out some sort of chase for it.

    Anyone have any other stats on this?

  • hubbard689
    SBR Wise Guy
    • 10-28-12
    • 583

    #2
    Another tidbit, ML favs of > -180 are 6-8 since the start of the season. Not sure what a good average PL odds on those to use would be but pretty sure that would be profitable on the season as well.
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    • hubbard689
      SBR Wise Guy
      • 10-28-12
      • 583

      #3
      Just did some extremely quick math but if the average PL odds on a > -180 ML fav was +170 I think you'd be up ~8 units on the season auto-playing any > -180 fav on the PL. Very interesting
      Comment
      • hubbard689
        SBR Wise Guy
        • 10-28-12
        • 583

        #4
        Someone must have some thoughts on this! First trial tonight with Pens -1.5 +126 (was +138 last night)
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        • AceKingHigh
          SBR MVP
          • 10-23-09
          • 3888

          #5
          Good luck! keep posting about it. let us know how it goes
          Comment
          • hubbard689
            SBR Wise Guy
            • 10-28-12
            • 583

            #6
            Play #2, tomorrow: ANA -1.5, +165

            Thinking I will make this into a chase on every single play. So will be looking to make a profit off of the PL of every ML fav of >-180. The good thing is it won't be straight martingaling, as the odds will typically be between +140 and +180.

            So all 'game 1s' will be risking 1 unit. In the event of a loss a PL the next day will be used for a game 1 as well as the game 2 from the loss, I guess which game for the game 2 will just be up to me. But 2 units won't have to be risked on the game 2, it will typically be in the range of 1.3-1.5 units on game 2s, 2 units for game 3s, etc.

            Any input is appreciated as I'd like to make this system better!
            Comment
            • hubbard689
              SBR Wise Guy
              • 10-28-12
              • 583

              #7
              Whoa whoa hold the presses everyone. Lines must have changed since last night as NYI -1.5 are now a play and although COL are only -175 ML favs they are also a PL play. So recap plays so far:

              Play 1: PIT -1.5
              2: NYI -1.5
              3: COL -1.5
              4: ANA -1.5 (tomorrow)
              Comment
              • PStrangers
                SBR High Roller
                • 06-28-11
                • 239

                #8
                If the -1.5 PL is hitting 36.7%, then you have to bet PL's that are +172 to break even. The the PL for Pens today is +120. Not saying that there isn't value at +120, or that it isn't a good bet, just saying that "blindly betting" them might not lead to a profitable system.

                If PL's are cashing at a blind rate better than odds required to make money, the books will eventually adjust the PL odds so it will be unprofitable.

                Football teasers used to be 7 points and +100 odds, now they are 6 point -110 odds... why? b/c the books lost too much money on them. They aren't in the business of losing money.
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                • mnwild11
                  SBR Wise Guy
                  • 10-07-12
                  • 701

                  #9
                  pens PL now at even, thats gotta be a first
                  Comment
                  • hubbard689
                    SBR Wise Guy
                    • 10-28-12
                    • 583

                    #10
                    Thanks for your input PStrangers. I understand all of that, and although I'm going on an EXTREMELY small sample size, I decided to only bet the PL on teams who are quite a large ML favorite, and over this sample size they're cashing at 42.8% (since the start of the season). Obviously PL favs overall are cashing at a rate much lower than that due to the -105, -120, etc. ML favs not having as good of a chance at winning by 2 goals.

                    So I'll see how this goes for a little bit!
                    Comment
                    • hubbard689
                      SBR Wise Guy
                      • 10-28-12
                      • 583

                      #11
                      Well rough start last night, got a game 1 on ANA -1.5 tonight and a game 2 on em too to cover one of the losses from last night. Good luck!
                      Comment
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