Originally posted by parlayin
I've largely moved away from heavily stats-based capping, instead using a more fundamental approach of line analysis and situational angles. They account for 90%+ of the plays I make, but that being said, you really need to be able to quantify where a fair line lies at any point in the game if you plan on doing live betting frequently. Whatever method you come up with has to be simple, team-specific, and predictive rather than just summarizing what's happened so far in the game. You'll probably find the format at http://popcornmachine.net/ very helpful in doing the conceptual design for how you approach live-betting.