I am running an chasing experiment. I will be paper trading. Since I am not using real money I am going to chase until I win, and then see if it was worth it afterward. I have back tested the last 5 years and the deepest I had to go was 7 tiers.
I will pick a Sunday 1:00 pm game, the Sunday 8:00 pm game, and the Monday night game. (If more then one like this week I will just pick one).
According to the sharps chasing systems do not work. It is statistically impossible. In a game where the results are purely random I would agree. However, the point spreads control the odds, and public opinion controls the point spreads. This would make the odds cyclical, not random. The more the public leans one way, the more the spread is affected until the trend breaks, thus reveresing. I call this the Pendulum Cycle because it oscillates from favorite to underdog and back like a pendulum. I haven't figured out how to turn this into a forecasting tool yet, but that is why I am doing these experiments.
Until I can produce results to the contrary, I must maintain the sharp bettors are correct. Even if I can get this to work it is far more risky then keeping your betting average above 52.4%. I explore this because I doubt my abilities to maintain such an average, and chasing can produce a profit with less then 50% as long as a losing streak does not wipe you out.
I have joined the Beat the Prick competition as well. I'm not in it because I think I am going to win. I joined because I have never tried the sharp approach before. I simply want to see how well I can do. If I can produce an average above 55% I'll be very happy.
Here are is how this chase will work. I will allow myself the freedom to choose the first game out of any of the 1:00 games. The 8:00pm game and the Monday night game will be the favorite. The thinking is that these are high profile games and the percentage between favorites and dogs winning should remain close to 50%. If there are no large losing streaks the ROI at the end of the season should be good. If I have to go deeper then 7 tiers it will not be so good.
I am compensating the 11/10 odds. $25 is one unit. I must risk $27.50 to win $25, $55 to win $50, $110 to win $100, etc.
My week one picks:
Sun 1 pm - NE @ TEN NE -5 $27.50 to win $25
Sun 8 pm - PIT @ DEN DEN -1.5
Mon - CIN @ BAL BAL -6
Let's see what happens
I will pick a Sunday 1:00 pm game, the Sunday 8:00 pm game, and the Monday night game. (If more then one like this week I will just pick one).
According to the sharps chasing systems do not work. It is statistically impossible. In a game where the results are purely random I would agree. However, the point spreads control the odds, and public opinion controls the point spreads. This would make the odds cyclical, not random. The more the public leans one way, the more the spread is affected until the trend breaks, thus reveresing. I call this the Pendulum Cycle because it oscillates from favorite to underdog and back like a pendulum. I haven't figured out how to turn this into a forecasting tool yet, but that is why I am doing these experiments.
Until I can produce results to the contrary, I must maintain the sharp bettors are correct. Even if I can get this to work it is far more risky then keeping your betting average above 52.4%. I explore this because I doubt my abilities to maintain such an average, and chasing can produce a profit with less then 50% as long as a losing streak does not wipe you out.
I have joined the Beat the Prick competition as well. I'm not in it because I think I am going to win. I joined because I have never tried the sharp approach before. I simply want to see how well I can do. If I can produce an average above 55% I'll be very happy.
Here are is how this chase will work. I will allow myself the freedom to choose the first game out of any of the 1:00 games. The 8:00pm game and the Monday night game will be the favorite. The thinking is that these are high profile games and the percentage between favorites and dogs winning should remain close to 50%. If there are no large losing streaks the ROI at the end of the season should be good. If I have to go deeper then 7 tiers it will not be so good.
I am compensating the 11/10 odds. $25 is one unit. I must risk $27.50 to win $25, $55 to win $50, $110 to win $100, etc.
My week one picks:
Sun 1 pm - NE @ TEN NE -5 $27.50 to win $25
Sun 8 pm - PIT @ DEN DEN -1.5
Mon - CIN @ BAL BAL -6
Let's see what happens