Positive ROI Bets by ddittie

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  • ddittie
    SBR Wise Guy
    • 09-15-12
    • 819

    #1
    Positive ROI Bets by ddittie
    This is a continuation of my original thread: https://www.sportsbookreview.com/for...all-games.html

    I'm making this new thread so I can utilize it going forward with a more straight forward Title.

    In this thread I will break down NFL wagers that I find to be positive ROI bets. The bet amount of $20 is just an example to make the math easier for people to understand. I'm using this thread to track my wagers. I am currently WAY down, but that's mainly because I often go ALL-IN on a single play, typically against the Dallas Cowboys :P. I happened to get my nuts cracked by them vs Philly, but had I waited a week, I'd be up YUGE.

    GL with your bets, here's my late game pick for today. Merry Christmas!

    **1. Betting on the Ravens O20.5 at -115:**

    - **Probability of Winning** (scoring 21 or more): 11/14 = 78.57%
    - **Number of Bets**: 10

    - **Bet Amount**: $20

    - **Payout per Win**:
    For negative odds of -115, the payout is calculated as $20 / (115/100) = $17.39 per win

    **Wins:**
    - **Expected Wins**: 10 bets * 78.57% = 7.857 wins
    - **Total Win Payout**: 7.857 wins * $17.39 = $136.57

    **Losses:**- **Expected Losses**: 10 bets - 7.857 wins = 2.143 losses
    - **Total Loss Amount**: 2.143 losses * $20 = $42.86

    **Net Gain/Loss:**
    - **Net**: $136.57 (win) - $42.86 (loss) = $93.71
    **ROI:**- **ROI**: $93.71 / ($20 * 10 bets) = 46.855%

    **2. Betting on the Ravens U20.5 at -115:**
    - **Probability of Winning** (scoring under 20.5): 3/14 = 21.43%
    - **Payout per Win**: Same as above, $17.39 per win

    **Wins:**
    - **Expected Wins**: 10 bets * 21.43% = 2.143 wins
    - **Total Win Payout**: 2.143 wins * $17.39 = $37.26

    **Losses:**
    - **Expected Losses**: 10 bets - 2.143 wins = 7.857 losses
    - **Total Loss Amount**: 7.857 losses * $20 = $157.14

    **Net Gain/Loss:**
    - **Net**: $37.26 (win) - $157.14 (loss) = -$119.88
    **ROI:**- **ROI**: -$119.88 / ($20 * 10 bets) = -59.94%

    **Summary:**
    - **Betting on the Ravens O20.5** at -115 results in a positive ROI of approximately 46.855%, reflecting their strong tendency to score over 20.5 points this season.
    - **Betting on the Ravens U20.5** at -115, however, results in a negative ROI of approximately -59.94%, due to their low frequency of scoring under 20.5 points.

    Ravens beat the 49ers 33-19. Easily surpassing the 20.5 point mark!
    This thread starts 1-0! Woot
  • DrunkHorseplayer
    SBR Hall of Famer
    • 05-15-10
    • 7719

    #2
    Niners roll, lay the wood.
    Comment
    • Optional
      Administrator
      • 06-10-10
      • 61569

      #3
      Good luck
      .
      Comment
      • ddittie
        SBR Wise Guy
        • 09-15-12
        • 819

        #4
        49ers can roll and this bet still wins. It's on Ravens pts. I'm expecting this game to go O50 myself. I think Ravens get 24+ pts.

        CORRECT
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 61569

          #5
          Originally posted by ddittie
          49ers can roll and this bet still wins. It's on Ravens pts. I'm expecting this game to go O50 myself. I think Ravens get 24+ pts.
          I have Ravens +7.5 and Ov 49.5. Bought some spread and sold some total. Lets get it.
          .
          Comment
          • ddittie
            SBR Wise Guy
            • 09-15-12
            • 819

            #6
            nice hit sir!
            Comment
            • ddittie
              SBR Wise Guy
              • 09-15-12
              • 819

              #7
              Originally posted by Optional
              I have Ravens +7.5 and Ov 49.5. Bought some spread and sold some total. Lets get it.
              nice hit sir!
              Comment
              • d2bets
                BARRELED IN @ SBR!
                • 08-10-05
                • 39995

                #8
                You think O20.5 had a 78.57% chance of winning? Based on what?
                Comment
                • ddittie
                  SBR Wise Guy
                  • 09-15-12
                  • 819

                  #9
                  Originally posted by d2bets
                  You think O20.5 had a 78.57% chance of winning? Based on what?
                  Prior to the game the Ravens had scored 21 pts or more in 11 out of their 14 games this season. = 78.57%
                  Comment
                  • d2bets
                    BARRELED IN @ SBR!
                    • 08-10-05
                    • 39995

                    #10
                    Originally posted by ddittie
                    Prior to the game the Ravens had scored 21 pts or more in 11 out of their 14 games this season. = 78.57%
                    Uhh yeah, that's not how it works. Don't you think you have to account for the opponent, situation, etc? If a team is 8-0 do they have a 100% chance to win?

                    You may have had a positive ROI bet, but no way did that have a 78% chance to win.
                    Comment
                    • ddittie
                      SBR Wise Guy
                      • 09-15-12
                      • 819

                      #11
                      Originally posted by d2bets
                      Uhh yeah, that's not how it works. Don't you think you have to account for the opponent, situation, etc? If a team is 8-0 do they have a 100% chance to win?

                      You may have had a positive ROI bet, but no way did that have a 78% chance to win.
                      Everyone has their opinion...
                      The statistics I posted were a simplified version. Yes, you can account for the opposing teams defense and the amount of pts they allow on average. For the 49ers they allowed 16.71 pts per game coming into this matchup. The Ravens averaged 27.43. So when looking at that, I looked at it as them playing the toughest offense they've faced all season. They allowed 29 pts to the Cardinals a week earlier who also have a dual threat QB.

                      It's betting, it's all guessing. If you don't like my strat, kick rocks.
                      Ravens 21 27.43/16.07 Under/Over
                      49ers 27 30.25/16.71 Under/Over

                      T47

                      Ravens +5.5 20.5
                      49ers 26.5
                      Result: Ravens 33 49ers 19


                      Comment
                      • d2bets
                        BARRELED IN @ SBR!
                        • 08-10-05
                        • 39995

                        #12
                        Originally posted by ddittie
                        Everyone has their opinion...
                        The statistics I posted were a simplified version. Yes, you can account for the opposing teams defense and the amount of pts they allow on average. For the 49ers they allowed 16.71 pts per game coming into this matchup. The Ravens averaged 27.43. So when looking at that, I looked at it as them playing the toughest offense they've faced all season. They allowed 29 pts to the Cardinals a week earlier who also have a dual threat QB.

                        It's betting, it's all guessing. If you don't like my strat, kick rocks.
                        Ravens 21 27.43/16.07 Under/Over
                        49ers 27 30.25/16.71 Under/Over

                        T47

                        Ravens +5.5 20.5
                        49ers 26.5
                        Result: Ravens 33 49ers 19


                        I didn't say I didn't like the pick. Maybe it was 56%. But it certainly wasn't 78%. That's unrealistic.
                        Comment
                        • texhooper
                          SBR Posting Legend
                          • 01-05-09
                          • 10001

                          #13
                          If your approach is to play checkers while the books are playing chess then you will lose
                          Comment
                          • pavyracer
                            SBR Aristocracy
                            • 04-12-07
                            • 82839

                            #14
                            Do not critisize each gamblers method of winning. What may look to you that it doesn't make sense it doesn't matter when the book writes you a check for you winnings.
                            Comment
                            • ddittie
                              SBR Wise Guy
                              • 09-15-12
                              • 819

                              #15
                              Here we go.

                              Week 17:
                              Browns Over 20.5 pts -135 - WIN Cashed it in 2nd QTR
                              Patriots Over 13.5 pts -120 - WIN Cashed it in 2nd QTR
                              Falcons Over 17.5 pts Ev - LOSS 17 pts
                              Saints Over 19.5 pts -125 - WIN 23 pts!
                              Rams Over 23.5 pts -135 WIN 26 pts!

                              Commanders Over 17.5 pts -110 LOSS
                              Bengals Over 17.5 pts -115 LOSS
                              Dolphins Over 21.5 pts -105 LOSS
                              Ravens Over 25.5 pts -115 - WIN Cashed it in 2nd QTR

                              Chiefs Under 26.5 pts -110 WIN
                              Texans Under 23.5 pts -105 LOSS
                              Giants Under 17.5 pts +105 LOSS

                              Raiders Under 20.5 pts -130 WIN
                              Comment
                              • ddittie
                                SBR Wise Guy
                                • 09-15-12
                                • 819

                                #16
                                browns cashed in 2nd quarter
                                Comment
                                • Chiefs83
                                  SBR MVP
                                  • 08-01-16
                                  • 2816

                                  #17
                                  Prior to the game the Ravens had scored 21 pts or more in 11 out of their 14 games this season. = 78.57%
                                  Uhh yeah, that's not how it works
                                  I like the 2 Bets so far but
                                  I agree not how it works but interesting write up I’m not bashing just my opinion
                                  Comment
                                  • ddittie
                                    SBR Wise Guy
                                    • 09-15-12
                                    • 819

                                    #18
                                    Offenses goal is to score pts
                                    Defenses goal is to prevent them.

                                    If both sides are successful it equals a win every time. Can we all agree on that?

                                    Memphis +10.5 vs Iowa St tomorrow. WIN Memphis took control early and never trailed. Memphis 36-26.

                                    Iowa State is projected to get ~34 pts. Memphis ~23. Oddsmaker had this one flipped.
                                    Not how it works maybe but Iowa state has scored 34 pts or more 3 times out of 12 this year. 2 times out of three those games were within a 10 pt margin or less.

                                    Memphis scored 23 pts 11 out of 12 times this year. They scored 21 pts in the game they didn't reach 23.
                                    Make it 12 out of 13.


                                    This line is off to me. I don't care if the entire team isn't playing, the coaches are the ones to get paid to make shit happen, I'll put my money on a game here and a new storyline on other players that aren't being selfish.

                                    This ones a LOCK.
                                    Comment
                                    • ddittie
                                      SBR Wise Guy
                                      • 09-15-12
                                      • 819

                                      #19
                                      I mean't today. When I call a play a lock, it's plus/minus 3 units. All other wins and losses are 1 unit. I quit the last thread cause doing the math on -110 vs -135 etc started pissing me off.

                                      Moneyline Memphis might be a play, but let's stick to the +/- 50-60%s.

                                      Memphis +10.5 is a lock. Live bet +17.5 if you get it. Don't push it from there.

                                      GL
                                      Comment
                                      • ddittie
                                        SBR Wise Guy
                                        • 09-15-12
                                        • 819

                                        #20
                                        Originally posted by d2bets
                                        Uhh yeah, that's not how it works. Don't you think you have to account for the opponent, situation, etc? If a team is 8-0 do they have a 100% chance to win?

                                        You may have had a positive ROI bet, but no way did that have a 78% chance to win.
                                        I guess I didn't read this part the first time iI read your message.
                                        "
                                        If a team is 8-0 do they have a 100% chance to win?"

                                        I see your point about accounting for the opponent and the situation. When I mention a team being 8-0, my intention isn't to imply they have a 100% chance of winning their next game, but rather to highlight their current win rate. For instance, if this 8-0 team faces a 3-8 team, we're looking at a scenario where one team has a 100% win rate while the other has won 37.5% of their games.
                                        This is where the Pareto Principle can come into play. In cases where a team's win rate is above 80%, betting on the underdog might offer value, especially since many people tend to favor the team with the better record, often at less favorable odds. This approach counters the gambler's fallacy, which is the mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.
                                        In terms of betting strategy, instead of simply doubling our bet each time we lose (a classic 'martingale' approach), we should consider the advantageous odds of the underdog. The idea is to calculate the bet amount not just to break even but to ensure a profit. It’s a more nuanced approach that takes into account the potential value in underdog bets, rather than just relying on the win-loss record alone.
                                        Comment
                                        • ddittie
                                          SBR Wise Guy
                                          • 09-15-12
                                          • 819

                                          #21
                                          I'm not equating the team's scoring over a certain point threshold with their odds of winning outright. Instead, I'm focusing on the occurrence rate of a specific event (in this case, scoring over X points) and how that compares to the given odds.
                                          To elaborate, if a team has historically scored over X points in 78% of their games this season, and the betting odds for them to score over 20.5 points are at -110, there’s a notable discrepancy here that could be advantageous. With odds of -110, the implied probability to break even is about 53%. However, since this team has exceeded the point threshold 78% of the time, there’s a substantial gap—around 25%—between their historical performance and the implied odds.
                                          This gap suggests that betting on this team to score over X points is a value bet. As long as the team continues to score over X points in more than 53% of future games (the break-even point for these odds), the bet should be profitable in the long run. This is the core of my betting strategy: identifying and capitalizing on these gaps where the statistical performance of a team indicates a higher probability of an event occurring than what the odds imply.
                                          Comment
                                          • ThaWoj
                                            SBR Hall of Famer
                                            • 03-09-10
                                            • 6762

                                            #22
                                            Originally posted by ddittie
                                            I mean't today. When I call a play a lock, it's plus/minus 3 units. All other wins and losses are 1 unit. I quit the last thread cause doing the math on -110 vs -135 etc started pissing me off.

                                            Moneyline Memphis might be a play, but let's stick to the +/- 50-60%s.

                                            Memphis +10.5 is a lock. Live bet +17.5 if you get it. Don't push it from there.

                                            GL
                                            Good luck. Memphis is a huge public dog. Spread and ML.
                                            Comment
                                            • ddittie
                                              SBR Wise Guy
                                              • 09-15-12
                                              • 819

                                              #23
                                              Originally posted by ThaWoj
                                              Good luck. Memphis is a huge public dog. Spread and ML.
                                              Eek, public got me good vs Dallas & Philly. I feel instant regret alrdy... damn public. Bunch of assholes if you ask me
                                              Comment
                                              • ThaWoj
                                                SBR Hall of Famer
                                                • 03-09-10
                                                • 6762

                                                #24
                                                Originally posted by ddittie
                                                Eek, public got me good vs Dallas & Philly. I feel instant regret alrdy... damn public. Bunch of assholes if you ask me
                                                19-0 memphis. Looking great early for you especially the spread.
                                                Comment
                                                • ddittie
                                                  SBR Wise Guy
                                                  • 09-15-12
                                                  • 819

                                                  #25
                                                  Originally posted by ThaWoj
                                                  19-0 memphis. Looking great early for you especially the spread.
                                                  This one was too easy. I took a nap and didn't watch a minute of the game. I even cashed them on the ML. I got it in late on a live when they were up 7 so I didn't get the +380 or whatever it started at

                                                  Thread starts 3-0. Woot
                                                  Comment
                                                  • ddittie
                                                    SBR Wise Guy
                                                    • 09-15-12
                                                    • 819

                                                    #26
                                                    Dallas -5.5 LOSS

                                                    I don't like this bet AT ALL. Only because there is a lot of emotion involved. I grew up a Cowboys fan and spent my entire childhood crying and depressed from them losing games. I invested a lot with them and for zero gain whatsoever.

                                                    The analytics show that Dallas at home is a different animal. They beat up on people, they put on a show. Hell, ever been to a game? You have 25 different economies attacking you. Never expect to budget correctly for a Dallas game. They gunna get that wallet. Jerry Jones has partnered with Chatgpt AND Kim Jung something to know exactly what the limit is on whatever card you bring to the game. Hell, he knows which card just off the parking lot gangsters union.

                                                    By the time the opposing gets into the stadium and realizes its 600 ft below the surface go the earth, they know this shit just got real.

                                                    Lions in the den fail to out kick the new best kicker in the game. Pts add up over time and Dallas pulls one out the ass somehow. Momentum and future ticket sales heading into the playoffs where they probably are one in done. Never hitting the SB this year. GL with your bets.

                                                    Jerry probably speaks Russian. Beware


                                                    You can win/win here. Either Dallas is gunna eat that ass or they going to choke. The odds for the Lions give you a unique opportunity to win/win.

                                                    IF you had $100 to lose, bet $65 on Cowboys -5.5 and $35 on the Lions ML. Win/Win (Guaranteed Cash)
                                                    Comment
                                                    • ddittie
                                                      SBR Wise Guy
                                                      • 09-15-12
                                                      • 819

                                                      #27
                                                      O52 Probably hits but ya just never know. Hope the first half is lit, bet the Under for the total at half if so.
                                                      Comment
                                                      • ddittie
                                                        SBR Wise Guy
                                                        • 09-15-12
                                                        • 819

                                                        #28
                                                        **College Football Saturday Showdowns: Hot Takes and Bold Bets**

                                                        **Florida State vs. Georgia: The Underdog's Tale**
                                                        Florida State is in a fascinating predicament. The entire nation seems convinced they don't stand a chance against Georgia, but I beg to differ. With the current odds at +700, it's an underappreciated opportunity. Let's not forget, these players have their futures at stake. This is more than just a game; it's about passion and potential. My take? Florida State +20 is a solid bet. Why? Defense. This team's defense has been underrated, and I'm betting they show up big time. And if Florida State gets the lead? Consider the money line for a strategic hedge. Remember, we've got a QB here who's an enigma – a true dual threat that might just surprise us all.

                                                        **Old Miss vs. Penn State: The Statistical Conundrum**
                                                        Now, let's dive into the Old Miss vs. Penn State game. ESPN Analytics gives Penn State a 72% chance of winning, yet the line is at a mere 4.5. This doesn't add up. SEC teams like Old Miss bring a unique edge, as Kenneth Gronbach explains in "Upside: Profiting from the Profound Demographic Shifts Ahead." My strategy? Wait for a line at +7.5 and go with 2 units. If it hits 10.5, bump it to 3 units. At 14.5, double down with 6 units. Remember, Penn State hasn't faced tough competition this season. This game is Old Miss's to lead, potentially by 15+.

                                                        **Rockets vs. Cowboys (Toledo vs. Wyoming): A Closer Look**
                                                        Toledo opened at -1, now sitting at +3.5 against Wyoming. What does this shift tell us? It's anyone's game, but the analytics lean towards Toledo. Both teams score over 22 points in more than 60% of their games, but Toledo thrives in close games, even in defeat. Wyoming, on the other hand, tends to falter under pressure. My advice? Take Toledo and consider the Over. This game is set to be a nail-biter, and Toledo's resilience could be the deciding factor.

                                                        **Auburn vs. Maryland: The SEC Bias**
                                                        Full disclosure – I'm SEC biased. But hear me out on Auburn vs. Maryland. This is one of those games where you might want to sit back and just enjoy the spectacle. Auburn brings that SEC intensity, making this matchup less predictable and more about enjoying the moment. Use this time to savor your wins and grab some celebratory food!

                                                        **Final Thoughts**
                                                        This College Football Saturday is not just about the games; it's a testament to the players' hard work and determination. Behind every bet and statistic is a team of individuals giving it their all. So, whether you're in it for the thrill of the bet or the love of the game, remember the heart and soul these players bring to the field.

                                                        Happy betting, and enjoy the games!
                                                        Comment
                                                        • ddittie
                                                          SBR Wise Guy
                                                          • 09-15-12
                                                          • 819

                                                          #29
                                                          Oh to be clear:

                                                          Florida State +20 -110 LOSS
                                                          ML Ole Miss +172 WIN
                                                          Ole Miss *Live bet +7.5 and if it moves to 10.5, bet 3 units. Quit after that and just wait. WIN

                                                          Toledo +155 LOSS
                                                          Toledo/Wyoming O44.5 LOSS
                                                          Comment
                                                          • Optional
                                                            Administrator
                                                            • 06-10-10
                                                            • 61569

                                                            #30
                                                            Like the write ups DD. Good luck.
                                                            .
                                                            Comment
                                                            • ddittie
                                                              SBR Wise Guy
                                                              • 09-15-12
                                                              • 819

                                                              #31
                                                              Ole Miss is at +9.5. Take that instead of +7.5, wait for 14.5 if it comes and take that

                                                              Ty Optional
                                                              Comment
                                                              • ddittie
                                                                SBR Wise Guy
                                                                • 09-15-12
                                                                • 819

                                                                #32
                                                                Ole Miss wins outright, ML takes it as did the live bet if you took it at +9.5. Only had one shot at it because Penn St only led for a couple minutes after their first drive

                                                                4-0
                                                                Comment
                                                                • ddittie
                                                                  SBR Wise Guy
                                                                  • 09-15-12
                                                                  • 819

                                                                  #33
                                                                  6-4

                                                                  Terrible day after a great start. Don't know where my head was at on that Florida State game. Toledo blew the game. Blah blah blah
                                                                  Comment
                                                                  • ddittie
                                                                    SBR Wise Guy
                                                                    • 09-15-12
                                                                    • 819

                                                                    #34
                                                                    12-10
                                                                    Comment
                                                                    • ddittie
                                                                      SBR Wise Guy
                                                                      • 09-15-12
                                                                      • 819

                                                                      #35
                                                                      Vikings -1
                                                                      Under 42.5
                                                                      Comment
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