1. #1
    ChalkyDog
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    What happened to all the math sharps?

    ... and the think tank generally?

    I am about to jump into sports gambling again, and all the posters like Granchow, Data and Mathdotcom are gone? Even more insane is a lot of their juicier threads have been deleted.


    Quote Originally Posted by Ganchrow View Post
    I've for some time been a bit embarrassed by my rather egregiousness overcomplication of the mathematical curiosity that is the unconstrained simultaneous independent event Kelly solution, which I detailed over 3 years ago in this thread.

    So to rectify in brief:
    Given N independent events, x1, x2, ..., xN, with corresponding single bet Kelly stakes of κ1, κ2, ..., κN, the unconstrained Kelly solution (for any Kelly multiplier > 0) consists of the 2N-1 parlays such that the wager on a given parlay comprised of all events in set S would be:
    [nbtable] [tr] [td] [/td] [td] κi[/td] [td]   [/td] [td]   [/td] [td] × [/td] [td]   [/td] [td] [/td] [td] (1-κi) [/td] [/tr] [/nbtable]

    So given, for example, events A, B, C, D, and E, with corresponding single-bet Kelly stakes of κA, κB, κC, κD, and κE, then the Kelly stake for the 1-team parlay consisting of only bet A would be:
    κA * (1-κB) * (1-κC) * (1-κD) * (1-κE)

    While the Kelly stake for the 3-team parlay consisting of bets A, B, and C would be:
    κA * κB * κC * (1-κD) * (1-κE)
    That shit right there is beautiful, but barely touches the surface of the gold mine that was the math nerds of the past. If they're no longer here, SBR - can you unfukk their threads?

  2. #2
    Sam Odom
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    Even Ganchrow could NOT beat the MAN

    So... he joined them

  3. #3
    milwaukee mike
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    kelly criterion is the most overrated thing in gambling

    bunch of nerds thought they were smart coming up with ideal bet sizing... if you have an advantage, bet the max allowed, if you're underfunded then get some more money

    much more important to determine if you have an advantage then determining exactly how much you should bet, based on some arbitrary bankroll number and the foolish thinking that the bankroll could never be added to

  4. #4
    unlearn
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    Quote Originally Posted by milwaukee mike View Post
    kelly criterion is the most overrated thing in gambling

    bunch of nerds thought they were smart coming up with ideal bet sizing... if you have an advantage, bet the max allowed, if you're underfunded then get some more money

    much more important to determine if you have an advantage then determining exactly how much you should bet, based on some arbitrary bankroll number and the foolish thinking that the bankroll could never be added to
    Bingo. Play to win, not not to lose

  5. #5
    Sam Odom
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    Vast majority do not know if they have a +EV bet

  6. #6
    ChalkyDog
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    Quote Originally Posted by milwaukee mike View Post
    kelly criterion is the most overrated thing in gambling

    bunch of nerds thought they were smart coming up with ideal bet sizing... if you have an advantage, bet the max allowed, if you're underfunded then get some more money

    much more important to determine if you have an advantage then determining exactly how much you should bet, based on some arbitrary bankroll number and the foolish thinking that the bankroll could never be added to
    No doubt, that was just an example of all that remains as far as usable equations. There are a few other things, but wildly over complicated to be usable.

    Glad to hear he was able to get a job in the industry. Granchow is the dude who would have been able to make that happen.

    As far as edge, I've always just used the log5 or small variants thereof. Either way, just started to get going again and was trying to compile info, but alas - SBR deleted the good shit (my assumption, could have been the posters themselves). The bigger clusterfuk will be determining which numbers are still viable.

  7. #7
    hubie69
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    I would completely agree here, It's a shame those posts are gone.

    There is no longer any math on this forum, as sports betting has become more popular most guys here are recreational bettors that have no desire to jump into the analytical side of this industry. The guys that do the work on the backend won't post their Math. I know I certainly wont, at least not on here. I'm not going to do the work for guys that won't understand it anyway.

  8. #8
    milwaukee mike
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    Quote Originally Posted by ChalkyDog View Post
    No doubt, that was just an example of all that remains as far as usable equations. There are a few other things, but wildly over complicated to be usable.

    Glad to hear he was able to get a job in the industry. Granchow is the dude who would have been able to make that happen.

    As far as edge, I've always just used the log5 or small variants thereof. Either way, just started to get going again and was trying to compile info, but alas - SBR deleted the good shit (my assumption, could have been the posters themselves). The bigger clusterfuk will be determining which numbers are still viable.
    mathdotcom posts at tgf under "reno marty", monkeyfocker posts there too, not sure about anyone else from the old days

  9. #9
    Sam Odom
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    Chalky

    much harder than it used to be (and/or Sammy is just too old)

    numbers across the board are tight and move together

    have to grab the early numbers and hope you guessed right

  10. #10
    BigDeem5
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    Not all move together

    -FH

  11. #11
    milwaukee mike
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    Quote Originally Posted by hubie69 View Post
    I would completely agree here, It's a shame those posts are gone.

    There is no longer any math on this forum, as sports betting has become more popular most guys here are recreational bettors that have no desire to jump into the analytical side of this industry. The guys that do the work on the backend won't post their Math. I know I certainly wont, at least not on here. I'm not going to do the work for guys that won't understand it anyway.
    and many of the better posters were driven away, either by sbr, or by dumb trolls... or they left on their own after betislands/legends/etc exposed the pay-for-play nature of the forum business

  12. #12
    hubie69
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    Quote Originally Posted by milwaukee mike View Post
    and many of the better posters were driven away, either by sbr, or by dumb trolls... or they left on their own after betislands/legends/etc exposed the pay-for-play nature of the forum business
    I agree 100%, you're right on the nose here.

  13. #13
    19th Hole
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    Great to see your post Chalky.
    Welcome back even if it's a brief stay.
    Hoping that your Wildcats back their glory.

  14. #14
    SEAHAWKHARRY
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    Just pick winners you will do Great

  15. #15
    The Kraken
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    KVB doesn’t have the same education as Scott, I think he has a masters (maybe phd)in economics from Brown if I remember correctly, but kvb puts out more practical information/advice for betting IMO. What Scott posted was way over everyones head and it just wasn’t useful for 99% of us.

    4LengthsClear was another great one to read. Not sure if it was 4 or four but search his stuff, he was brilliant.

    It’s nearly impossible to find an edge an keep that edge today. Books limit or just flat out show you the door. They will adjust to anyone winning consistently. You need to be funded at different shops, the risk one closes down isn’t zero, fees, all the fluff around gambling that is meant to separate you from your $$$ means to break even you need an even higher win %. I couldn’t imagine starting out now tbh. But certainly ggood luck

    personally I never found the high level math stuff very practical, but learning to code and scrape info for massive databases is invaluable

  16. #16
    jjgold
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    We just like to hit game is hard we don’t care about math and winning

  17. #17
    hubie69
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    Quote Originally Posted by jjgold View Post
    We just like to hit game is hard we don’t care about math and winning
    JJ, This is pretty clear and doesn't need to be stated. Your spreadsheet lets us all know that your math skills reside at the 4th grade level.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: ChuckyTheGoat

  18. #18
    franklee168
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    Shivabowl was one of my favorites.

  19. #19
    jjgold
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    Juice doesn’t matter when you win


    Pointing and clicking is also a good way to bet just as good as any other method

  20. #20
    SlickFazzer
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    Quote Originally Posted by jjgold View Post
    Juice doesn’t matter when you win


    Pointing and clicking is also a good way to bet just as good as any other method
    Corbin, if you get some good power ratings and models... you have the ability to grind out a 2 percent edge.

  21. #21
    jjgold
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    Math is good for scalpers and bonus whores

  22. #22
    SlickFazzer
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    Spot bet, pick up 10 units a year.

  23. #23
    BuckyOne
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    Math by itself is not enough! Fundamentalists who cannot define their value will not be successful long term. How is math doing explaining these NBA playoffs?

  24. #24
    The Kraken
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    The problem is to find value you need to know your edge, and thats incredibly difficult. Thats where databases come into play, dozens (if not more) variables, and trying to weight each variable, regression analysis, margin of error, etc... Thats what makes a model and that is just the basic stuff. Write code, scrape info, build a database, design a model and voila, you’re nearly back to where you started

  25. #25
    hubie69
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    Quote Originally Posted by BuckyOne View Post
    Math by itself is not enough! Fundamentalists who cannot define their value will not be successful long term. How is math doing explaining these NBA playoffs?
    That's a pretty poor example. The NBA, especially the Playoffs, has a pretty efficient market, comparatively.

    Clearly math is required in defining ones edge, and thusly value.

  26. #26
    TheLock
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    Quote Originally Posted by The Kraken View Post
    Books limit or just flat out show you the door. They will adjust to anyone winning consistently..
    The thing is, though, I know for a fact that if your unit size is $500 in MLB and your winning, the big books aren’t showing you the door.

    I can’t speak for guys who are trying to get down $3K-$5K on a MLB side, however.

    I just wanted to put some perspective on long term winning.

    I miss having durito and Ganchrow around even if I only understood 10% of what they were saying.

  27. #27
    ChuckyTheGoat
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    Math.com had it by the balls. Game was too ez for him.

  28. #28
    ChuckyTheGoat
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    ChalkyDog, you're right. Think Tank has dropped off considerably.

  29. #29
    stevenash
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    I’m math guy, but yeah all the Uber nerds are gone.
    Math is critical in handicapping MLB, there’s so much data out there, use it to your advantage.
    Follow the trends too, never lay stupid juice, if you lose a flat bet at -180 you need to win your next two to break even, conversely if you bet the dogs and go 1-2, chances are you’ll break close to even.

    Slick is right spot plays are the way to go, pretty much 80 percent of my plays are spot plays, with so many games in a season there’s usually a few diamonds in the rough, seek them out.

  30. #30
    TheLock
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    Follow what trends?

  31. #31
    jjgold
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    Math only wins

    Best handicappers can’t name one professional athlete

  32. #32
    Chi_archie
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    I'm still here

  33. #33
    RudyRuetigger
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    Guys

    If ganch was making so much and such a sharp, why did he want to go work for blackie in a failed business venture

    Think about it, 1 of the sharpest, begging to work for book's

    Last I know he went to heritage and once he gave any info he knew, he was answering phones

  34. #34
    ChuckyTheGoat
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    Thorp has talked about Kelly Criterion in some of his recent books. Thorp's recommendation is basically:

    1) Identify your edge.
    2) But an amount that is a little LESS than your calculated edge.

    This should make perfect sense. Over-betting is a sure path to the poorhouse EVENTUALLY.

  35. #35
    RudyRuetigger
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    Quote Originally Posted by ChuckyTheGoat View Post
    Thorp has talked about Kelly Criterion in some of his recent books. Thorp's recommendation is basically:

    1) Identify your edge.
    2) But an amount that is a little LESS than your calculated edge.

    This should make perfect sense. Over-betting is a sure path to the poorhouse EVENTUALLY.
    Is thorp related to thremp?

    Trust me, all losers

    Might push small edges and books catch that quickly

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