ThaddeusB's big money line picks/experiment

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  • ThaddeusB
    SBR Hall of Famer
    • 08-10-10
    • 8874

    #1
    ThaddeusB's big money line picks/experiment
    A lot of people believe you can only go broke taking big favorites long term. I disagree. These MLs get little action and so are less efficient than most. So, I'm starting a fun little experiment to see if I can beat these lines long term. If you think this is stupid, you are in the majority, but feel free to waste your time telling me how dumb I am if you like.

    Rules:
    -Starting with $200 bankroll
    -Will bet 5-25% of bankroll on a typical play
    -Average line will be in the -1000 range
    -Will keep experiment going for a while regardless of results

    Have fun mocking me or tailing me,
    Thaddeus

    EDIT: Per request, I am also tracking a separate $100 "allin every bet" pot. This will have a maximum of one play at a time.
  • FourLengthsClear
    SBR MVP
    • 12-29-10
    • 3808

    #2
    Since you have termed it an experiment and you are planning on doing this for a while, might be worth tracking the results if you had taken the dog at the best odds available at the books you play at.
    Comment
    • ThaddeusB
      SBR Hall of Famer
      • 08-10-10
      • 8874

      #3
      12/20:

      Starting balance: $200

      NCAAB: Syracuse -3500 risk $35
      NCAAB: San Jose St -325 risk $19.50
      NCAAB: Valparaiso -750 risk $30
      NCAAB: Kent State -675 risk $40.50
      Comment
      • BIGDAY
        SBR Aristocracy
        • 02-17-10
        • 48245

        #4
        BOL! I'll be checking in time to time.
        Comment
        • ThaddeusB
          SBR Hall of Famer
          • 08-10-10
          • 8874

          #5
          NCAAB: Manhattan -900 risk $18
          Comment
          • Madison
            SBR Hall of Famer
            • 09-16-11
            • 6455

            #6
            Originally posted by ThaddeusB
            NCAAB: Manhattan -900 risk $18
            Tailing with SBR $ for 180. Still want to know about the 55K.
            Comment
            • sideloaded
              SBR Hall of Famer
              • 08-21-10
              • 7561

              #7
              Comment
              • Glitch
                SBR Posting Legend
                • 07-08-09
                • 11795

                #8
                someone should also do an experiment of big ml favorites one at a time going all-in. this one is nice too except: one loss will hurt too bad and more games per night means more exposure to this possible loss.

                you should try a hybrid of what youre doing and what i mentioned above somehow.

                someone tried that aforementioned other experiment but they did not execute it properly and failed miserably. (they took soccer very early in the trials lost)
                Comment
                • ThaddeusB
                  SBR Hall of Famer
                  • 08-10-10
                  • 8874

                  #9
                  Bonus play (won't count toward experiment since its the "wrong" side):
                  Charleston +1750 risk $2
                  Comment
                  • ThaddeusB
                    SBR Hall of Famer
                    • 08-10-10
                    • 8874

                    #10
                    Per Glitch's suggestion., I am tracking a "allin every wager" thing on the side. Today's allin play would have been Syracuse. Since everything one and it was the highest juice, I'll go ahead and allow it to be an official allin play.


                    Results & comments on games:

                    NCAAB: Syracuse -3500 risk $35 Won, beat closing line, pushed against spread
                    NCAAB: San Jose St -325 risk $19.50 Won, badly beat closing line, covered
                    NCAAB: Valparaiso -750 risk $30 Won, closing line unchanged, didn't cover
                    NCAAB: Kent State -675 risk $40.50 Won, closing line essentially unchanged (beat by 5¢), didn't cover; game was closer than final score
                    NCAAB: Manhattan -900 risk $18 Won, closing line unchanged, covered

                    Official record: 5-0 +$19
                    For comparison only: 2-2-1 against spread, 2-0-3 on beating close
                    Expected record if all lines reflected 0 EV: 4.39-.61
                    Expected record if all lines were accurate (approx): 4.30-.70


                    Allin results:
                    NCAAB: Syracuse -3500 risk $100 Won

                    +$2.86

                    Bonus plays (big dogs):
                    Charleston +1750 risk $2 Lost, closing line unchanged, covered; was within 1 possession until final two minutes

                    Bonus Record: 0-1 -$2
                    For comparison: 1-0 against spread, 0-0-1 on beating close

                    Good first day,
                    Thaddeus
                    Comment
                    • Jrod124
                      SBR Hall of Famer
                      • 10-31-09
                      • 5622

                      #11
                      love the idea Thad, will be checking back daily
                      Comment
                      • ThaddeusB
                        SBR Hall of Famer
                        • 08-10-10
                        • 8874

                        #12
                        A pair of soccer games for tomorrow:

                        Heerenveen ML -1000 risk $15
                        Manchester United +0 -345 risk $13.80
                        Comment
                        • eleuropeano
                          SBR Sharp
                          • 05-06-11
                          • 392

                          #13
                          Very interesting experiment. I have tried this myself and it works if you are very disciplined (meaning you dont go all in and you dont try 7-8+ team parlays). In general, I would say it would be better if stay away from soccer league games, because the possibility of a draw there generally hurts in the long run. But that is just my two cents.

                          Good luck with this. I will probably be tailing a lot of the picks.
                          Comment
                          • Duff85
                            SBR MVP
                            • 06-15-10
                            • 2920

                            #14
                            Thad big fan of this. I tend to disagree with you on the lack of action on big money ml favourites. Virtually every game on Betfair that involves lopsided odds tends to take more action than those that are more evenly matched. Squares love a lock... and in super favourites they get that almost guaranteed win. I doubt that the experiment profits on the favourite side over a big sample, on the other hand I would not at all be surprised if you hit 10% or less on the dogs and make +units.

                            Will def be following though, will be good.
                            Comment
                            • milwaukee mike
                              BARRELED IN @ SBR!
                              • 08-22-07
                              • 26914

                              #15
                              best of luck thaddeus. i think the experiment won't have nearly enough plays to make a good judgement about the validity of the strategy though.
                              with a $200 bankroll it would only take 5 big game losses over the norm to completely wipe you out and on the flipside a few more of those big favorites winning than usual would make you look really good.
                              Comment
                              • ThaddeusB
                                SBR Hall of Famer
                                • 08-10-10
                                • 8874

                                #16
                                12/21 plays:

                                NCAAB: Indiana St -3250 risk $32.50
                                NCAAB: Kent St -250 risk $25
                                NCAAB: Utah State -650 risk $26
                                NCAAB: Iona -3000 risk $30

                                Allin play:
                                Iona -3000 risk $102.86

                                Bonus play:
                                NCAAF: Louisiana Tech +290 risk $5
                                Comment
                                • ThaddeusB
                                  SBR Hall of Famer
                                  • 08-10-10
                                  • 8874

                                  #17
                                  Thanks everyone for the words of encouragement/advice.

                                  Originally posted by eleuropeano
                                  Very interesting experiment. I have tried this myself and it works if you are very disciplined (meaning you dont go all in and you dont try 7-8+ team parlays). In general, I would say it would be better if stay away from soccer league games, because the possibility of a draw there generally hurts in the long run. But that is just my two cents. Good luck with this. I will probably be tailing a lot of the picks.
                                  I won't be making a huge number of soccer plays and when I do, I'll usually go for the +0 so that a draw is a push.

                                  Originally posted by milwaukee mike
                                  best of luck thaddeus. i think the experiment won't have nearly enough plays to make a good judgement about the validity of the strategy though. with a $200 bankroll it would only take 5 big game losses over the norm to completely wipe you out and on the flipside a few more of those big favorites winning than usual would make you look really good.
                                  The higher the odds, the higher the variance, that is true. I'll keep this going for a while so hopefully the sample size eventually gets significant. If I have bad luck early, I'll add to the bankroll.
                                  Comment
                                  • ThaddeusB
                                    SBR Hall of Famer
                                    • 08-10-10
                                    • 8874

                                    #18
                                    Bonus play:

                                    NCAAB: Fresno State +260 risk $5
                                    Comment
                                    • ThaddeusB
                                      SBR Hall of Famer
                                      • 08-10-10
                                      • 8874

                                      #19
                                      adding $12.50 each to

                                      NCAAB: Indiana St -2500
                                      NCAAB: Iona -2500
                                      Comment
                                      • Glitch
                                        SBR Posting Legend
                                        • 07-08-09
                                        • 11795

                                        #20
                                        i was thinking about giving you some more kent state ML action in your book thread. i think you have about a 68 percent chance of a -25 here.


                                        will be interesting to watch the all-in plays for sure.
                                        Comment
                                        • rkelly110
                                          BARRELED IN @ SBR!
                                          • 10-05-09
                                          • 39691

                                          #21
                                          I'm doing the same in NHL. Picking the largest ML fav. On a 16-0 run right now.

                                          GL
                                          Comment
                                          • ThaddeusB
                                            SBR Hall of Famer
                                            • 08-10-10
                                            • 8874

                                            #22
                                            Had the first loss today, but was close to break even anyway.

                                            Results & comments on games 12/22:

                                            Soccer: Heerenveen ML -1000 risk $15 Won, beat closing line; 11(!)-1 final
                                            Soccer: Manchester United +0 -345 risk $13.80 Won, got in worse than closing line
                                            NCAAB: Indiana St -3250 risk $32.50 & -2500 risk $12.50 Won, got in worse than closing line, didn't cover
                                            NCAAB: Kent St -250 risk $25 Lost, got in worse than closing line; blew 5 point lead in last 3 minutes, losing on last second 3 pointer by 1
                                            NCAAB: Utah State -650 risk $26 Won, beat closing line, covered
                                            NCAAB: Iona -3000 risk $30 & -2500 risk $12.50 Won, beat closing line on avg, push on sp[read

                                            Official record: 5-1 -$12.5
                                            For comparison only: 1-2-1 against spread, 3-3 on beating close


                                            Allin results:
                                            NCAAB: Iona -3000 risk $102.86 Won

                                            +$4.03

                                            Bonus plays (big dogs):
                                            NCAAF: Louisiana Tech +290 risk $5 Lost, got in worse than closing line, covered
                                            NCAAB: Fresno State +260 risk $5 Won, got in worse than closing line

                                            Bonus Record: 1-1 +$8
                                            For comparison: 2-0 against spread, 0-2 on beating close
                                            Comment
                                            • ThaddeusB
                                              SBR Hall of Famer
                                              • 08-10-10
                                              • 8874

                                              #23
                                              Results to date


                                              Official picks:
                                              12/21: 5-0 +$19
                                              12/22: 5-1 -$12.50

                                              Official record: 10-1 +$6.50
                                              For comparison only: 3-4-1 against spread, 5-3-3 on beating close
                                              Expected record if all lines reflected 0 EV: 9.59-1.41
                                              Expected record if all lines were accurate (approx): 9.38-1.62

                                              By sport:
                                              NCAAB: 8-1 +$1
                                              Soccer: 2-0 +$5.5

                                              Current Bankroll: $206.50

                                              Allin results:
                                              12/21: 1-0 +$2.86
                                              12/22: 1-0 +$4.03

                                              Current Bankroll: $106.89

                                              Bonus plays (big dogs):
                                              12/21: 0-1 -$2
                                              12/22: 1-1 +$8

                                              Bonus Record: 1-2 +$6
                                              For comparison: 3-0 against spread, 0-2-1 on beating close
                                              Comment
                                              • Glitch
                                                SBR Posting Legend
                                                • 07-08-09
                                                • 11795

                                                #24
                                                very interesting stuff. i hope you keep it up even though you have a lot to do. this is a good experiment.
                                                Comment
                                                • ThaddeusB
                                                  SBR Hall of Famer
                                                  • 08-10-10
                                                  • 8874

                                                  #25
                                                  12/22 Soccer:

                                                  Barcelona -2500 ML risk $25

                                                  Allin play:
                                                  Barcelona +0 -5000 risk $106.89
                                                  Comment
                                                  • senseionline
                                                    SBR MVP
                                                    • 08-20-10
                                                    • 1819

                                                    #26
                                                    all in on soccer match u got guts
                                                    Comment
                                                    • ThaddeusB
                                                      SBR Hall of Famer
                                                      • 08-10-10
                                                      • 8874

                                                      #27
                                                      12/22 NCAAB:

                                                      Southern Miss -400 risk $32
                                                      Harvard -1000 risk $25
                                                      Weber St -1000 risk $30
                                                      Connecticut -780 risk $31.20
                                                      BYU -730 risk $29.20
                                                      Kansas -280 risk $14
                                                      Stanford -1000 risk $20
                                                      Creighton -295 risk $20.65
                                                      Missouri -290 risk $20.30
                                                      Kansas St -1200 risk $48
                                                      Denver -5000 risk $50


                                                      Bonus plays:
                                                      Pepperdine +800 risk $3
                                                      Kennesaw +475 risk $4
                                                      CS Northridge +1625 risk $2


                                                      Note: more than $200 placed in play, but early games will be over long before later games start.
                                                      Comment
                                                      • Glitch
                                                        SBR Posting Legend
                                                        • 07-08-09
                                                        • 11795

                                                        #28
                                                        the discrepancy is whether or not soccer should be banned. i vote yes. barcelona would be the only exception at times when i was familiar with their playoff clinching status. but i would want to get rid of that one variable anyway for a better test.

                                                        some other guy took man u resting and got wiped out supposedly with real money for like 1000 bucks right in the beginning like this is. its so low scoring like baseball so you should never be ok with anything passed -900.

                                                        creighton is likely todays loss. i like the other side a lot also byu.

                                                        i would vote no soccer or baseball or hockey in the all-in testing. the games are too low scoring for a couple flukes to not be able to hurt very badly.
                                                        Comment
                                                        • eleuropeano
                                                          SBR Sharp
                                                          • 05-06-11
                                                          • 392

                                                          #29
                                                          Do you think Boise State is not worth a pop today or you're just staying away from football? It seems perfect for the purposes of this experiment
                                                          Comment
                                                          • ThaddeusB
                                                            SBR Hall of Famer
                                                            • 08-10-10
                                                            • 8874

                                                            #30
                                                            Originally posted by eleuropeano
                                                            Do you think Boise State is not worth a pop today or you're just staying away from football? It seems perfect for the purposes of this experiment
                                                            I would be more inclined to take Boise St is they were in a good bowl. Here, I feel there is a significant chance of disappointment hurting their performance.

                                                            Adding:
                                                            NFL: Houston -265 risk $26.50
                                                            Comment
                                                            • ThaddeusB
                                                              SBR Hall of Famer
                                                              • 08-10-10
                                                              • 8874

                                                              #31
                                                              Results & comments on games 12/22:

                                                              Soccer: Barcelona -2500 ML risk $25 Won, significantly beat closing line; 9-0 win - I'm not going to take a lot of soccer, but when you have one of the top 5 teams in the world playing a semi-pro team at home in a tournament for national pride, sure why not.
                                                              NCAAB:
                                                              Southern Miss -400 risk $32 Won (barely), closing line unchanged, didn't cover
                                                              Harvard -1000 risk $25 Won, closing line unchanged, didn't cover (by .5)
                                                              Weber St -1000 risk $30 Won, significantly beat closing line, covered
                                                              Connecticut -780 risk $31.20 Won, beat closing line, didn't cover
                                                              BYU -730 risk $29.20 Won, closing line basically unchanged, covered
                                                              Kansas -280 risk $14 Won, closing line basically unchanged, covered
                                                              Stanford -1000 risk $20 Loss, got in worse than closing line; irritated at myself for playing this. I didn't like the play (that's why the risk is small), but my model said it was a great bet - next time I'll trust myself & skip it
                                                              Creighton -295 risk $20.65 Won, significantly beat closing line, covered
                                                              Missouri -290 risk $20.30 Won, got in worse than the closing line, didn't cover
                                                              Kansas St -1200 risk $48 Won, closing line mostly unchanged, covered; this was my top play of the day, as you can tell by the high risk. I would have made it the allin play had I not picked Barcelona earlier in the day (games happened at same time)
                                                              Denver -5000 risk $50 Won, closing line unchanged, push on spread
                                                              NFL: Houston -265 risk $26.50 Loss, significantly beat closing line


                                                              Official record: 11-2 +$0
                                                              For comparison only: 5-6-1 against spread, 5-2-6 on beating close


                                                              Allin results:
                                                              Barcelona +0 -5000 risk $106.89 Won

                                                              +$2.14

                                                              Bonus plays (big dogs):
                                                              NCAAB:
                                                              Pepperdine +800 risk $3 Lost, significantly beat closing line, covered
                                                              Kennesaw +475 risk $4 Lost, got in significantly worse than closing line, didn't cover
                                                              CS Northridge +1625 risk $2 Lost, got in worse than closing line, didn't cover

                                                              Bonus Record: 0-3 -$9
                                                              For comparison: 1-2 against spread, 1-2 on beating close
                                                              Comment
                                                              • goofyre
                                                                SBR MVP
                                                                • 04-20-10
                                                                • 1933

                                                                #32
                                                                I think RM18 did this with 2 grand during the world cup. He went all in every play and made it quite a ways. Not sure if he finally lost of just quit.
                                                                Comment
                                                                • ThaddeusB
                                                                  SBR Hall of Famer
                                                                  • 08-10-10
                                                                  • 8874

                                                                  #33
                                                                  12/23 plays:

                                                                  NCAAB:
                                                                  Clemson -600 risk $30
                                                                  Kansas St -600 risk $24
                                                                  Penn -650 risk $19.50
                                                                  Xavier -550 risk $22

                                                                  No allin play

                                                                  Bonus plays:
                                                                  Richmond +330 risk $4
                                                                  Comment
                                                                  • ThaddeusB
                                                                    SBR Hall of Famer
                                                                    • 08-10-10
                                                                    • 8874

                                                                    #34
                                                                    I'm not going to wait up until the end of the Xavier game to update the thread, so I'll put that game on the 12/24 reports (which makes sense since that is when it is actually played anyway.

                                                                    Results & comments on games 12/23:

                                                                    NCAAB:
                                                                    Clemson -600 risk $30 Won, got in worse than the closing line, didn't cover; needn't OT to get the win
                                                                    Kansas St -600 risk $24 Won, beat closing line, didn't cover
                                                                    Penn -650 risk $19.50 Won, significantly beat closing line, covered

                                                                    Official record: 3-0 +$12
                                                                    For comparison only: 1-2 against spread, 2-1 on beating close


                                                                    Allin results:
                                                                    No play

                                                                    Bonus plays (big dogs):
                                                                    NCAAB: Richmond +330 risk $4 Lost, got in significantly worse than closing line, covered

                                                                    Bonus Record: 0-1 -$4
                                                                    For comparison: 1-0 against spread, 0-1 on beating close
                                                                    Comment
                                                                    • ThaddeusB
                                                                      SBR Hall of Famer
                                                                      • 08-10-10
                                                                      • 8874

                                                                      #35
                                                                      Results to date
                                                                      (Note: I changed the starting bankroll to $300 to more accurately reflect the wagers placed)

                                                                      Official picks:
                                                                      12/20: 5-0 +$19
                                                                      12/21: 5-1 -$12.50
                                                                      12/22: 11-2 +$0
                                                                      12/23: 3-0 +$12

                                                                      Official record: 24-3 +$18.50
                                                                      For comparison only: 9-12-2 against spread, 12-6-9 on beating close
                                                                      Expected record if all lines reflected 0 EV: 23.28-3.72
                                                                      Expected record if all lines were accurate (approx): 22.70-4.30

                                                                      By sport:
                                                                      NCAAB: 21-2 +$38.50
                                                                      Soccer: 3-0 +$6.5
                                                                      NFL: 0-1 -$26.50

                                                                      Current Bankroll: $318.50

                                                                      Allin results:
                                                                      12/20: 1-0 +$2.86
                                                                      12/21: 1-0 +$4.03
                                                                      12/22: 1-0 +$2.14

                                                                      Current Bankroll: $109.03

                                                                      Bonus plays (big dogs):
                                                                      12/20: 0-1 -$2
                                                                      12/21: 1-1 +$8
                                                                      12/22: 0-3 -$912/23: 0-1 -$4
                                                                      Bonus Record: 1-6 -$7
                                                                      For comparison: 5-2 against spread, 1-5-1 on beating close
                                                                      Comment
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