Unit betting...?

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Why would you look at a game and say..... Well, this game has 20% (1 unit) chance of winning and still bet it.

When I look at a game, I view it as a WINNER or LOSER.

Can someone give me an insight.

Thanks.
 

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A unit to me is whatever percent of your bankroll you've defined as such. In any case, 20% is too high IMO. If a team had a 20% chance of winning and I was getting, say, +500 or higher I'd be all over 'em in theory.
 

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PixWinns said:
Why would you look at a game and say..... Well, this game has 20% (1 unit) chance of winning and still bet it.

When I look at a game, I view it as a WINNER or LOSER.

Can someone give me an insight.

Thanks.

The name of the game is value. Winners and losers do matter, but it's really a matter of getting the best price for your prediction. If you can do this, you can win picking less than 50%. My horse matchups as testimony.

For 1 unit to represent 20% of your BR though is suspect.
 

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Labeeb said:
The name of the game is value. Winners and losers do matter, but it's really a matter of getting the best price for your prediction. If you can do this, you can win picking less than 50%. My horse matchups as testimony.

For 1 unit to represent 20% of your BR though is suspect.

Very well put...trying to pick winners and losers is best left to psychics. The best I've always hoped for as a handicapper is the ability to find the value propositions and bet accordingly.
 

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da1prophet said:
Very well put...trying to pick winners and losers is best left to psychics. The best I've always hoped for as a handicapper is the ability to find the value propositions and bet accordingly.

It's something that is hard to do. If you think I line should be +120 and it's +200, you really should pounce on it, but often times people will only make a small play. Have confidence in the number you make and bet out when the variance is high. It's something that's always fun come CBB totals time as the lines can be very volatile.
 

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Labeeb said:
It's something that is hard to do. If you think I line should be +120 and it's +200, you really should pounce on it, but often times people will only make a small play. Have confidence in the number you make and bet out when the variance is high. It's something that's always fun come CBB totals time as the lines can be very volatile.

Agreed...its very tough at first to have the confidence to pull the trigger with a bad team at a good price but it pays in the long run. Pointspreads work the same way--if "my" line on game is -3, for example, and the posted line is way off of that the first reaction is to think that you must be wrong about something. I guess the confidence in your own numbers comes with experience.

I will say that the people I know who have made the most money betting on sports are completely value driven. They'd bet against their own mother if they got a good price...
 

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Labeeb said:
Couldn't be better said Prophet. Where in SC are you?

Scenic Columbia, SC for now...I lived in Charleston for a number of years before I got divorced. I started driving west and this is the first town I hit ; )

Seriously, I have some roots here that caused me to settle in Columbia for the time being--I went to the University of SC and my parents live here....

And I know its hot in a lot of the US right now, but MAN, is it hot here in the SC midlands. I have two Jack Russell Terriers and it usually takes two walks a day to tire them out. They got one quick walk tonight just after midnight--with the temp still at 86 degrees with a thousand percent humidity--and they're exhausted.
 

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And just when I thought we were going to get along I had to run into a USC boy. I'm in Clemson. Perhaps we can still be friends...

Columbia and scenic...Funny!
 

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Labeeb said:
And just when I thought we were going to get along I had to run into a USC boy. I'm in Clemson. Perhaps we can still be friends...

Columbia and scenic...Funny!

Yeah, its not exactly the garden spot of the state ; )

Despite the fact that I have a degree from USC and live in the shadow of Williams-Brice Stadium I don't have much loyalty to the school's sports teams. Maybe its the fact that I grew up in Utah, so I'm a "transplanted" southerner, or maybe I've been betting on sports so long that I've learned to not care unless I have a bet on the Gamecocks. I had no qualms about taking Clemson over USC last year, that's for sure...
 

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I might be passing through Columbia in the next couple of weeks. If so, I'll let you know.
 

MrJ

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PixWinns said:
When I look at a game, I view it as a WINNER or LOSER.

This is a problem. Being able to assign probabilities and estimate how much of an edge you have is pretty important.
 

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I'll give you some insight.

If you are the best in the world, 45% of the games you view a winner will be losers and 45% of the games you view as losers will be winners.

If you don't get this, 100% of the people by your name will be a long term loser.

-Sean
 

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