First, I am not currently tracking RX baseball cappers' picks in the Baseball thread (notwithstanding the Tracker forum). I had considered doing this but with the sheer number of cappers posting & how some do not have a discrete unit system (chase, money management, or simply using amounts only), I'm not planning to do this anyway.
Now, I had noticed some recent discussion about how to make a -1 bet, first mentioned by Illini (I believe) that Dsethi has explained to many about how this works with fhmesq44 providing assistance in his spreadsheet. This is a neat idea.
Recently, I realized it just would be helluva for anyone who's tracking in the background. Say somebody decides to make a -1 bet (by betting ML & RL) and the team wins by 4 but the game gets called by rain in the 7th. Obviously, the capper has to adjust the juice to show that only the ML bet did win while the RL was NO ACTION. The W-L record still will be 1-0 (because only ML bet counted).
What about many times where the team indeed would win by 1 run? For record keeping purposes, a -1 bet would be a push (0-0-1 W-L-P record for instance), I understand that... even though 2 separate bets were made, with ML winning and RL losing (with a 1-1 W-L record).
No problems there as I understand the concept even though the record is skewed with no wins and losses in a -1 bet if the team wins by 1. You *did* make those bets after all, with opposing results. They just simply canceled each other out as wagered bets. No big deal for most, but it can be tricky to add up for a season's record where you go 80-60-20 because "you posted -1 bets and 20 of them got pushed over the course of season".
(Dsethi, you know me enough by now that I am not giving you hard time here or even singling you out, grins.)
I thought of another analogy that some will scream "no, bad bad analogy" but here goes:
What's the difference for somebody in the NBA/CBB (or even NFL) forum to decide to make a -3 bets on a favorite at -6 with a -250 ML or whatever? The capper can argue that he feels the favorite wins by more than one possession (a FG for NFL) in that game.
So do we let the capper post a -3 -190 bet? Where's the line? No pun intended. LOL.
Discussion?
* CalvinTy
Now, I had noticed some recent discussion about how to make a -1 bet, first mentioned by Illini (I believe) that Dsethi has explained to many about how this works with fhmesq44 providing assistance in his spreadsheet. This is a neat idea.
Recently, I realized it just would be helluva for anyone who's tracking in the background. Say somebody decides to make a -1 bet (by betting ML & RL) and the team wins by 4 but the game gets called by rain in the 7th. Obviously, the capper has to adjust the juice to show that only the ML bet did win while the RL was NO ACTION. The W-L record still will be 1-0 (because only ML bet counted).
What about many times where the team indeed would win by 1 run? For record keeping purposes, a -1 bet would be a push (0-0-1 W-L-P record for instance), I understand that... even though 2 separate bets were made, with ML winning and RL losing (with a 1-1 W-L record).
No problems there as I understand the concept even though the record is skewed with no wins and losses in a -1 bet if the team wins by 1. You *did* make those bets after all, with opposing results. They just simply canceled each other out as wagered bets. No big deal for most, but it can be tricky to add up for a season's record where you go 80-60-20 because "you posted -1 bets and 20 of them got pushed over the course of season".
(Dsethi, you know me enough by now that I am not giving you hard time here or even singling you out, grins.)
I thought of another analogy that some will scream "no, bad bad analogy" but here goes:
What's the difference for somebody in the NBA/CBB (or even NFL) forum to decide to make a -3 bets on a favorite at -6 with a -250 ML or whatever? The capper can argue that he feels the favorite wins by more than one possession (a FG for NFL) in that game.
So do we let the capper post a -3 -190 bet? Where's the line? No pun intended. LOL.
Discussion?
* CalvinTy
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