Okay, these are some results from last season on ncaaf dog moneylines. These results are from actual wagers but I want to talk in more general terms about research methodology because I think I have a good, simple methodology that people could profit from using.
RESEARCH METHODOLOGY – It’s pretty simple. I monitor a lot of sportsbooks every day. I usually have a few tests I am running on top of day-to-day business. In this case the test was, what if I bet ncaaf dog moneylines every time they go above +200. I simply record the best line I can find (then later the result) on a spreadsheet.
NOTE: LINE-SHOPPING IS VERY IMPORTANT!!
Another note: I don't begin until week 3. Experience has shown me that that's when the effect starts kicking in.
If I miss a day or certain games on a given day, then that’s fine. That’s the way things go in gambling life. The important thing is to collect a large enough sample that I can form a reasonable long-term expectation. After collecting what I consider to be a statistically significant sample, I see if I would have made money. I analyze the research from different angles (i.e. HOME dogs, away dogs, different cut-off points other than lines of +200 or higher).
If the system is making money after a significant number of samples (minimum 200), I start putting real money behind it. If no, I move on to the next hypothesis.
What I do in this case is bet every single dog I see of +200 or more - without thinking, without capping. I honestly don't have a lot of time for capping. But I'm sure a serious capper could just incorporate these types of statistics into their capping decisions and pick and choose what they believe the best bets are.
There is a great deal more betting theory I could throw out there about why lines tend to get out-of-whack on lop-sided dogs. If anyone wants to talk about that, then that's fine. But the basic fact is that they usually do (not in every single case - like I have found ncaab dogs of +200 or more to be a very bad bet - but usually).
IS IT A GOOD IDEA TO BET ALL NCAAF DOGS OF ABOVE +200?
My answer: yes, I moved from the research phase to the betting phase a long time ago and it's been a good money-maker.
Last year's numbers:
Last year’s results were basically spectacular and results that good can’t be expected every year, although it is profitable year-in, year-out.
211 games bet last year on ncaaf dogs of +200 or more.
Result = +58.18 units.
HOME DOGS = +18.89 units after 38 games
away dogs = +39.29 units after 173 games
The number of games bet is fairly low simply because I wasn't working every Saturday last ncaaf season.
It works for NFL as well. I have an ongoing dilemna in that I bet all pointspread underdogs of 10 points or more - and I don't like to bet both the spread and the moneyline on the same team - although maybe I should. Maybe in fact, I'd be better off just betting the ML and forget the spread - but I've been getting good results from betting those spreads for so long that I just keep doing it.
But it all starts with that same simple research methodology.
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