Round Robins.... the best way to bet on baseball?

warriorfan707 · 07-09-2008, 03:06 PM

Ok what is stopping us from taking the 5 best plays on the board every day, and doing a 3 team round robin every day?

Shouldn't this be the best way to bet on baseball? More often than not we will hit 3 or 4 out of 5. Shouldnt this be highly profitable in the long run?

pat venditto · 07-09-2008, 03:30 PM

straight bet?

Ganchrow · 07-09-2008, 04:01 PM

Quote:

Originally Posted by warriorfan707

Ok what is stopping us from taking the 5 best plays on the board every day, and doing a 3 team round robin every day?

Absolutely nothing ... except hopefully your better judgment.

Quote:

Originally Posted by warriorfan707

Shouldn't this be the best way to bet on baseball? More often than not we will hit 3 or 4 out of 5. Shouldnt this be highly profitable in the long run?

The best way to bet on baseball (or indeed on any other sport) isn't determined by what one asserts will happen "more often that not", but rather by carefully considering the win probability and payout odds of each bet and then constructing an optimal set of wagers.

warriorfan707 · 07-09-2008, 05:27 PM

Quote:

Originally Posted by pat venditto

straight bet?

Nice call on the Tigers first 5 innings yesterday btw, very solid.

I just dont like laying huge chalk like -185 on straight bets....

Nor do I really have the patience.

Vision · 07-24-2008, 01:54 PM

Quote:

Originally Posted by Ganchrow

The best way to bet on baseball (or indeed on any other sport) isn't determined by what one asserts will happen "more often that not", but rather by carefully considering the win probability and payout odds of each bet and then constructing an optimal set of wagers.

Lol.

durito · 07-24-2008, 02:44 PM

Quote:

Originally Posted by Vision

Lol.

cobra_king · 07-24-2008, 03:57 PM

Quote:

Originally Posted by Vision

Lol.

Wow

Vision · 07-25-2008, 03:54 PM

Sounded like a well-worded rip.

LT Profits · 07-25-2008, 04:03 PM

Eh, I wouldn't say it was a rip. Ganch explained it perfectly. And yes, a smal round robin in association with larger straight bets is sometimes called for. Just use the Kelly Calculator and check the various parlay tabs for simultaneouis wagers. I must confess though that I only do two-way round robins myself and ignore any recommendations for three or more teams in a parlay.