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Weighing the Odds in Sports Betting

Weighing the Odds in Sports BettingTitoloWeighing the Odds in Sports Betting
AutoreKing Yao
Prezzo
Sconto 15%
€ 14,22
(Prezzo € 16,73 Risparmio € 2,51)
CategoriaGames: Gambling - Sports
RilegaturaPaperback
Dati254 p.; ill.
Anno2007
EditorePi Yee Press
Normalmente disponibile per la spedizione entro 5 giorni lavorativi

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Descrizione
This book by King Yao, author of the widely-acclaimed Weighing the Odds in Hold 'em Poker, should be used as a guideline to sports betting rather than a blueprint. The sports betting market changes and adapts quickly. The underlying principles shown in this book should help the reader adapt and continue to make good bets even when the market changes.

Indice e argomenti trattati
List of Tables
15
Acknowledgments17
Introduction
19
The Purpose of This Book
19
Organization
20
Other Books
20
Why I Wrote This Book
21
Why Sports Betting?
22
Interpreting Data
23
Legality
23
Basics
25
Expected Value (EV)
25
Calculating EV
26
Sports betting EV example
28
Money Line
29
Converting a money line into percentage
29
Converting percentage into a money line
29
Point Spread
30
Money Lines on Dogs
31
Removing Pushes
32
Talking Cents
33
Half Point and Push Percentage
34
Parlay
34
Teaser
36
ROI
36
Expected ROI
37
Money Management
38
Smart money management
38
Stupid money management
39
Betting in Las Vegas
40
Reading the board
41
Making a bet
42
Collecting winnings
43
Ways to Win
45
Handicappers
46
Fundamental
46
Angles and trends
46
Situational and emotional
47
Feel
47
Futures
48
Relative-Value Players
48
Database keepers
48
Buying points
48
Teasers
49
Handicapper/Relative-Value Overlap
49
Proposition bets
49
Parlays
50
Bettors
50
Line hunters
50
Followers
51
Bonus hunting
51
Promotions
52
Betting For a Living is Work
52
Talent
52
Managing finances
53
Motivation after winning
53
Motivation after losing
53
Willingness to study
53
Persistence and physical endurance
54
55% Wins is Great
54
Bet Those 53% Games!
55
Hedging
79
Valid Reasons to Hedge
80
The risk of the original wager is too great
80
Example 1:
80
Example 2:
81
The hedge has positive or zero EV
81
Example 1:
81
Example 2:
81
The hedge was pre-planned
82
The hedge releases capital
83
Thoughts While Hedging
84
Estimate the EV of the hedge
84
Understand the risk of the bets
84
Estimate the probability of winning
85
Calculate the current EV of the wager.
85
Determine the maximum win and maximum loss
85
Evaluate the risk after the hedge
86
Compare the EV to the risk profile
87
Sportsbooks Hedge Too
88
Conclusion
89
Hedge Mistakes
91
Hedging After Line Movement
91
Avoiding a Reverse Middle
92
Increasing Risk with a Hedge
93
Hedging a Lost Cause
93
Example 1
94
Example 2
94
Hedging the Last Leg of a Parlay
94
Hedging the Second Half
95
Missing aBet
96
NFL Season Wins
99
SumofWinsisatMost256
100
Rate Each Game
101
Strength of Schedule
101
Compare to Posted Lines
101
2006
102
The Wavy-Ruler Effect
104
Other Considerations
105
Time value of money
105
Opportunity cost
105
Sportsbook risk
105
Value of a Half Win
105
Spreadsheet
107
ValueoftheVig
107
My RSW Picks for 2006
109
Conclusion
110
NFL Parlay Cards
111
Break-Even Rates
112
Advantage
112
Profitability
115
Betting
116
Push Percentages
116
Local Parlay Cards
118
NFL First Halves
119
Historical Data
119
The Value of Particular Numbers
124
Tied at the half
124
3-point lead at the half
124
Other valuable numbers
124
Changing Times
124
Other Uses for Table 7
125
Caution Using Table 7
126
Conclusion
126
Office Pools
127
Good, Bad and Average Numbers
128
Valuation of Each Square
128
Valuation Caveats
133
Buying, Selling and Trading
133
Super Bowl Props
135
Understanding the Prop
136
Researching Statistics
137
Applying Math
137
Adjusting for the Market
140
Making Refinements
141
Blocked Punts Prop
141
Copycat Gets Punished
142
March Madness Pools
145
The First Round
147
The Second Round
148
The Third Round and Beyond
148
2006 March Madness
149
Texas A&M vs. Syracuse: #12 vs. #5
149
Wisconsin-Milwaukee vs. Oklahoma: #11 vs. #6
150
San Diego State vs. Indiana: #11 vs. #6
150
Wisconsin vs. Arizona: #9 vs. #8
150
UAB vs. Kentucky: #9 vs. #8
150
Wichita -2.5 vs. Seton Hall: #7 vs. #10
150
Marquette -2 Alabama: #7 vs. #10
150
California -1.5 NC State #7 vs. #10
150
Notes on two regionals
151
Oakland Region
151
D.C. Region
151
Conclusion
151
NBA Playoffs
153
A Sports Riddle
153
Zigzag Theory
154
Must-Win Games
155
Game 3, home team down 0-2
155
Game 4, home team down 0-3
155
Game 6, home team down 2-3
156
Game 7
156
Exact Series Lines
156
Game 6
157
Game 7
158
Calculations
158
Exact Series Line Spreadsheet
160
Baseball: First Halves
161
FirstHalfVersus Full Game
162
Endurance of starting pitchers
162
Bullpen strengths of teams
163
Bench strength for pinch-hitting
163
Five Innings
164
4.5 Innings
165
Half Runs in Five Innings
166
Conclusion
166
BASEBALL: TOTALS
167
MLB Total Push Rates
168
More Odds than Evens
169
Higher Totals Have Fewer Pushes
169
Value Depends on the Total
170
An example with totals of 7 / 5
171
An example with totals of 10 / 10.5
172
Conclusion
172
Racing's Triple Crown
173
Before the Kentucky Derby
173
Bet the ``No'' after the Derby
174
If a Favorite Wins the Derby
175
If a Long Shot Wins the Derby
176
Fewer Horses in Later Races
177
Lower Odds in the Belmont
178
Belmont Souvenirs
179
Putting the Odds Together
180
An Example From 2002
181
An Example From 2006
182
Conclusion
184
Futures
185
Time Value of Money
185
NFLF utures
186
2006 NFC Odds: Seattle
187
Wild-card round
187
Divisional round
188
Conference finals
188
Putting it together
188
Tiebreakers
190
College football
190
NFL
191
MLB: Wild-Card Race
192
Head to Head Down the Stretch
193
TIPS FOR HANDICAPPERS
195
Be Ready for Opening Lines
195
Lines Getting Sharper
196
Angles
197
College football: returning starters
198
Angle
198
Starting base and current line
198
Betting the angle
198
Baseball angle: sign-stealing
199
Angle
199
Starting base and current line
199
Use Statistics in Context
199
Weed out the Luck
200
One Sport at a Time
201
News
201
Relative-value plays
201
Market moves and tendencies
201
Choose a Sport You Like
202
Tips for Bettors
203
Shop
203
Finding a Sportsbook
204
NFL teaser example
204
NFL futures example
205
College football correlated parlay
205
The Best Time to Bet
206
How big do you bet?
206
How do you think the line will move?
207
How sharp do you think the market is?
208
Win Big or Slowly?
208
Bet the max, and hope they don't notice
209
Bet smaller, and hope they don't adjust
209
Traps
209
Forgetting the value of money
210
Disdain for small bets
210
Resting on your laurels
210
Not admitting mistakes
210
Handicappers
211
Following a Handicapper
211
A Handicapper's Record
212
Sample size
212
Lines the handicapper used
214
Handicappers selling multiple services
215
Handicappers who release picks early
216
Websites for Handicappers
217
Other Relevant Information
218
Write-ups
218
Size of other clients
219
Change in pick volume
219
Strategically releasing picks
220
Line movement
222
Situation 1: the line moves to Pacers +5
222
Situation 2: the line moves to Pacers +5
222
More Tips for Followers
222
Picks using rogue lines
222
Records may be biased
222
Using break-even handicappers for cover
223
Why does the handicapper sell picks?
224
Conclusion
224
Sports Bets in Unusual Places
225
Embedded Sports Bets
225
Free Big Mac
226
Embedded futures bet
227
Options on Super Bowl Tickets
227
Pricing of options
228
Example
229
Drawbacks
229
Season Tickets
229
Fantasy Sports
230
Internet and Media
231
Internet Forums
231
Good things about Internet forums
231
Bad things about Internet forums
232
Internet forums on sports betting
232
Other Websites
232
Media Coverage
233
The media guarantee a win!
233
Personal relationships with players
234
The media overrate NFL quarterbacks
234
The media try to explain everything
235
Gossip
236
Interview With a Pro
237
Glossary243
Index249

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