Historical analysis for new betting system - The Punters Lounge

Ricass · 19-03-2009, 21:46

This is my first post so bare with me!

I am researching a new system for sports betting. I am looking at a low risk minimal return stategy (over/under) looking at Amercian sports since they play lots of games everyday.

What sort of return on investment % (yield) figure would you think is decent and sustainable for a low risk minimal return strategy?

Also, without me doing much leg work... how much historical data should I be getting to to figure out if this is worthwhile pursuing? 100 games, 500, 1000+?

Datapunter · 20-03-2009, 15:39

ricass

What do you mean by "low risk minimal return strategy" ?

KevinTHFC · 20-03-2009, 16:18

The margin of error can be calculated from the formula 1/SquareRoot(No of Samples)

So if you had 100 games you margin of error would be +/- 10%
For 1,000 games this will drop to around +/- 3%

Kevin

19-03-2009, 21:46	#1 (permalink)
Ricass Newbie Punter Join Date: 19 Mar 2009 Posts: 9	Historical analysis for new betting system This is my first post so bare with me! I am researching a new system for sports betting. I am looking at a low risk minimal return stategy (over/under) looking at Amercian sports since they play lots of games everyday. What sort of return on investment % (yield) figure would you think is decent and sustainable for a low risk minimal return strategy? Also, without me doing much leg work... how much historical data should I be getting to to figure out if this is worthwhile pursuing? 100 games, 500, 1000+?

20-03-2009, 15:39	#2 (permalink)
Datapunter Pro Punter Join Date: 23 Oct 2003 Location: Westdorpe Age: 45 Posts: 6,535	Re: Historical analysis for new betting system ricass What do you mean by "low risk minimal return strategy" ? __________________ If you stay in the game long enough, you'll see everything, win everything, and lose everything.

20-03-2009, 16:18	#3 (permalink)
KevinTHFC Shrewdie Punter Join Date: 08 Oct 2006 Posts: 530	Re: Historical analysis for new betting system The margin of error can be calculated from the formula 1/SquareRoot(No of Samples) So if you had 100 games you margin of error would be +/- 10% For 1,000 games this will drop to around +/- 3% Kevin

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