How do you validate a betting system?

  • Hermit
  • Junior Member
  • Junior Member
  • Posts: 49
  • Thanks: 10

Re: How do you validate a betting system?

10 years 2 months ago
#545568
Using the simpler DRI:
R22 wagered, R3.08 profit = ROI: 14%
12(/22) winning bets

DRI = 12 * (14 / 100) = 1.68 (well below the recommended 25 for confidence)
The following user(s) said Thank You: Lucky_Dude

Please Log in or Create an account to join the conversation.

  • Lucky_Dude
  • Topic Author
  • Platinum Member
  • Platinum Member
  • Posts: 2049
  • Thanks: 76

Re: How do you validate a betting system?

10 years 2 months ago
#546897
Hermit I think the DRI method is seriously flawed. Think about it. If you took one bet on an odds on favourite at 1/1 and it won, that formulae would validate your system even though you only had one bet. I believe the maths on that would be... roi=100% and one bet so therefore 100x1=100 points which is well above the 25 point cutoff.

Please Log in or Create an account to join the conversation.

  • Winning_Post
  • New Member
  • New Member
  • Thanks: 0

Re: How do you validate a betting system?

10 years 2 months ago
#546951
The universe doesn't promote any systems, I don't want to burst any bubbles here and if a system works for you then fantastic! This discussion was brought to the fore long ago and heated battles transpired between EINSTIEN and BOHR and modern mechanics reached the most mind baffling conclusions using the famous QUANTUM LEAP. I would be here all day if I went into the details but the moral of the story is that EINSTIEN was stubborn and was supprisingly incorrect as well. You see EINSTIEN believed through physics certainty could be predicted whereas BOHR argued that certainty can only be concluded through observation... as EINSTIEN said, he likes to think that the moon is there even when we not looking at it.

The theory of PROBABILITY would arise from the very same onservations BOHR made back then, casinos and bookmakers alike use this theory with exquisite accuracy and they dont need to predict what number will come up next on the Roulette wheel or which horse will win a race, over time with enough spins and races they will WIN, that is the only certainty, lol.

So gents, certainty cannot be predicted but it can be observed, the rest is all mumble jumble, there are no systems, if you want a system google KLOG and witness a theory which describes entropy and the movement of everything from order to disorder, that's where we all end up as punters.

Please Log in or Create an account to join the conversation.

Time to create page: 0.101 seconds

Contact Details

Main Office (HQ)
PO Box 40390
Moreleta Park
Pretoria
0044
+27 (0) 82 785 4357
info@africanbettingclan.com

About A.B.C.

African Betting Clan is established for the upliftment of the sports punter, who enjoys a bet on horse racing, football and other sports, enabling them to voice their views and opinions on all aspects of the sport of their choice, free of charge.

Learn More

T's & C's

The views expressed on this website are not necessarily the views held by the proprietors of the site. Therefore African Betting Clan will not be responsible for any content posted. No persons under the age of 18 years are permitted to gamble. National Responsible Gambling Programme and its toll-free number (0800 006 008)