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#29
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[ QUOTE ]
So how big of a point differential between predicted/spread do you think would be a 2 unit bet? [/ QUOTE ] This is basically a function of how much variance you want to see isnt it? Assuming the bot is giving the correct percentages as to how often a team will cover and assuming an infinite bankroll, then anytime the bot reports that a team should win more than 52.4% of the time (assuming all bets are -110), we make the most money in the long run by making a max bet on all such bets. But we dont have an infinite bankroll and we arent 100% sure that the estimated percentage to cover is accurate, so we size our bets down to be able to handle downswings. So really, I think to solve the bet sizing problem you would have to estimate the error in the bot's percentage to cover estimate and then figure out how big of a downswing your BR can handle. Thus the bet size would be different for each bettor rather than the bot spitting out some optimal bet size. |
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