Thread: MLB Betting
View Single Post
  #6  
Old 07-09-2007, 09:49 PM
rjp rjp is offline
Senior Member
 
Join Date: Sep 2006
Location: Charleston, SC
Posts: 1,115
Default Re: MLB Betting

[ QUOTE ]
Might as well throw this in here, what's the formula to get a confidence interval on these? On the season I'm at 1210 bets and 1.58% ROI on system plays and 1267 with a 3.44% ROI including regular handicapping (yay hot streaks).

Thanks.

[/ QUOTE ]

To do this test, I normalize your results and assume you win 639 bets and lose 1267-639 bets at +105 odds so that your ROI is 3.39%. Using binom.test in R, your 95% confidence interval is 47.64% - 53.22%. Your 99% confidence interval is 46.78% to 54.08%. I would conclude that you need a larger sample.

I assume most aren't familiar with R or other statistical software, so I created a Trend Confidence Calculator to help people perform these calculations.
Reply With Quote