Using Kelly's criterion, when it was negative, did you fail to make the entry as the strategy dictates? All ROI strategies were negative, none of them worked. For a correct evaluation of the strategies, it was necessary to have a normal distribution of odds per bet in each sport.
Great questions! When using Kelly's criterion, there were no negatives because every pick had a perceived edge from the site or else it would not be a “play.” You are right that none of the strategies showed a positive ROI, which highlights just how tough it is to profit from sports betting over the long term. Even with an edge, the reality is that it's tough to make money consistently, and that's why I aim to provide a transparent look at the challenges of betting. Thanks for your insights!
Using Kelly's criterion, when it was negative, did you fail to make the entry as the strategy dictates?
All ROI strategies were negative, none of them worked.
For a correct evaluation of the strategies, it was necessary to have a normal distribution of odds per bet in each sport.
Great questions! When using Kelly's criterion, there were no negatives because every pick had a perceived edge from the site or else it would not be a “play.” You are right that none of the strategies showed a positive ROI, which highlights just how tough it is to profit from sports betting over the long term. Even with an edge, the reality is that it's tough to make money consistently, and that's why I aim to provide a transparent look at the challenges of betting. Thanks for your insights!