EBI-GROUP Headline Animator

EBI-GROUP

Monday 21 July 2008

The purity of profit...

Hello ,

i have returned from vacation , now Galata is going on his 2nd!!! summer holiday... What to say , some people are just lucky. I know that many of you also going to some nice place and i wish you all to have fun. FYI , Galata goes to Tinos Island , another very beatifull island of Kyklades.

Anyway , for us here at home there is normal life so i will comment on a subject concerning services and the reality of the results they show. This is a reply for members that ask me in a daily basis for services we do recommend.

Having studied some verification services and the way they operate i could say that some flaws exist and should be stated. In order to look good on those sites you may do just two simple things:

1. Open the site and start posting many many bets daily (i will explain that latter)
2. The bets verified to odds but what about limits?

I have seen verified tips from MMA fighting with 2 euro limit available in just 1-2 sportbooks , combos that can be played in 2-3 sportbooks with joke limits and some bets in Hockey (some exotic euro league) where the limit could reach 10 euros before the bet is locked!!! I will not say that this is a mistake of verification services , not at all , they do their job in a very proffesional way and they are obliged to accept bets like those as not all punters that join services play hundreds or thousands of euros. On the other side , those bets that are actually Unplayable do count in results of tipping services. And those results usually do make difference as they are some hockey draws , some big combo winners or an outsider in Karate that wins. And those results do make a service look good in numbers but in reality the purity of those profits and the real ROI% is far smaller than the actual one making difference on our pockets and bank accounts.

The second has to do with formulas. Sports-Tipsters is an excellent site in terms of information and i'm a big fan of the book published by Joe , if you haven't read that you should do , is a must read. On the other side , i believe there is a flaw on the formula that calculates the performance of tipsters. I'm personally again the logic of Robustness that is :

"The "robustnesss" of a betting record is a consequence of both yield (or rather strike rate) and bet number. A record may have a good yield, but if it is based on only a few bets, a punter cannot be confident that it really reflects the tipster's skill. On the other hand, a record of 250 bets and only a 5% yield can be considered to be more robust because the tipster's ability has been tested over and over again. "

My opinion is that many times this could be a negative instead of positive stat to count. I give you one very simple example on how you may cheat easily against this criteria. Let's say you open a service and every day you give 10 tips. Tennis , football , basket , etc... Every month you should have 300 bets , after 3 months you should have 900 bets and very easily somebody with 900 - 1000 bets into 3 months time could be considered as Robust. But is really a robust service?

I personally have a different opinion. Numbers don't lie for sure though i think some other ingredients should be calculated concerning Robustness. Those are :

Recovery after bad streaks and Period of time online. Number of bets are certainly important but in my opinion a service that is online 2 or 3 years shows robustness instead of a service online 3 or 5 months. Also how the service reacts on bad runs? Did the service managed to return the loss and re-create profit ? Did the service collapsed? There are some good examples of Super-Services charging thousand of dollars per month that just collapsed after a bad month.

Is the price and the bet achievable? That couldn't be counted as everybody has a different volume of money per bet. But what is the value of a service when you can achieve only a % of the adviced odds or you can't achieve it at all?

Those two are the key areas you must consider along with the previous results as always. And this is what i consider purity of profit or robustness.

Hope you all have good additional selections...






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