Sorry if dumb question.goat68 wrote: ↑Thu Sep 16, 2021 7:54 pmMy theory is to slightly disagree with you here. As I said I think yesterday, not all markets are efficient ALL the time. On average they will be across ALL markets. But my belief is you can find inefficiency in certain selections in certain markets. I know you say that by always hedging things will average out, but that is only the case if you bet on EVERY market. So say you only bet on 20% of markets, depending on how you selected them, hedging may make it overall -EV.ShaunWhite wrote: ↑Thu Sep 16, 2021 7:27 pmNot hedging is something that suits the income profile of the big guys but, and I'll say this yet again, the fractional advantage really doesn't pay dividends for small edges or small players. Even the most ardent 'non-hedger' can't dispute the maths when they're presented with it.
btw what's the difference between a hedging bot and a betting bot? That's a new one on me.
My dog bot is an example which I tried hedging on, and it shows a significant loss with that, my theory being the condition it bets on the BSP is not neutral EV on average.
"Fire away!"
What constitutes value?
Naas 2.00 16th September 2021
A value bot might focus on the favourite, which one should be favourite? What might be value?
Another value bot might focus on the outsider(s), which ones are the outsider(s)? Is 50/1+ value?
Do you bother with this info or focus on reams of data supplied by betfair and look for patterns/trends? What tells me its value?
There is no right/wrong answer....or is there?