Bet Labs can be an invaluable tool in creating historically profitable betting systems, but we are often peppered with questions regarding how to go about creating a winning system. With dozens of filters to choose from and thousands of games included in our archived database, there is no shortage of information. But what characteristics should be considered when creating your system?
1. Sample Size
When dealing with statistics and betting trends, it is essential that your betting system has a significant sample size which accurately represents the data as choosing a sample size that is too small may not give an accurate representation. Large sample sizes allow you to more accurately observe advantages that you may hold over the sportsbooks.
2. Consistent Year to Year Results
With Bet Labs, users are able to easily create winning betting systems with significant returns i.e. a large number of units won and a high return on investment. However, oftentimes this system will include one or two highly profitable seasons which frequently occurred many years prior. When we see this type of downwards regression, it is typically an indication that bookmakers have adjusted their lines to account for this previously held advantage. That means the edge sports bettors used to hold no longer exists.
Instead of looking for an inconsistent system with one or two huge seasons, you would prefer to find a system with consistent year-to-year gains. That should give you more confidence that your edge will continue to exist in following seasons.
The featured image of this article (shown at the top of the page), is taken from our NFL Bye Week system and an example of a graph with consistent results.
3. Don’t Custom Fit Your Data
Frequently, we come across betting systems in which a customer has completely custom-fitted their data to produce a betting system with a high number of units won. Oftentimes, users will create systems that focus on very specific data points that have been profitable as opposed to looking at a full range.
For example, knowing that teams receiving less than 30% of public bets is valuable information, however, if you only examined the specific data points (i.e. 17%) with the highest units won, you could create a system with a greater ROI but you wouldn’t have learned anything particularly valuable – especially considering that the public betting percentage could move a single point after placing your bet, thus falling out of your system.
Want to see our Bet Labs software in action? Check out our Introduction to Bet Labs video below:
Latest posts by David Solar (see all)
- 2016 NFL Week 14 Line Moves That Matter - December 7, 2016
- How Has Acquiring Chris Sale Impacted the Red Sox World Series Odds? - December 7, 2016
- 2016 NFL Offensive Rookie of the Year Odds - December 7, 2016