Saturday, April 2, 2011

The reality of Target Betting since July 24th, 2010...

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From the Sethbets website:

Summary posted April 1st, 2011: March was a great month for Target, rewarding the highest risk to date with the biggest monthly win since this trial began last summer. We're now ahead $131,630 deducting the original $5,000 investment from the current BR, and the profit is our "hold" of action of $1.21 million on 2,418 bets - an average win of $588 a day vs. an average bet value of $501. Staying more than one average bet ahead of the game each and every day isn't bad. The bookies' edge for the data set is 8.4% but our win represents 10.9% of overall action, indicating that Target has turned negative expectation upside down and created a long-term player advantage. The average win value to date is $638 vs. an average loss value of $439, which is how we managed to beat the bad guys: We won 45% more when we won than we lost when we lost in spite of the fact that every math "expert" out there will tell you that it isn't possible to do that unless you know ahead of the game that you're going to win. I'll say it again (because I love hearing it): It takes balls to beat the bookies, but not crystal ones. You all get bet schedules ahead of game times every day, so you know what I know, and what I know is that I can't be sure of anything until finals are in. We don't win every day by any means (116 up days and 107 down days in 223 betting days since last July 24), but I'd say a $130,000 return on a $5,000 investment is acceptable. Now for April...

Seth

An important reminder: The only person likely to make money out of this blog is you, Dear Reader. There's nothing to buy, ever, and your soul is safe (from me, at least). Test my ideas and use them or don't. It's up to you. One more piece of friendly advice: If you are inclined to use target betting with real money against online "casinos" such as Bodog, spend a few minutes and save a lot of money by reading this._

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