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What sample size?

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poiuyt
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What sample size?

Sat Jul 10, 2021 5:14 am

How many value bets are required for you to be relatively sure that your value betting strategy is working?
turbobets
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Re: What sample size?

Sat Jul 10, 2021 5:32 am

Placed 1000 bets then made some adjustments and I was on my way.
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Re: What sample size?

Sat Jul 10, 2021 7:59 am

poiuyt wrote: How many value bets are required for you to be relatively sure that your value betting strategy is working?
It depends on your average odds and the payback you achieve. But if you average around odds 2 and you got at least 5% yield, then 1.000-2.000 bets should be enough.
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arb12
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Re: What sample size?

Sat Jul 10, 2021 1:24 pm

On one side the law of big numbers says that the more the observations, the sharpen and proven is the result. Ideal is infinity row of events, in the real life thousands and more. On the other side the observer must beware of condition changes. The bookies may reassesment their approach in general due to financial protect - recall some odds and limits assessments before Covid era and thereafter. Or any event in several circumstances - is that event dead rubber game or championship decider, the same event with same players, but... And many more possibilities for different  ambient and therefore observations mentioned above aren't the same. At some point player's intellectual possibilities take in effect, that's why the value assessment is a complex task.
Last edited by arb12 on Sat Jul 10, 2021 1:36 pm, edited 1 time in total.
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arb12
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Re: What sample size?

Sat Jul 10, 2021 1:32 pm

Take in mind, that's about value assessments only, the players have many more tasks thereafter, for instance Kelly approach.
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