Quote:
Originally Posted by
accountinquestion
Quote:
Originally Posted by
mickeycrimm
Redietz doesn’t even know grade school probability. His talk about probability theory for random events being applied to non random events is brain dead drivel conjured up to try and make himself look intelligent. It makes him look stupid.
Yep. He has no idea.
Go look up EV in wikipedia and look at where they talk about using stats to come to an EV value. It is what he ridicules others for but it is an accepted use of the word EV. That is why the word expected precedes value. It is all nonsense conjured up to make himself look intelligent.
But it is also him being threatened that others bet sports without a deep knowledge of the sports themselves. (infact often very little knowledge) Handicappers are great if they can do it. I don't think I've seen many if any people ridicule true accurate handicappers. The problem is that Redietz holds up his tournament history as his bona fides where you play many rec players and not professional books. It is a whole different games for many reasons but yet again it is where Redietz's ignorance shines through. I wish he'd stop it. He actually has a lot to contribute.
And maybe I should just be a nicer person and not point these things out ..... maybe. But then again you see how Redietz sees others and i'm like fuck it, why?
The problem with the phrase "expected value" is that it denotes an actual established distribution of results. But what account, mickey, et al attempt is a substitution of the phrase "what I expect" for the phrase "what is expected." "What I expect" is ballpark, subjective nonsense with no real precision dressed up as if it were a precise mathematical estimate repeatable across people and across opinions.
If you are going to substitute "expected value" for "my opinion is," then the question becomes, "Why are you substituting 'EV' for 'my opinion'" and presenting it to the world as if you are actually performing precise math. You are not.
I don't hold up "tournament history" as bona fides. I hold up actual gambling records for 40 years as bona fides. If someone has the best ATS record versus other people over a span of 20 years in one competition or has consistently shown an overall profit as monitored by third parties for 45 years, then that is gambling reality. The "APs" posting here have no bona fides. They want people to simply take their word that they know what they're doing and that they make money.
I give Bob Dancer credit in this sense. He dipped his toe into sports betting, had the good sense to know what he didn't know, and got the hell out. That is a much better result than people like, say, Phil Ivey or Stu Ungar, who stepped into sports betting and got basically murdered, despite having access to every AP angle, trick, and priority in the world.
The classic example of "AP narcissism" on this forum has been The Riddler winning money (albeit not always a fortune; sometimes "only" a 20% or 25% return -- LOL) every single time, and KewlJ attempting to make the argument that it was simply the luck of winning eight events in a row. Even though some of the recommendations involved a dozen plays or more.
Now, do any of you brilliant "APs" really think The Riddler did that by getting lucky?
Unless you have some magic formula that turns non-random events into random ones, most of the "AP" discussions here regarding sports are pretty much nonsense. Now I know some of you believe you are brighter than an Ungar or an Ivey or a Dancer.
Which is funny as hell, when you think about it. You have guys driving around playing slots who have the brains and insights and contacts and experience to do what an Ivey or an Ungar or a Dancer have not been able to do. And lo and behold, they don't just do it for one sport; they do it for all of them by "sports betting."
This forum is blessed with a real collection of polymaths. It's a shame none of them are adjunct professors.
That's where the moniker, "Leonardo da AP" comes from. People who have no sense of their own limitations. And such scintillating, verifiable success stories spanning decades. One is left in awe. If only Ungar or Ivey or Dancer could have learned from them.