Quote:
Originally Posted by Kasept
Why and for what? What about when these algorithms miss and exactas overpay? The CRW is in it for the rebate and are only looking to stay close to breakeven. Who says their money in the pools isn't a net gain?
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If they can achieve the ability to stay close to breakeven while betting at a high volume and moving odds late -- they're terrible competition to have from a bettors prospective.
I'd obviously much rather bet against hunch players or people who overbet popular jockeys. That said, most decent handicappers/horseplayers are not close to being long-term breakeven players. When I was 18-years-old and worked primarily as a teller but also occasionally customer service for Players Card members, I was able to monitor all the Off-track Wagering patrons who bet on a card. I knew the people and I could (and did) view and print out all their action over long stretches.
I don't play Daily Fantasy Sports, but I would also guess that similar people with sophisticated algorithms do well in relation to the average competent player.
That said, an algorithm will probably be more effective in DFS than it would assessing value on a horse race -- as I think more human skill and judgement can be applied to the latter.