Save Over 40% Off with our Bet Labs Football Special

by Travis Reed • August 17, 2017

Do you love football? So do we! That’s why before the season kicks off we are offering our Bet Labs Football special earlier than ever. Our Football Special lasts through the end of the year so you’ll have access to proven winning systems for every NFL and college football game as well as access to […]

The Gambler’s Fallacy

by John Ewing • January 31, 2017

The gambler’s fallacy is the belief that if something happens more often than normal in a period of time, it will happen less frequently in the future. For example, you walk up to a roulette table and see that a black number has hit the last ten spins. Your first thought might be that a […]

Confirmation Bias

by John Ewing • January 23, 2017

Where do your opinions come from? Most people believe they are formed as a result of years of experience. The truth, that’s not always the case as we are all susceptible to confirmation bias. Confirmation bias is the tendency to remember or seek data that supports a hypothesis we already have while ignoring facts that […]

How Much to Bet?

by John Ewing • January 10, 2017

To be a successful sports bettor one needs good bankroll management. A gamblers bankroll is the amount of money available for wagering. One of the biggest mistakes recreational bettors make is wagering too much on one outcome. Splash for the Cash. $200,000 in 48 minutes. @StephenCurry30 @KlayThompson — Floyd Mayweather (@FloydMayweather) May 24, 2015 […]

All Good Betting Systems Start with an Idea

by John Ewing • January 2, 2017

All good betting systems start with an idea or hypothesis. Before you start building your system, begin by asking a question – something like, “Does cold weather really affect points scored?” or “Do teams on the second night of a back-to-back play worse?” After you know the question you can mine the data to find […]

Consistent Year-to-Year Results

by John Ewing • December 19, 2016

Here is the definition of consistent: marked by harmony, regularity, or steady continuity: free from variation or contradiction. Here is the sports definition of consistent: Let’s count the ways the Patriots have been consistent. For starters, since Tom Brady took over at quarterback New England has never had a losing season and has won ten […]

The Importance of Sample Size

by John Ewing • December 12, 2016

There is an incredible amount of data that exists in sports. Data comes from individual player performance, coaching, in-game events, betting lines, officiating and weather. We can extract useful information from that data to make predictions about future outcomes. However, one of the most common mistakes made by bettors is making definitive claims from small […]

Number of Bets

by John Ewing • October 28, 2016

A fundamental philosophy in sports wagering is Betting Against the Public. The strategy is simple, whichever side the public (or squares) are on, take the opposite. An essential factor in Betting Against the Public is focusing on games where there is a lot of public interest (large number of bets) and thus a lot of […]

How to Test For Overfitting

by Travis Reed • October 26, 2016

A common problem that we encounter is members who will custom-fit their data to produce winning systems.  What this means is that people will go through our historical database and cherry pick the best data points to get a large number of units won and a skyrocketing graph.  While this may give you confidence that […]

Multiverse Theory in Sports

by Travis Reed • August 30, 2016

While we love to highlight the Bet Labs software and what it can do, it’s sometimes good to take a step back and look at sports betting from a broader perspective.  In this case, I’m going to be introducing the multiverse theory and how I think it relates to sports betting. The multiverse theory loosely […]