UFC 121 Betting Results

[sbjj]

Re: UFC 121 Betting Results

I am cool with whatever.

[Svino]

Re: UFC 121 Betting Results

Also, are you sure Svino is using a 100unit roll at the current time. If so, he had 25% of his entire roll on this card.

I did indeed. Spread out over seven events, of course.

I'm fine with keeping the tracker the way it is. Scientist is right that comparisons don't make much sense if we don't have a consistent definition of a unit w.r.t. bankroll. But sbjj is also correct that even that won't help if we don't have a consistent definition of a bankroll. We're not likely to have that though, with a mixed group hobbyist and professional gamblers. Obviously, a person who is using their entire savings as their "bankroll" is under much more pressure to bet conservatively than someone who has a fraction of their savings set aside for gambling.

Personally, my bankroll is of the "I would probably stop gambling if I lost it" type, rather than the "I would be out on the street if I lost it" or the "I would just replenish it" types.

Ideally, a "unit" would be something that we all treat the same way. "What would you bet at even odds on a coin-toss weighted +1% in your favor?" or something like that. As far as I can tell by watching people's betting, that at least seems to be close to the case (perhaps with the exception of the occasional 40 unit bet). So I think as long as we're keeping it friendly and not trying to game the system on each other with 10,000 unit bankrolls, the current system probably works as well as any. I'm also fine with moving to a direct % system though, if people would rather do that.

[MMA_scientist]

Re: UFC 121 Betting Results

I am fine with whatever. To must of us, we know how each other bet, so it makes sense. But if an outside came in, it would not make any real sense.

I don't view it as a competition anyway. I see it is as way to keep track of each other's progress and maybe see who is playing better at the moment if we want to tail.

No biggie either way, but if you want it to be a true indicator of who is playing the best, there needs to be some consistent measure of a unit.

[YoungTRK484]

Re: UFC 121 Betting Results

[quote=IWS Zak]

I think you guys are missing my point. I understand that you are playing with more money than most of us.

I am seeing your point, but to me, a unit is the "currency" we are "wagering" on the tracker. Whoever has the most "units" is the leader.

I'm not really playing more than anyone else, I'm probably right in the middle. 100 bucks a unit is all I do.[/quote:bn0sf2ka]

Same for me, it translates well as I mostly bet NFL and NCAA football. Always laying 1.1 units to win 1 (aka $110 to win $100) and it translates pretty well to MMA as well, even though there are no "spreads" per se.

[SPX]

Re: UFC 121 Betting Results

I agree with Scientist that "1 unit" means nothing if we have no idea what a unit is in relation to your bankroll. It's just an empty number.

[ctm0808]

Re: UFC 121 Betting Results

Just to make sure everyone understands where I'm at, I use a 10,000 unit bankroll. So these O-3, 1-3, and 0-5 results i've posted here have really had no impact whatsoever. Yeah.. that's it...

ARRRGHgGGgGGRRGHHH THIS PLACE IS CURSED. You guys owe me some money.

[sbjj]

Re: UFC 121 Betting Results

If the problem is me being up 40 units...just put a disclaimer next to my name showing that I have somewhere between a 350 and 450 unit bankroll. I must wonder if I was down 40 units if this would be a problem. And i very well could have been down 40 units. but i would not excuse it by having a 400 unit pot. The fact of the matter would be i was still down 40 units, and not doing to hot.

Since i pretty much know how everyone bets in here, i will personally just use it as a gauge of who i think is hot at the moment.

[SPX]

Re: UFC 121 Betting Results

^^^ I don't think you're any sort of problem at all . . . I think the problem is that everyone is doing their own thing and posting unit totals (for anyone) doesn't mean shit.

I mean, if I said I won 40 units then that means I had about a 100% increase in my bankroll. For someone like yourself, it means something totally different. I'm sure you see why Scientist would be concerned about a situation like this.

[Mr. IWS]

Re: UFC 121 Betting Results

Why dont we just do it like we do the money contest then. Everyone gets 1000 unit bankroll to start and we go from there.

[MMA_scientist]

Re: UFC 121 Betting Results

The only issue with doing it like the contest is that it complicates things for everyone, and also has the drawback of actually making it seem like a competition, which it is not (at least to me).

I think we can resolve the issue by just putting in parentheses after the name how t hat person defines a unit: mma_scientist (1u= 2%)
svino (1u = 1%)
sbjj (1u = .25%)
luke (1u = $100)

sbjj, I would have the same concern if you were down 40u. The issue is not how much you are up or down, for all you know someone else could be up a lot more actual money than you... it is not about dollars won and lost. It is about your 1u being 1/400th of your bankroll. So if you make a 40u bet, that it is not that big of a deal (again not in terms of dollars, but actual hit to your bankroll). But for many of us, 40u means betting 40% or 80% of our entire bankroll.

[Luke]

Re: UFC 121 Betting Results

Yeah I dont care what we do . Heck I dont think most of us should since we arent winning lately .

I have a 75 unit bankroll so 100 dollars is like 1.3 % of my bankroll which is still a smaller bet than most people here make vs the size of the bankroll

I havent read much of this thread but why doesnt everyone just put bets in like this

Lesnar -130 5%

Like I said I dont care because honestly I dont pay much attention to the thread since I track my own bets anyway and I'm not winning lately

[Mr. IWS]

Re: UFC 121 Betting Results

I think we can resolve the issue by just putting in parentheses after the name how t hat person defines a unit: mma_scientist (1u= 2%)
svino (1u = 1%)
sbjj (1u = .25%)
luke (1u = $100)

That works for me.

[MMA_scientist]

Re: UFC 121 Betting Results

Luke, I track my bets as well... but I like to see how everyone else is doing. Most of us are losing atm, but it has only been a minute, just bad timing. Had he started it after UFC 120, most of us would be up considerably. It will balance out over time. I guarantee you that most of us will be well into + territory in 6 months. Anyway, I like to see how everyone else is doing, so when they mention a possible bet, I know if I should pay attention or not.

Just leave it like it is, sorry I brought it up.

[Luke]

Re: UFC 121 Betting Results

Just leave it like it is, sorry I brought it up.

I wasnt criticizing the thread maybe you took me wrong I was just saying the thread means less to me pesonally because I'm not winning lately . We can do whatever you want and I'll participate

this :

mma_scientist (1u= 2%)
svino (1u = 1%)
sbjj (1u = .25%)
luke (1u = $100)

is basically what I just said in my post you would just have to chance mine to (1u =1.3%)

I think this way would work best

[Mr. IWS]

Re: UFC 121 Betting Results

Ill just add the percentages/unit amounts, like Scientist said, and we can continue going the way we were. I think it was a good idea. I'm just glad I thought of it first.