(The below was written before tonight's bets. I meant to post it last night but didn't have time)
Before I get onto the purpose of this post, I want to say
a few words on the discussion I had with Tage in the comments section on the
last post. Tage has been a member of TFA for a while (3 seasons I think) and
therefore, we’ve exchanged numerous emails on the performance of the systems
and the ratings and Tage has always been supportive of TFA. Over the years,
we’ve not always seen eye to eye on everything and I know Tage has his own
views on the service, the systems and what I should do differently in terms of
following the systems and running the service. However, like all TFA members, I
respect his views and I agree with a lot of what he says but I also have my own
views (as do others) and therefore, I do what I want to do with the ratings,
the systems and the service.
Tage was a little annoyed that
I butted into his conversation on the last post when he said Vidar’s staking
plan was “wrong”. There is no right or wrong way to follow TFA and therefore,
I’m not going to have one member telling other members they are doing things
wrongly. Everyone can do what they want with the bets and if someone wants to
have a staking plan of 0-1,000,000pts, they can do so as it’s their choice.
Might not be the staking plan Tage would choose but it’s not his staking
plan.
I think we’re all still
learning about TFA and the ratings, the systems, the draws, the Euros and so on
and I expect it will always be a continual learning process for all of us but
that’s part of the fun I think of following TFA. It’s what makes TFA fairly
unique and ultimately, it’s why some people follow TFA believe it or not. It’s
a challenge at times but I’ve had so many notes over the years from people
talking about how good TFA has been for their betting, not only with the
profits from the systems but the way it allows you to do different things with
staking and portfolio bets and it has taught them a great deal about betting
and how to make a profit and therefore, I don’t want that element curtailed.
I think it’s great Tage shared
his thoughts on the blog and as subscribers will know, I allowed Tage to share
a report earlier this season on why staking so much on some teams wasn’t worth
the returns for the additional volatility it brings and I think all of us can
learn from Tage after what has happened this season! However, at the end of the
day, Tage can’t be telling people that their strategy is wrong when they are in
profit and others are not in profit!
Anyway, I apologised to Tage
for stepping into the discussion but I don’t want people thinking they are
doing anything wrong when they are just doing their own thing with the staking.
Tage laughs at this as he’s commented before on the blog but I know one guy who
follows all (and I mean all!) TFA bets every season. He’s not had a losing
season so far, is on course for another good season and constantly tells me that
everyone else is crazy for not following all my bets! If anything ever points
to TFA being unique, that is probably it. :)
Right, the purpose of this
post is to answer a question Matthew raised on a post a few weeks back. I said
I would do it at month end but I’ve had a little time today and it’s a fairly
quiet midweek with fixtures, so I’ll do the post now.
Here’s the question from
Matthew again:
Hi Graeme,
Could you provide an update
of the results of backing each individual selection once to 1pt for the season
so far? If you could then split it into value bands as well that would be
great.
Regards,
Matthew.
I’ve pulled together the
analysis for the UK bets and I think it’s very interesting. I keep saying it
but with the introduction of me releasing the value ratings this season with
the bets, it does add a new dimension to the systems. Admittedly, I chose to ignore
this dimension this season even though all the evidence pointed to possibly
removing the lowest value bets from the systems historically. Having done this
analysis today on this season, I suspect the evidence is even more overwhelming
now but like always, I’ll reassess things at season end and give my view. I
don’t fancy removing the low value bets completely as it would lead to a big
reduction in bet number but if the evidence is there, the least I can do is
point it out and people can make their own decisions as always.
Here’s the results this season
for the 4 rating algorithms (data to today), split by value band.
This shows it was a good
weekend as remarkably, all 4 algorithms have now sneaked into profit. As usual,
algorithm 3 (system 31) is wiping the floor with the other 3 algorithms. I
guess the surprise is that algorithm 1 is beating algorithm 2 and historically,
this definitely hasn’t been the case. System 21 is a better system than system
6 IMO and the results back this up.
As you will see, the results
by value band are interesting. Systems 21 and 41 show large losses for the
lower value bets (<10%). System 6 shows a large loss for the lowest value
bets (<5%) but a great profit for the 5%-10% range and then a large loss for
10%-15%! System 31 bucks the trend and the low value bets do really well.
Looking at the other end of
the scale, the highest value bets (>30%+) are having an amazing season on
every algorithm! Admittedly, there are so few bets, I won’t be retiring just
yet but it at least points to the fact that if you are only wanting to lump on
a few teams a season, these are the teams to do it! :) (That’s tongue in
cheek)
Being honest, as I keep
saying, the only conclusion we can draw is that generally, the higher value bets
do well and the very weak bets seem to be doing badly this season.
The actual question Matthew
asked was around unique bets and not the algorithms, so here are the results
for the unique bets at an overall level:
First comment is that it’s not
exactly the best return in the world if you are following this strategy! You’d
be much better just following system 31 as this return over the seasons has
easily beat this strategy of backing each team that appears once.
Of course, to break the unique
bets down by value bands, it’s not easy to just have one set of value bands. If
we take algorithm 1, not every unique bet appears on this algorithm and
therefore, we’ll have a bucket set of bets that don’t appear on the algorithm
and therefore, bear this in mind! It starts to get quite complicated when you
think it through as system 31 is the best system but this system seems to find
bets that other systems can’t find and therefore, this should play through in
the results here (and it does!).
Right, here are the results
for each algorithm for the unique bets only:
I’m not about to sit and spell
out hundreds of observations but I think system 31 is interesting. If you take
the 212 bets that don’t appear on system 31 but appear on one of the other 3
algorithms, this accounts for a loss of 44.5pts from 212 bets. Not a huge
sample but given system 31 is the best system historically, I expect that if
system 31 doesn’t like your bet, not sure it’s worth having!
That’s a pretty good place to
be and at least gives us some food for thought I think about the future.
Likewise, if your unique bet only has a value of less than 5% and appears on
system 6,21 or 41, it’s probably not worth having either!
You start to put together a
couple of rules to build yourself a little unique bet system and quite quickly,
you have a system that’s much better than just backing all unique bets.
As always, I prefer to draw
conclusions at season end and on much bigger sample sizes than one season, so
please don’t start doing things off the back of this post. The results this
season with the value bands fit in with what I thought would happen having
spent some time with the data during the Summer. That's pleasing although it's one step further to act on this.
For those reading this and
thinking, ffs, he’s making it even MORE complicated, I will try to improve the
service next season by having some systems that are based on certain rules
regarding systems, ratings and draw systems and ultimately, these may be useful
to some people. Not sure how they fit in the service and maybe they sit in another service where people are told what to back rather than told to do what they want to do!
As always, any questions and
observations welcome!