The purpose of this article is to show you just how easy it is to spot value bets using Golf Predictor. We provide an unbiased (i.e. true, based on their statistics) ranking of all golfers in the field for a particular tournament. Bookmakers, on the other hand, adjust their rankings in order to maximise profit for themselves (naturally!). This so-called "public opinion spread" means that, for example, they cut the odds for golfers they think will attract more bets. However, being more (or less) heavily backed does not mean a golfer is more (or less) likely to win/perform in a tournament.
This means that there will usually be discrepancies between the true rankings for an event and those for any bookmaker: some players will be ranked too highly (overvalued) and some will be consequently ranked too low (undervalued). Before the tournament starts, you should look for the latter near the top of the Golf Predictor rankings as these undervalued golfers are a good bet for at least a top ten finish. Of course, with Golf Predictor, you can drill down to see all the golfer statistics, so you can make up your own mind whether your bookie has really got it wrong! You should also check some (or all) of the course/tournament/similar tournaments/season/last 5 history data on Golf Predictor for the undervalued golfer to verify that he would be a good pick.
For example, in the 2010 McGladrey Classic, Heath Slocum was ranked 9th by Golf Predictor based on his statistics, but was ranked tied 19th by a prominent bookmaker. This made him a good bet for at least a top ten finish in the tournament as he was significantly undervalued. I duly tweeted as much before the event and who went on to actually win it? Yes, you've guessed it, Heath Slocum! We won't get a winner like that every time, of course, but you will find value most weeks using Golf Predictor.
Friday 15 October 2010
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