Just for fun (and it's always about fun, never money, since you can't make money consistently picking winners against the point spread), I'm following a strategy based on a Stanford undergraduate essay.
http://siepr.stanford.edu/siepr_news/JGibbs_NBA_Analysis.pdf
Based on the statistically not significant part of the strategy, I recommend giving the points and taking all overdog favourites against the point lines in game 1.
Check back with my blog as the playoffs unfold and I will discuss the statistically significant part of the Gibbs plan.
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