NRL S2016 R09 Results

NRL S2016 R09 Results

Summary

This round was pretty interesting!!. The predictive accuracy was well below average with only 3 of 8 predictions being correct! There were some pretty big odds swings after my initial post (~3 days before start of the round) so I am comparing the closing odds (to demonstrate how poorly the ‘market’/bookmaker did on this round as well). Four strong favorites for the round ended up losing (50% bookmaker accuracy) which included 3 games we staked on. In particular:

  • St George lost to Warriors after becoming strong (1.65) favorites when it was announced Warriors dropped six players from the team. When we staked on this game we locked in odds on St George at 2.45 so it actually became a game which we had a high probability of a decent return, but alas St George couldn’t do it!!
    • As a side note, the opening and closing odds of St George represented one of the best hedging opportunities of the year which I will discuss in an upcoming post on arbitrage/hedging
  • Rabbits (strong 1.35 favorites) lost to West Tigers

  • Bulldogs (reasonably strong 1.65 favorites) lost to Parramatta

  • Brisbane lost to Sharks (28-30) after a strong (but not strong enough) come back in the second half

Aside from this we did have a win on Melbourne at odds of 1.50 ($50 profit).

Needless to say that the three staking losses made a reasonable impact on the overall bank taking a $250 chunk off our $2,513. This took our bank back down to $2,263, however this is still $63 above our initial bank so we are still in the black. Its just unfortunate that we “lost” an opportunity to increase our profit margins to sustain potential future losses.

Predictive Results

Given:

mTP = Models true positives

mFP = Models False positives

mPrec = Models precision (equivalent to accuracy in this case)

bTP = Bookmakers true positives

bFP = Bookmakers False positives

bPrec = Bookmakers precision (equivalent to accuracy in this case)

Table of results

Predictive model vs bookmaker precision by round
round_no season mTP mFP bTP bFP mPrec bPrec
9 2016 3 5 4 4 0.375 0.5
round_no game_no tip_text perceived_odds implied_odds result
9 1 South Sydney Rabbitohs to win against Wests Tigers while Home 1.26 1.35 Incorreclty picked
9 2 Canterbury Bulldogs to win against Parramatta Eels while Away 1.43 1.67 Incorreclty picked
9 3 Canberra Raiders to win against Penrith Panthers while Away 1.57 2.36 Incorreclty picked
9 4 Sydney Roosters to win against Newcastle Knights while Home 1.35 1.14 Correctly picked
9 5 North Queensland Cowboys to win against Manly Sea Eagles while Away 1.39 1.28 Correctly picked
9 6 St George Illawarra Dragons to win against New Zealand Warriors while Away 1.36 1.65 Incorreclty picked
9 7 Melbourne Storm to win against Gold Coast Titans while Away 1.47 1.81 Correctly picked
9 8 Brisbane Broncos to win against Cronulla Sharks while Away 1.60 1.88 Incorreclty picked

Staking results

Initial bank = $2,200

Previous Round Bank = $2,513.03

Current bank = $2,263.03

Total round profit/loss = -$250

Total profit/loss to date = 63.03

Round Staking results = 1 out of 4 bets correct

Staking results to date = 7 out of 14 bets correct

ROI (Total profit / Initial Bank) = 2.8%

Table of staking results to date
round game_no BET.STATUS BET.DETAILS STAKE RETURN PROFIT BANK
2 6 5 Win Penrith Panthers v Nth Queensland Cowboys / Head To Head / Nth Queensland Cowboys @ 1.67 50 84 34 2234
3 6 5 Win Penrith Panthers v Nth Queensland Cowboys / Head To Head / Nth Queensland Cowboys @ 1.67 60 100 74 2274
4 7 4 Lose Canterbury Bulldogs v New Zealand Warriors / Head To Head / Canterbury Bulldogs @ 1.90 114 0 -40 2160
5 7 7 Win Wests Tigers v Melbourne Storm / Head To Head / Melbourne Storm @ 1.52 107 163 15 2215
6 7 8 Lose Sydney Roosters v Penrith Panthers / Head To Head / Sydney Roosters @ 2.45 110 0 -95 2105
7 8 4 Win Nth Queensland Cowboys v Parramatta Eels / Head To Head / Nth Queensland Cowboys @ 1.38 100 138 -57 2143
8 8 5 Win Cronulla Sharks v Penrith Panthers / Head To Head / Cronulla Sharks @ 1.60 100 160 3 2203
9 8 7 Lose St George Illawarra Dragons v Sydney Roosters / Head To Head / Sydney Roosters @ 1.70 50 0 3 2203
10 8 8 Win Melbourne Storm v New Zealand Warriors / Head To Head / Melbourne Storm @ 1.67 100 167 70 2270
11 8 1,2,3,5,8 Win Brisbane Broncos / Canterbury Bulldogs / Canberra Raiders / Cronulla Sharks / Melbourne Storm @ 5.85 50 293 313 2513
12 9 1 Lose South Sydney Rabbitohs v Wests Tigers / Head To Head / South Sydney Rabbitohs @ 1.45 100 0 213 2413
13 9 2 Lose Parramatta Eels v Canterbury Bulldogs / Head To Head / Canterbury Bulldogs @ 1.90 100 0 113 2313
15 9 6 Lose New Zealand Warriors v St George Illawarra Dragons / Head To Head / St George Illawarra Dragons @ 2.45 100 0 13 2213
16 9 7 Win Gold Coast Titans v Melbourne Storm / Head To Head / Melbourne Storm @ 1.50 100 150 63 2263

For those who have contributed to the initial bank, the break down of your contribution and what you are currently entitled to is below. It’s pretty self explanatory with the main column being ‘entitlement’. This is how much you are entitled given your initial contribution. The gain (in dollars) is the amount of profit/loss you have currently made on your investment

Contributors investment entitlements

ID initial_bank current_bank cont_amount entitlement gain
1 2200 2263.03 1000 1028.650 28.650
2 2200 2263.03 500 514.325 14.325
3 2200 2263.03 200 205.730 5.730
4 2200 2263.03 100 102.865 2.865
5 2200 2263.03 100 102.865 2.865
6 2200 2263.03 200 205.730 5.730
7 2200 2263.03 100 102.865 2.865

Results to date

Predictive model vs bookmaker precision by round
round_no season mTP mFP bTP bFP mPrec bPrec
1 2016 5 3 5 3 0.625 0.625
2 2016 7 1 6 2 0.875 0.750
3 2016 4 3 2 5 0.571 0.286
4 2016 3 5 7 1 0.375 0.875
5 2016 3 5 6 2 0.375 0.750
6 2016 7 1 4 4 0.875 0.500
7 2016 5 3 5 2 0.625 0.714
8 2016 7 1 7 1 0.875 0.875
9 2016 3 5 4 4 0.375 0.500

NB these are results as posted - remodelling of round 4 and 5 considerably improved these results as explained in Results to date

Conclude

OK, lets hope for a good round 10!