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Author: [Covers Help] Topic: Is Covers Experts Misleading people?
BRYGUY
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BRYGUY
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Prospect
Joined: Jan 2009
Posts: 14
Location: Ontario
#1
Posted: 3/30/2011 12:06:24 PM
Looking at the LAST 10 PICKS section for Covers Expert Ben Burns, it seems he and the other "Experts" seem to report the amount they bet as their profit and not the actual profit you would have made given the betting line.
http://experts.covers.com/handicapper.aspx?ce=257317
For example, check his pick on the Montreal Canadiens last night.
http://experts.covers.com/idinfo/SubscriptionPickPostDetail.aspx?pdid=167186
  He rates it a 7-star pick and gives himself a profit of 700 units (7 units x $100, I guess)
In fact, if you bet 7 units on Montreal (-170 Money Line) , your profit would have been 7 x 100/170 or 5.88 units -- NOT 7, or 700 for that matter.
And don't tell me that what he meant was to bet the puckline (-1.5 goals) as that would have paid about +180 and is not mentioned anywhere in his analysis.
Please tell me how Covers Experts is not completely misleading potential customers hoping they're not smart enough to notice.
quote
BRYGUY
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Sports Interaction |
BRYGUY
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Prospect
Joined: Jan 2009
Posts: 14
Location: Ontario
#2
Posted: 3/30/2011 12:28:15 PM
Correction:
  7 units x 100/170 is 4.11 units of profit, not 5.88.
411 units would only be 41% less profit than he is reporting, but I guess we're no supposed to see that.
quote
BRYGUY
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Sports Interaction |
BRYGUY
Participation Meter
Prospect
Joined: Jan 2009
Posts: 14
Location: Ontario
#3
Posted: 3/30/2011 2:18:24 PM
Okay, I figured it out.
The Covers Experts state their results based on the payouts -- not the bets.
In my example above, nowhere is it mentioned that you would have had to bet 11.9 units to win 7, but they do correctly state the amount you would have lost (for example 1100 on a 10 unit (-110) bet.)
Its very confusing, but it seems they're not misleading people.
My apologies.
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