Bet or Bank?
There's a famous line by somebody that "the dice have no memory", an allusion to the startlingly obvious fact that inanimate objects - spotted or otherwise - are bereft of the necessary cerebral capacity to recall what they did last, and are therefore unable to take account of their previous behaviour when they 'decide' (which they don't do either) what to do next.
As the Alzheimic dice, so the Funds.
Clearly, none of the Funds has spent any time reflecting on last week's glory and thought to itself "Might have a quiet weekend and make that Sportsbet bookie sweat a bit", nor have any of them suddenly become more concerned about the possibility of late-season tanking, which are reasonable thoughts and sentiments that I'm sure more than one Investor has entertained this week.
With this in mind I decided to review how the various Fund algorithms would have performed had we been using them over the closing rounds of previous seasons. This analysis shows that the Funds have generally performed fairly well from this point in the season onwards, rarely losing, often doing just a little better than breakeven, and occasionally piling on the percentage gains. Then again, football results have no memory either ...
Anyway, if you're at all keen to take a few weekends off from wagering - if nothing else so that you can start enjoying games again - please let me know and we can sort out a strategy for you for the remainder of the season.
Stakes at Stake
Investors in the Recommended Portfolio have 19 wagers to shepherd this weekend, covering all but the Friday-night game yet again.
New Heritage has outlayed cash on 4 teams totaling about 21% of the Fund. The largest wager is 13.3% on the Dogs who are again at an apparently backable unbackable $1.04 this weekend. This Fund's highest-priced wager is 0.7% on Melbourne at $3.15. Those with the Recommended Portfolio and MIN#015 would prefer this bet to lose, however, as they also have a head-to-head bet on the Roos and will fare better if the Dees go down. MIN#001 and MIN#017, in contrast, want the Dees to win, and MIN#002 cares not for the outcome. So, this is a contest where I can't hope to make everybody happy.
Prudence has identified 5 gold-plated opportunities totalling just 15% of the Fund. Its largest outlay is 6% on the Dogs and its riskiest is 2.3% on Fremantle at $2.35.
Hope has 2 wagers both in the 4.6% to 4.8% and the largest - 4.8% on Fremantle - is also the riskiest.
Chi-squared, exhibiting perhaps the most Alzheimic behaviour of all, has splashed out again with 4 wagers totalling 45% of the Fund, including 14.3% on Fremantle (at $2.35) and 13.8% on Essendon at $2.25, in what appears to be a quest to achieve profitability or, like some of the MAFL Small Cap Mining Stocks, to go broke trying.
Line Redux has plumped for 4 wagers, each sized 5% as is customary, 3 of them on underdogs and the other on a favourite. The Line Redux Fund has been in fine form of recent weeks, landing 15 of 22 wagers across the last 6 rounds. Unfortunately this performance back-ended a 14 from 32 start to the season, though it has been enough to nudge the Line Redux Fund into its highest level of profitability since Round 4.
(Two line markets are yet to be posted - those for the Richmond v Sydney and the Kangaroos v Melbourne clashes - but I'm not expecting we'll have a wager in either. As usual, I'll confirm this once the markets are posted.)
Ready Reckoner
Here's what all the wagering means for your Portfolio:
Once again this weekend, Investors care deeply about the fate of Port, though now the guernsey's on the other back (or something like that), since this week we want Fremantle to prevail over the Power. What's driving this interest is the fact that every Fund has a wager on Fremantle, a situation from which Investors are 3 from 4 this season, missing out only when the Swans went down to Essendon in Round 15.
The Essendon v Brisbane Lions and the Dogs v Eagles matchups are also of considerable interest to most Investors.
Tipping
This week there's only one unanimous favourite amongst the MAFL tipsters.
We have:
* Geelong 9-4 favourites over Carlton, with only Shadow supporting the Blues from amongst the MAFL Top 6 tipsters.
* The Dogs unanimous favourites over the Eagles.
* St Kilda 12-1 favourites over Hawthorn. Only HSH is tipping the upset, though Chi has the Saints winning by just a point and so has this as his Game of the Round.
* The Lions 10-3 favourites over Essendon. None of the MAFL Top 6 are tipping the Dons.
* Adelaide 8-5 favourites over Collingwood. None of the MAFL Top 6 are tipping the Pies, though ELO has the Crows emerging victorious by just 3 points, making this one of its two Games of the Round.
* The Roos 11-2 favourites over the Dees, with only STM II a credentialled tipper opting for the current Spooners.
* Richmond 9-4 favourites over Sydney, though Sydney has ELO, CTL, Shadow and Silhouette all tipping the upset. ELO has the Swans winning by just 3 points, making this its second Game of the Round.
* Port Adelaide 10-3 favourites over Fremantle, with none of the Freo support coming from the Top 6 MAFL Tipsters.
Four matches will, therefore, potentially affect the rankings amongst the top 6 tipsters: Geelong v Carlton, Adelaide v Collingwood, Kangaroos v Melbourne, and Richmond v Sydney.
Line Betting
This week on Line Betting:
* Chi's on Carlton, West Coast, Hawthorn, Essendon, Adelaide, Melbourne (TBC), Richmond (TBC) and Fremantle
* ELO's on Carlton, West Coast, St Kilda, Essendon, Collingwood, Kangaroos (TBC), Sydney (TBC) and Fremantle
For the season, Chi's tipped 71 from 144 (49%) and would have made a 9.48 unit loss on level-stake line betting. ELO's tipped 77 from 144 (53%) and would have made a 1.22 unit profit on level-stake line betting.
(Update at 8pm Thursday: as expected, no bets on the Richmond/Sydney or Kangaroos/Melbourne games. A new download is available with the line market details for these games. Note also that the Hawks are now favourites over the Saints on TAB Sportsbet, so much so that we now couldn't secure the same price head-to-head as we did on Wednesday with 15.5 points start. This is due to the major outs for the Saints, viz. Riewoldt, Montagna, Goddard, Hayes and Baker. The Hawks/Saints line market is suspended as I type this, as it has been for the past couple of days, but you can be certain that the Hawks will be priced at a lot less than the $1.90 we have locked in.)
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