Cincinnati Bengals vs. Dallas Cowboys Odds
Bengals Odds | -340 |
Cowboys Odds | +275 |
Over/Under | 41.5 (o -112 / u -108) |
Date | Sunday, September 18 |
Time | 4:25 p.m. ET |
Channel | CBS |
*Odds via FanDuel as of Sunday morning
The Action Network has developed a betting algorithm using historical data that has returned $19 profit for every $100 wagered since 2005.
That means these types of spread bets have a 19% ROI since the George W. Bush administration.
The algorithm works by targeting specific parameters. One of those parameters for this algorithm involves interpreting public tracking data regarding where people are placing their money across sportsbooks.
That data is also proprietary to the Action Network.
If a team's metrics and the game's metrics don't follow these specific parameters, then the pick doesn't apply to this betting system.
This type of spread bet has only applied to 257 NFL games since 2005, but it's been enough to be correct 61% of the time.
If you had bet $100 on each game that has fit this particular betting algorithm, you'd be up about $4,800 — that's roughly $300 per year.
Compare the 19% ROI to the average annual return of the S&P 500, which has hovered at around 8% for over a century. That index is down about 19% year-to-date. Meanwhile, Bitcoin, for instance, is down about 58% during that same timeframe.
Still, despite similar principles regarding long time horizons and sample sizes, don't use this betting algorithm as an alternative to investing in the stock market. Sports betting inherently has more variance game-to-game.