How does the odds range filter work?
The odds range filter is a filter for post drop odds (before de-vigging), it allows you to set a lower and upper bound. If the post drop odds fall outside of these values you will not receive the dropping odds alert.
Recommended odds range
We recommend you set your odds range to 1 to 3.5 (+250). Other odds ranges can work well but after analysing thousands of alerts we believe this odds range works best for beginners when taking into consideration variance and turnover.
Effect on variance
The longer (higher) your odds the more likely you are to string together a series of losses. These losses can take you beneath your expected profit for a considerable amount of time. This is called negative variance and it’s the most emotionally challenging thing that any value bettor goes through.
One way to reduce negative variance is to only bet on relatively short odds so that you don’t string together lots of losses. This won’t have any impact on how much money you make in the long term, in fact, if you end up not placing bets on high-value opportunities because the odds are too long then you might be leaving money on the table but for many people, it’s worth it as big downswings can be hard to endure and they can cause bettors to start to act irrationally. (5 Tactics to Reduce Variance)
