Introducing WiseStats db!

Reprinted from the Bet Smart Media blog

CC Sabathia just threw the first pitch of the 2011 MLB season — a strike right up the gut to Austin Jackson.

The Detroit Tigers are in New York to take on the Yankees in the season opener. Baseball is back, and for those of us that like to spice things up by putting a few bucks on the game, things are going to be different this year. There’s a new weapon to add to the arsenal, a weapon that is unlike anything you’ve ever used before. It’s called WiseStats db, and starting today, it’s available for you to try out.

What does it do, exactly?

Let’s come back to this season opener between the Tigers and Yankees. If you wanted to put a few bucks on this game, how would you decide which team to bet on?

One increasingly popular way to try and predict the winner is to look at how a team performs in a specific game situation — what we call a “Scenario” on WiseStats db. By looking at different scenarios that are ‘in-play’ for a game, you can use WiseStats db to see how a team has historically performed in those scenarios.

For example, today’s season opener is being played in New York, so the Yankees are the home team. That is an example of a scenario for the Yankees — how have they historically performed against the Tigers when playing at home? WiseStats db allows you to answer that question.

With the easy-to-use interface, you can define your Scenario — if you click the thumbnail to enlarge, you can see that we’ve set things up to see how the Yankees have done at home against the Tigers since 2007.

Once you have finished defining the Scenario, WiseStats db will look for historical games between the Yankees and Tigers where the Yankees played at home. For every Scenario, WiseStats db tells you:

• The number of times it’s happened: in this example, we can see that there have been 14 games where this scenario has been ‘in play’ since 2007.
• Your team’s win-loss record in that Scenario: of those 14 games, the Yankees have won 9 times, representing a 64.29% win rate.
• Money won/lost: using the actual odds from each of those 14 games, WiseStats db shows you how much money you would have won/lost by betting on the Yankees every time (using $100 unit sizes).
• Return on Investment (ROI): based on how much money the Scenario has won/lost, WiseStats db will show you the ROI, which is a measure of profitability for the Scenario.

WiseStats db returns these results for your Scenario in a matter of seconds.

If the Scenario has a profitable ROI – as this example does – then you may infer that historical outcomes suggest that the Yankees will win against the Tigers today. And with that information, you can bet on the Yankees with confidence knowing that they have performed well in this scenario in the past!

The best part of WiseStats db, though?

Follow scenarios!

As you uncover profitable scenarios, you can choose to ‘follow’ them. WiseStats db will look every day at all of the scenarios you follow to see if any of them are “in play” for upcoming games. If they are, WiseStats db will send you an email alert to let you know! This saves you time and headaches trying to manually figure out whether the scenarios you follow are in play. Instead, use the information in the alerts and go straight to placing your bet!

And that is WiseStats db. Use it to find profitable game scenarios for teams you like. Follow as many scenarios as you like. Get alerts when they’re in play. Place your bet with confidence.

WiseStats db is now available for you to try out, but you have to request access for the time being! Don’t worry, if you ask, we’ll give it to you =).

For now, though, let’s see if WiseStats db is right about the Yankees winning at home today against the Tigers. Play ball!