The Policy Governance® Model. Policy Governance®, an integrated board leadership paradigm created by Dr. John Carver, is a groundbreaking model of governance designed to empower boards of directors to fulfill their obligation of accountability for the organizations they govern. Last year there was a very profitable system using Kenpom rankings betting teams ranked 180 or lower playing another ranking 180 or lower. If anyone remembers the specifics let me know. Choose the tool or programming language based on your knowledge, where you will build a model. The simplest tool for an average bettor, where we still make amazing things are excel and google spreadsheets. Or you go with advanced like python. Accumulate significant data and analyze it. Feb 16, 2021 The model is also up more than $8,400 on top-rated NBA picks over the past two-plus seasons. Dating back to last season, it enters Week 9 of the 2020-21 NBA schedule on a stunning 83-48 roll on top-rated NBA picks against the spread. In principle replacing decisions by specific humans with betting markets should work – the contractor could, when facing a decision like where to put the subway line, make a betting market that pays out if the value of the ConTracked goes up upon that decision being made – but in practice this would be hugely complicated, require massive.
- How To Make A Betting Model In Python
- How To Make A Betting Model In Roblox Studio
- How To Make A Betting Model In Java
- How To Make A Betting Model
Policy Governance®, an integrated board leadership paradigm created by Dr. John Carver, is a groundbreaking model of governance designed to empower boards of directors to fulfill their obligation of accountability for the organizations they govern. As a generic system, it is applicable to the governing body of any enterprise. The model enables the board to focus on the larger issues, to delegate with clarity, to control management's job without meddling, to rigorously evaluate the accomplishment of the organization; to truly lead its organization.
In contrast to the approaches typically used by boards, Policy Governance separates issues of organizational purpose (ENDS) from all other organizational issues (MEANS), placing primary importance on those Ends. Policy Governance boards demand accomplishment of purpose, and only limit the staff's available means to those which do not violate the board's pre-stated standards of prudence and ethics.
The board's own Means are defined in accordance with the roles of the board, its members, the chair and other officers, and any committees the board may need to help it accomplish its job. This includes the necessity to 'speak with one voice'. Dissent is expressed during the discussion preceding a vote. Once taken, the board's decisions may subsequently be changed, but are never to be undermined. The board's expectations for itself also set out self-imposed rules regarding the delegation of authority to the staff and the method by which board-stated criteria will be used for evaluation. Policy Governance boards delegate with care. There is no confusion about who is responsible to the board or for what board expectations they are responsible. Double delegation (for example, to a board committee as well as to the CEO) is eliminated. Furthermore, boards that decide to utilize a CEO function are able to hold this one position exclusively accountable.
Evaluation, with such carefully stated expectations, is nothing more than seeking an answer to the question, 'Have our expectations been met?' The board, having clarified its expectations, can assess performance in that light. This focused approach reduces the mountains of paperwork boards often feel obliged to review. Moreover, those boards which worry that they are only furnished the data management wants to give them find that, in stating their expectations and demanding a relevant and credible accounting of performance, they have effectively taken over control of their major information needs. Their staff no longer has to read their minds.
Policy Governance is a radical and effective change in the way boards conceive of and do their job. It allows greater accountability. Board leadership isn't just rhetoric. It's a reality.
For a comprehensive discussion of Policy Governance®, we suggest:
- Boards That Make A Difference: A New Design for Leadership in Nonprofit and Public Organizations, by John Carver,
- Reinventing Your Board: A Step by Step Guide to Implementing Policy Governance, by John and Miriam Carver,
- John Carver on Board Leadership: Selected Writings from the Creator of the World's Most Provocative and Systematic Governance Model, by John Carver, or
- Corporate Boards That Create Value: Governing Company Performance from the Boardroom, by John Carver with Caroline Oliver.
Learn more about these books on the publications page. All are available at josseybass.com.
A number of individual articles by John and/or Miriam Carver on corporate, NGO, and governmental governance can be found in John's bibliography or in Miriam's bibliography.
Access journal-length articles describing Policy Governance application:
- in equity corporations
– 'A Theory of Corporate Governance: Finding a New Balance for Boards and Their CEOs' by John Carver - in nonprofit (NGO) and governmental organizations
– 'Carver's Policy Governance® Model in Nonprofit Organizations' by John Carver and Miriam Carver
Ever wondered how you are actually doing in sports betting?
Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.
Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):
Bet Tracker Spreadsheet: Instant Insights
If you want to measure your performance and see where you are succeeding and failing, you need to track it.
With this free tool, you can see your performance broken down by various dimensions.
Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.
How to use the spreadsheet
While the spreadsheet is pretty straightforward, I'd like to walk you through how it works.
How to track sports bets
Everything lives in the 'Bet Log' tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.
In the 'Bet Log' tab, blue columns are required while red columns are optional. The more information you input, the more useful the spreadsheet will be.
Entering things like the closing line, while slightly annoying, will also be the most important to your success.
How to analyze performance
Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.
Any yellow cell is an 'input' cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.
How to add more leagues and teams
To add new leagues and teams, you will do so in the 'REF' tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.
Again, the cells available to modify are in yellow. You can add the following dimensions:
- Leagues (ex: WNBA)
- Teams (ex: Chicago Sky)
- Tags (ex: 2nd half)
Bet Tracker Spreadsheet Metrics
Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:
Closing Line Value
Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.
If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.
All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the 'true' closing line was.
Profit
How To Make A Betting Model In Python
Profit is about as simple as it gets. Are you making or losing money?
While this is the 'bottom line', surprisingly it isn't always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.
ROI
This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.
While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.
ROI isn't as predictive of long term winning as CLV, but is useful to track to see where you stand.
Risk
How To Make A Betting Model In Roblox Studio
This one is simple, yet will likely give you insights into where you are putting your money.
If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.
Bankroll
Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.
It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.
Bet Tracker Spreadsheet Dimensions
Having these metrics available is important, but insights really come from slicing the data by different dimensions.
League/Team
Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.
Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.
Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what's working.
Bet Type
Looking at performance by bet type can also shed some light on your process, especially if it is model driven.
Track your performance by the following bet types:
- Spread
- Moneyline
- Total
- Prop
- Future
You can also use the 'Tag' field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put '2H' (or something similar) in the Tag field and 'moneyline' in the bet type field.
How To Make A Betting Model In Java
Date
A common way to analyze performance is to look at metrics trended over time.
Look at any of the metric/dimension combinations above trended over any time period you'd like.
Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.
- Leagues (ex: WNBA)
- Teams (ex: Chicago Sky)
- Tags (ex: 2nd half)
Bet Tracker Spreadsheet Metrics
Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:
Closing Line Value
Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.
If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.
All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the 'true' closing line was.
Profit
How To Make A Betting Model In Python
Profit is about as simple as it gets. Are you making or losing money?
While this is the 'bottom line', surprisingly it isn't always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.
ROI
This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.
While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.
ROI isn't as predictive of long term winning as CLV, but is useful to track to see where you stand.
Risk
How To Make A Betting Model In Roblox Studio
This one is simple, yet will likely give you insights into where you are putting your money.
If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.
Bankroll
Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.
It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.
Bet Tracker Spreadsheet Dimensions
Having these metrics available is important, but insights really come from slicing the data by different dimensions.
League/Team
Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.
Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.
Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what's working.
Bet Type
Looking at performance by bet type can also shed some light on your process, especially if it is model driven.
Track your performance by the following bet types:
- Spread
- Moneyline
- Total
- Prop
- Future
You can also use the 'Tag' field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put '2H' (or something similar) in the Tag field and 'moneyline' in the bet type field.
How To Make A Betting Model In Java
Date
A common way to analyze performance is to look at metrics trended over time.
Look at any of the metric/dimension combinations above trended over any time period you'd like.
Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.
Google Sheets Sports Betting Tracker
The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits:
- Available/online at all times
- Can enter bets on your phone using the Sheets app
- You don't need to be at a computer to enter your bets
- Google Sheets auto saves any changes
- Allows multiple users to be in the sheet at the same time and make changes
How To Make A Betting Model
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