I finally got around to looking at the ATP tour results going back to 2015, and the results by round are here:
Backing the underdog in these games is a loss maker too, down 6.13 points at Pinnacle's prices, although at best this strategy would show a 1.85 point gain.
In theory, backing all favourites at the best prices would have won you 19.83 points, representing an ROI of 0.28%, but that's a miserable return given the time required to follow such a 'system'.
The full results are here:
One thing that does stand out, which you should all know by now anyway, is what a difference just a 0.01 difference in the price achieved makes over a large number of bets.
It reminds me of the huge difference in returns from investing in low cost index funds and higher cost managed funds. It's easy to ignore a 0.25% difference in fees per year, but over 30 or 40 years it adds up to a significant amount of money.
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