![]() There were some administrative costs, such as the expense of running servers to keep track of the odds in real time. After five months the team had made a profit of $957.50 – a return of 8.5 per cent. They kept this up for five months, placing $50 bets around 30 times a week.Īnd they were winning. When a favourable opportunity arose, a member of the team would email Kaunitz and his wife, one of whom then placed a bet. They developed an online tool that would apply their odds-averaging formula to upcoming football matches. ![]() Then the team decided to try betting for real.
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