How To Read The Index v2.0 – The Sharp Plays Index uses a calculation of the public’s performance and the sharp’s performance to visually illustrate who has the momentum (is winning) for the sport illustrated in the chart. The Index can range from VERY PUBLIC at -5 to VERY SHARP/VALUE at +5. So when the Index is above 0 and increasing, the sharp/value side is in control. When the Index is below 0 and decreasing, the public is in control. The TSP-I line in the chart above is the cumulative overall performance of sharp & public money in the market combined across all sports. The Index is updated every morning based on the previous day’s action. Don’t forget to check the Algorithms page for today’s plays and information.
I know the natural inclination is how the hell could you use financial market technical analysis tools to predict whether the sharps or public are going on a run. It’s actually not that difficult. In financial technical analysis you use a stock’s price and calculations off price movements to calculate things like RSI, MACD, etc. in an effort to see where the stock is going. Technically, performance of the public or sharps as a whole can be tracked similarly and then analyzing that to show momentum doesn’t become that hard. It’s complicated but there’s no magic involved. After years of watching the ebb and flow of sharps and public in this business you start to see correlations. I kept tracking those correlations and then finally developed a tool to map those movements with The Sharp Plays Index. Again, it is VERY early in the testing process and building a sample size but I must say, I am pleased with the results and predictive information the index has provided thus far! How best to use the chart? If you are betting a sport and the public is in control, you might not want to fade them. If the sharps are in control, you might want to follow the sharp money. I never advise following the public or fading the sharps regardless of the chart. It’s a personal decision though for me. You may feel differently.