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Author: [Systems & Strategies] Topic: Myths about winning %
gatorsneil75 send a private message View Space | Blog | Friends | Playbook |
gatorsneil75
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#1
Posted: 6/1/2013 1:45:57 PM
Anyone who has been gambling a while will know that you only have to hold a 53% winning percentage to break even over time if the juice is the regular -110. A lot of guys, esp the so called experts, will tell you that the biggest reason most people don't make money betting sports is because they bet too many games. I don't agree and here's why.I will list different amounts of bets below, with the winning % and units won with those bets.

                  Number of bets
                  50     100     150     200     250
winning %
         
    65          13.3    26.5    39.7    53    66.2

    62.5       10.6    21.2    31.9    42.5    53.1       amount of units
                                                                               won
    60          8        16       24       32      40

    57.5       5.4      10.7    16.1    21.5    26.9

    55         2.7       5.5      8.2     11       13.7

As you can see by the chart, you actually come out with more units if you can keep an average of 55% on 250 bets, rather than  65% on only 50 bets. Your units double when you keep a 57.5% over 250 bets, as opposed to 65% on 50 bets. That means you have a 7.5% cushion to double your investment if you play more games. Just something to keep in mind.
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JicJac
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JicJac
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#2
Posted: 6/1/2013 2:34:55 PM
There is alot i would like to say about this post but i dont want to get into it. However, do you realize how difficult it is to maintain 57.5% over 250 plays?
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gatorsneil75 send a private message View Space | Blog | Friends | Playbook |
gatorsneil75
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#3
Posted: 6/1/2013 2:37:18 PM
QUOTE Originally Posted by JicJac:

There is alot i would like to say about this post but i dont want to get into it. However, do you realize how difficult it is to maintain 57.5% over 250 plays?
Just as difficult to hit 65 over 50...but like you said let's not disagree. I was just giving out info.
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JicJac
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JicJac
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#4
Posted: 6/1/2013 2:41:48 PM
Yep..youre right..both task are tremendously difficult and thats why the experts feel that you have a better chance to win at a higher % rate because of fewer games. Sorta like an alligator can run 45 miles per hour for the first 15 feet..lol

Good luck to ya brother
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