# Any math people here help me out?

Views: 2279
Posts: 10

Banned
Joined: Sep, 2006
Posts: 2338
#1
Posted:

I hope I can write what I mean and you can comprehend what i'm saying!

A buddy of mine is a losing bettor like most of us.

He picks around 49-51%, plays about 5000 bets a year on average between all sports.

Now, is there any way I can fade his losers and make money or no because the juice will eat me alive?

If he goes 2500-2500, he loses juice and a lot of it. If I were going against his picks, I would have also lost juice.

So, it is a no win situation correct?

He plays the same amount each game, 100 dollars a bet.

Anyways, I just wanted to be sure.....

Banned
Joined: Sep, 2006
Posts: 2338
#2
Posted:

if this guy goes 800-1000. I fade him, so I now go 1000-800.

Doing a 100 dollars per pick. I win 100,000. And lose 88,000. for a profit of 12,000?

He loses 110,000 and wins 80,000, for a net loss of 30,000.

Fuckkkin juice eats the profits right up!

I cant think of a way to profit off of this unless I could get 0 juice which is impossible......

Captain
Joined: May, 2012
Posts: 5318
#3
Posted:

Not trying to be a wise guy but I think you need to find something that does better than 50%. With that low juice you could always run a labby line (or multiple lines), but be aware of those 10 game losing streaks.

Veteran
Joined: Mar, 2008
Posts: 3548
#4
Posted:

if this guy goes 800-1000. I fade him, so I now go 1000-800.

Doing a 100 dollars per pick. I win 100,000. And lose 88,000. for a profit of 12,000?

He loses 110,000 and wins 80,000, for a net loss of 30,000.

Fuckkkin juice eats the profits right up!

I cant think of a way to profit off of this unless I could get 0 juice which is impossible......

just bet against him, be his bookie.

Banned
Joined: Sep, 2006
Posts: 2338
#5
Posted:

Quote Originally Posted by Bart_:

just bet against him, be his bookie.

How? In my example above. He loses 1000 games, at 100 per game and the 10% vig, he loses 110000. He wins 80000, for a net loss of 30000.

If I bet against him, I only win 12000! Not the 30000, because I cant win his "juice", im not a bookie.

Example: last night, you bet dolphins for 100, you lose 110. I bet Tampa for 100, I only win 100. I dont get any "juice".

Now, flip the script. Sunday, hey bet NO for 100, I bet dallas, I lose -110, he wins the 100. Only the bookies can win the juice.

See what I mean now? You would need someone to win at a 30% rate which is close to impossible.

Captain
Joined: May, 2012
Posts: 5318
#6
Posted:

I think Bart meant to take his action and act as his bookie. You win the \$30k he loses.

Veteran
Joined: Mar, 2008
Posts: 3548
#7
Posted:

Quote Originally Posted by Danrules24:

I think Bart meant to take his action and act as his bookie. You win the \$30k he loses.

Yes.
Split the vig with him.

Veteran
Joined: Jan, 2013
Posts: 1368
#8
Posted:

That's what I do.  A buddy likes to bet \$10 on NFL per game.  For 15 years he's had a \$100 to bet at the start of the season.  3 times he's done well enough to carry over that same amount to the next season, and only once have I had to pay him for his being up at the end of the year.  Already this year, he's at half what he started.

Captain
Joined: Oct, 2009
Posts: 8265
#9
Posted:

That's what I would do, I would book his bet's...

Prospect
Joined: Jan, 2013
Posts: 352
#10
Posted:

Try backing Keynumber, dude hits 90%
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