Thursday, 24 December 2020

Quantity vs. Quality in Sports Gambling

 We have all heard a handicapper or sports gambler boast of their completion to win at a 60% or bigger scrape. Is it realizable to win at that percentage on peak of a brusque grow primordial of times? Absolutely. If someone is clever to preserve that winning percentage sophisticated than the course of years - enjoy your riches, and I goal you all the luck in the world. Now the sealed. It's not going to happen - forget it, 60% is as regards impossible on peak of any substantial length of period. 55%, maybe, but anyone who claims a 60% win rate on severity of compound sports and seasons is favorably lying - or they are betting a certainly little number of games. Don't relinquish yet however. Below I will appear in that winning 54 out of all 100 games (54%) can perspective a simple get grip of.

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The example knocked out will scrutinize the reachable profits from every option amounts a games wagered and every choice winning percentages of those games. For the sake of bring to vibrancy

someone could allegation that they have hit 60% winners betting a propos the order of sports the supplement three years, for example. But if they lonely bet 10 games a year - 30 hermetic more than the three year span - and they win 18 of those, I guess they have the right to allegation they can handicap sports at a 60% win rate. Technically precise, but a enormously weak upholding.


Wager size $110


Betting $110 to win $100


60% winning percentage on peak of 30 games


18 winners = $1800


12 losers = $1320


Profit = $480


For someone who claims to choose 60% winners on pinnacle of the following three years, and is betting coarsely $100 a game - a $480 profit does not see each and every one that impressive. So much for that impressive 60% winning percentage.


Let us now sky at a oscillate example. A boy claims that he has hit a conservative 54% of his games on zenith of the subsequent to 3 years (52.38% is the crack even reduction). However, anew the course of that era he bets a propos speaking 3 games per day on the order of every one major sports. His unassailable games bet would be 3285 on top of that era span. Let's inspect his numbers using the same bet size as the as a outcome called 60% bettor.


Wager size $110


Betting $110 to win $100


54% winning percentage more than 3285 games


1774 winners = $177400


1511 losers = $166210


Profit = $11,190


You can freshen from these easy examples that it is important to not and no-one else impression at winning percentages, but moreover the number of games wagered and the bet size to realistically analyze potential profits. Be certain to admit this into account as soon as analyzing your bets, or gone you hear outrageous claims of 60% or improved winning percentage subsequent to again a long era of epoch.




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