vyperats Posts:47 Followers:1
On 04/16/2013 08:04 AM in MLB

sports betting info

There are only a few handicappers in the world
That can hit higher than 55% on straight bets. Anyone who
Tells you differently is just bold faced lying. I should know; My Best friend’s dad works for MGM. If everyone hit
55% of their games the sports books would eventually go
Out of business.
Think about it: If you bet $1,000 a game, over the course of
1000 games with 5 cent juice available at a reduced juice
sportsbook, and you hit 55% you would profit $77,500.
If you hit 58% of those same games you would profit
I’m not sure if you’re aware of this, but the MAGIC NUMBER
To remember is 52.4%. This is the win percentage you
Need to achieve to make a profit betting on football and
Basketball with typical 10 cent juice. If you bet all the games individually
For your normal bet amount, stick to money management
You will have nice profit! Want to be sports bettors think
You should win 90% if that was true Vegas would go under
And you are a billionaire!! LOL Right!!

finance Posts:8944 Followers:230
04/16/2013 10:25 AM

My observations over the years is that money management is the root of most gamblers' problems, whether it's sports betting or in the casino....chasing, chasing, chasing.....hardest thing to remember is there will always be more things to bet tomorrow and it is a marathon not a sprint....

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  • 04/16/2013 10:26 AM

    BTW not preaching just observing - I'm just as bad as anyone else with this issue - LOL

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yisman Posts:834 Followers:62
04/16/2013 04:01 PM

yes, that is obvious

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  • 04/16/2013 04:02 PM

    I've yet to see anyone who can hit 55% on straight bets.

    Obviously if everyone did 55% the books would go broke. If everyone even hit 53% the books would go broke. But the books balance the action. It's impossible for everyone to hit 50% even.

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endymion Posts:391 Followers:18
04/17/2013 05:45 AM

The spread bets are too well balanced and it's extremely hard to cap them better than the bookies. If you want to make money, you should look at smaller markets where it's possible to have an edge, e.g. over 3.5 in soccer, underdog MLs (because ML bets sometimes don't balance very well with more money going on the favorite and the bookies have to adjust), etc.

  • 04/17/2013 05:49 AM

    Unless you're one of the few who CAN cap them better than the bookies of course. Then you can bet on the spread but you have to be very precise in game selection and money management. If you bet the whole card, you WILL lose no matter how well you cap. And it takes a very long time to be sure that you can actually beat the juice.