Quantity vs. Quality in Sports Gambling – A Simple Example
Weve all heard a handicapper or sports gambler boast of their ability to win at a 60% or better clip. Is it possible to win at that percentage over a short period of time? Absolutely. If someone is able to maintain that winning percentage over the course of years enjoy your riches, and I wish you all the luck in the world. Now the truth. Its not going to happen – forget it, 60% is nearly impossible over any substantial length of time. 55%, maybe, but anyone who claims a 60% win rate over multiple sports and seasons is simply lying or they are betting a very small number of games. Dont give up yet however. Below I will show that winning 54 out of every 100 games (54%) can turn a nice profit.
The example below will examine the attainable profits from different amounts a games wagered and different winning percentages of those games. For the sake of argument
someone could claim that they have hit 60% winners betting on sports the past three years, for example. But if they only bet 10 games a year 30 total over the three year span and they win 18 of those, I guess they have...
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