Percentage Needed To Win ?
Suppose you lay a wager of $100, if you win you would collect an equal amount ($100), but if you loss you would lose $110, a fee of 10% (Juice).
(Juice is the bookmaker's commission, also known as vig)
Example:
100 bets in equal amounts of $100 wagered per bet totals $5000. Assume you won 50% of the bets, you would have won on the winning games $5000 and on your losing games you would have lost $5500. The results would be a deficit of $500. Be that as it may the percentage needed to win is actually 52.4%.
Hypothetically, if you won 53 bets of $100 each, out of one hundred bets placed (53%). Your return on the winning bets is $5300 and the losing bets would total $5170.
Bottom line profit is $130 net.
The number you need to have a profitable season in betting Football or Basketball is fifty-three percent (53%) or better. Naturally this % changes according to the juice you lay.
wil.
Suppose you lay a wager of $100, if you win you would collect an equal amount ($100), but if you loss you would lose $110, a fee of 10% (Juice).
(Juice is the bookmaker's commission, also known as vig)
Example:
100 bets in equal amounts of $100 wagered per bet totals $5000. Assume you won 50% of the bets, you would have won on the winning games $5000 and on your losing games you would have lost $5500. The results would be a deficit of $500. Be that as it may the percentage needed to win is actually 52.4%.
Hypothetically, if you won 53 bets of $100 each, out of one hundred bets placed (53%). Your return on the winning bets is $5300 and the losing bets would total $5170.
Bottom line profit is $130 net.
The number you need to have a profitable season in betting Football or Basketball is fifty-three percent (53%) or better. Naturally this % changes according to the juice you lay.
wil.