Jump to content


College Gameday and College Football live info


C N Red

Recommended Posts



2 hours ago, KCBuc said:

ESPN handicapper is 57%. Lol why have him even on TV? 

I thought the same thing when I saw it, but one of my degen gambler friends corrected me.  Its volume and only being slightly better than a coin flip to be considered a good sports gambler (essentially, 57% is killing it).  See below (his text to me when I brought up the same issue):

 

It’s vig and volume related.

Risk $110 to win $100 standard

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 50% of those still lose $50,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 55% of those win $55,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 60% of those win $160,000

Now win 55% risking $1,100 to win $1,000 every play and you clear $550,000 a year. Not bad for airing on your couch drinking beer

Hitting 52.38% winnings is essentially your break-even point at 10% juice. So that shows the power of the vig. Always try to save and find a lower juice as it’s is worth a ton of “real” money

Same scenarios from above but w 5%
50/50 win net -$25,000 (vs -50k)
55/45 win net $77,500 (vs 55k)
60/40 win net $180,000 (vs 160k)
55/45 win (1k per game) net $775,00 (vs 550k)
Breakeven at 5% is 51.2%
 

  • Plus1 2
Link to comment
5 minutes ago, BOJ said:

I thought the same thing when I saw it, but one of my degen gambler friends corrected me.  Its volume and only being slightly better than a coin flip to be considered a good sports gambler (essentially, 57% is killing it).  See below (his text to me when I brought up the same issue):

 

It’s vig and volume related.

Risk $110 to win $100 standard

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 50% of those still lose $50,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 55% of those win $55,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 60% of those win $160,000

Now win 55% risking $1,100 to win $1,000 every play and you clear $550,000 a year. Not bad for airing on your couch drinking beer

Hitting 52.38% winnings is essentially your break-even point at 10% juice. So that shows the power of the vig. Always try to save and find a lower juice as it’s is worth a ton of “real” money

Same scenarios from above but w 5%
50/50 win net -$25,000 (vs -50k)
55/45 win net $77,500 (vs 55k)
60/40 win net $180,000 (vs 160k)
55/45 win (1k per game) net $775,00 (vs 550k)
Breakeven at 5% is 51.2%
 

Yep!

 

Being great at gambling doesn't mean hitting 80% of your wagers.  shoot if you hit 65% of them you are a god.

  • Plus1 2
Link to comment

2 hours ago, BOJ said:

I thought the same thing when I saw it, but one of my degen gambler friends corrected me.  Its volume and only being slightly better than a coin flip to be considered a good sports gambler (essentially, 57% is killing it).  See below (his text to me when I brought up the same issue):

 

It’s vig and volume related.

Risk $110 to win $100 standard

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 50% of those still lose $50,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 55% of those win $55,000

Now do that 10000 times a year so risk $1,100,000 to win $1,000,000. If you win 60% of those win $160,000

Now win 55% risking $1,100 to win $1,000 every play and you clear $550,000 a year. Not bad for airing on your couch drinking beer

Hitting 52.38% winnings is essentially your break-even point at 10% juice. So that shows the power of the vig. Always try to save and find a lower juice as it’s is worth a ton of “real” money

Same scenarios from above but w 5%
50/50 win net -$25,000 (vs -50k)
55/45 win net $77,500 (vs 55k)
60/40 win net $180,000 (vs 160k)
55/45 win (1k per game) net $775,00 (vs 550k)
Breakeven at 5% is 51.2%
 

 

I didn’t know that. Interesting.  Thanks. 

 

Link to comment

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...