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

 
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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%
 
Click to expand...
Yep!

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

 
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%
 
Click to expand...


I didn’t know that. Interesting.  Thanks. 

 
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