Sports Betting Has a High Winning Percentage

Sports Betting Has a High Winning Percentage – Remember earlier when we talked about the magic number needed to break even weeks in sports betting? If you read enough about sports betting, you can hear this number over and over again: 52.4%. If a bettor can win 52.4% of his bet, he can break even. Where did that number come from?

Sports Betting Has a High Winning Percentage

When betting the spread, you hit -110 odds. Sometimes, sportsbooks may offer a -105 line as a promotion or to welcome a new venture. But mostly, if you bet against the spread, you get -110. Pengeluaran Bullseye

Sports Betting Has High Winning Percentage

We pulled that 52.4% break-even figure right away from the odds. -110 equals 11/10. That means if you bet 21 games, you have to win eleven of them and lose ten of them to break even completely. Even against -105, you still have to win 51.2% of the time just to break even.

If you don’t believe the basic math behind this break-even commitment, take a look at other real-world examples. Let’s say you’re really into sports betting after your Cowboys smeared the Redskins and you come home with a nice fat wallet. You then bet on the next 10 Cowboys games, winning six and losing four.

That record 60% bet (with the traditional -110 odds against spread betting in soccer) could land you a $160 profit. Think about it—your $600 profit on the 6 winning bets minus the $440 lost on the losing bet leaves $160. You need $1,100 to win $160, meaning you have to bet $6.87 to win $1 on average. So you see a small difference in the 52.4% win rate and the 60% win rate—within 7.3 points of that rate there are hundreds of dollars in profits. Data Singapore

Now imagine that you lost one of the six winning bets, leaving you along with a 50% betting record. You spent a total of $1,100, won $500, and lost $550. That means in total your 50% note drain your wallet by $50. That’s where skill can take you. Not even winning half the time is good enough to break even in sports betting.

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