Quantity vs. Quality in Sports Gambling - A Simple ExamplePosted by Nick Niesen on October 27th, 2010 We?ve 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. It?s 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. Don?t 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 Wager size $110 Betting $110 to win $100 60% winning percentage over 30 games 18 winners = $1800 12 losers = $1320 Profit = $480 For someone who claims to pick 60% winners over the past three years, and is betting roughly $100 a game ? a $480 profit does not look all that impressive. So much for that impressive 60% winning percentage.
Wager size $110 Betting $110 to win $100 54% winning percentage over 3285 games 1774 winners = $177400 1511 losers = $166210 Profit = $11,190
Good luck with your wagers, and I wish you the best of luck this year! Like it? Share it!More by this author |