i have a question......

[dishwasher]

what is the winning percentage I need to achieve profit if im betting odds of minus 280? im back testing a college basketball system where im buying points and its performing at around 75% win rate. is that percentage high enough to get a profit when betting - 280 odds? thank you in advance.

[Grits n' Gravy]

You will squeeze out a very tiny profit if you can consistently hit at 75% or more.

The far more likely outcome though is you hit a cold patch and go broke.

[LT Profits]

73.7%

[RudyRuetigger]

73.69% is assuming no vig

[Seaweed]

It works

I always buy points

[LT Profits]

73.69% is assuming no vig

Well he said betting -280, so safe to assume those are his actual odds ignoring vig.

[dishwasher]

thanks guys. im still testing the system and if the percentages hold at 75% or better I will post the plays and we can keep track of it. give me a day or so to finish the test and we will see what the ending numbers are. thanks again guys.

[zizoudane10]

Not trying to be an asshole here, but if you can't do the maths for your question.... Doubt you can create any model that works...

[dishwasher]

one more thing: the minus 280 odds are not written in stone. some times when im buying points it can be as low as -245 and other times it can be as high as -300. I just put -280 as an example.

[dishwasher]

Not trying to be an asshole here, but if you can't do the maths for your question.... Doubt you can create any model that works...

its ok. you can be an asshole.

[jjgold]

seems not worth it

[smoke a bowl]

what is the winning percentage I need to achieve profit if im betting odds of minus 280? im back testing a college basketball system where im buying points and its performing at around 75% win rate. is that percentage high enough to get a profit when betting - 280 odds? thank you in advance.

To figure out the breakeven percentage on a given price you take the total risk of your bet -280 here so 280 and divide it by the total position of your bet which is 380 (280 to win 100 280 +100) so 280/380 = 73.68%. So if you were inquiring about the price of +140 instead y0u would take the total risk which is 100 and divide it by the total position which is 240 (100 to win 140 so 100 +140) so 100/240 which is 41.67%. So you would have to hit 41.67% to breakeven at the price of +140. Hope this helps.

[Scorpion]

what is the winning percentage I need to achieve profit if im betting odds of minus 280? im back testing a college basketball system where im buying points and its performing at around 75% win rate. is that percentage high enough to get a profit when betting - 280 odds? thank you in advance.

http://www.sportsbookreview.com/betting-tools/spread-ml-converter/

[Scorpion]

It works

I always buy points

[zizoudane10]

its ok. you can be an asshole.

[Grits n' Gravy]

I think Brock was doing something like this with chalk ml bets. Ended real well for him.

[Booya711]

10 inches

[dishwasher]

10 inches

its ok. you can also be an asshole.