Is winning 53% profitable?

[indio]

I know people are winning their bets and still losing money because of the crazy drop in bitcoin price now

Congratulations, you have been nominated for the dumbest sentence written in public on any blog in 2017.

[LT Profits]

Congratulations, you have been nominated for the dumbest sentence written in public on any blog in 2017.

I think you entirely missed his point. Capitols is referring to guys that play at Bitcoin books such as Nitrogen.

[MaddyMax]

Let me ask this if a person were to win in sports betting 53% of their bets is this truly profitable when you consider the amount of games that end in a push ? What would be the correct winning percentage including pushes to be profitable ?

This is the dumbest question ever. Winning % means nothing without the odds played. Most american gamblers are brain washed by touts touting fake winning %. Its funny when touts 58% winning rate by playing -130 to -150 lines and claim they are making a killing.

Yield is the number that truly measures a capper.

Another dumb thing about this post is the poster not understand how push works. Assuming you are playing standard -110 odds on all picks, hitting 53% is actually way more profitable if there is more push because push will lower the % of games lost.

[Capitols44]

[QUOTE=MaddyMax;27095851]This is the dumbest question ever. Winning % means nothing without the odds played. Most american gamblers are brain washed by touts touting fake winning %. Its funny when touts 58% winning rate by playing -130 to -150 lines and claim they are making a killing. A win is a win

[Capitols44]

Yield is the number that truly measures a capper.

Another dumb thing about this post is the poster not understand how push works. Assuming you are playing standard -110 odds on all picks, hitting 53% is actually way more profitable if there is more push because push will lower the % of games lost.[/QUOTE] I guess you dont know the I.R.S. looks at games that end up in a push a little bit differently. A push game that you placed a bet on you would still have to pay taxes on it.

[semibluff]

This is the dumbest question ever. Winning % means nothing without the odds played. Most american gamblers are brain washed by touts touting fake winning %. Its funny when touts 58% winning rate by playing -130 to -150 lines and claim they are making a killing. A win is a win

If you make 100 X $150 bets at odds of -150 your total stakes will be $15,000. If 58% of those bets win your returns will be 58 X $250. Getting back $14,500 is NOT a win.

[MaddyMax]

Capitols44 seems lost

[jamesjMidwest]

ATS laying -110 :
Assume you make 21 wagers @ $10 and go 11-10. You win 110 and lose 110, so you are dead even. 11/21=52.38% to break even.

HOWEVER - if you are varying wager size (chasing or playing "hunches") you will most likely lose unless you are hitting 60% of so. That's why touts advertise that they are hitting "78%" or some ridiculous number, because that's what you have to win if you are betting crazy-like.

If you have a good money management plan and hit 55% to 60% it is like a license to print money.

[HedgeHog]

Yield is the number that truly measures a capper.

Another dumb thing about this post is the poster not understand how push works. Assuming you are playing standard -110 odds on all picks, hitting 53% is actually way more profitable if there is more push because push will lower the % of games lost. I guess you dont know the I.R.S. looks at games that end up in a push a little bit differently. A push game that you placed a bet on you would still have to pay taxes on it.

Please tell me you don't work for H&R Block. There is no income from a "push" wager, thus no tax owed.

[Capitols44]

Please tell me you don't work for H&R Block. There is no income from a "push" wager, thus no tax owed.

tell that to the I.R.S.

[CGBatch]

tell that to the I.R.S.

I agree what you're saying is completely possible because many people don't understand the ins and outs of this industry and the returned wager could mistakenly be construed as income, but aren't you only supposed to report net winnings minus losses? Thus a push is nil

[BigdaddyQH]

ATS laying -110 :
Assume you make 21 wagers @ $10 and go 11-10. You win 110 and lose 110, so you are dead even. 11/21=52.38% to break even.

HOWEVER - if you are varying wager size (chasing or playing "hunches") you will most likely lose unless you are hitting 60% of so. That's why touts advertise that they are hitting "78%" or some ridiculous number, because that's what you have to win if you are betting crazy-like.

If you have a good money management plan and hit 55% to 60% it is like a license to print money.

James is 100% correct. It is all about money management, assuming you know what you are doing to begin with, which few in here do.

[timinator]

If you are betting hoops and football spreads & totals at -110 odds than 53% is only about break even. Baseball ML's are a completely different story though! I've had many a day hitting only 40 to 49% but still coming out +units ahead. GL

[RudyRuetigger]

ho lee fook

why are threads like this in think tank

I come here to learn not to answer common sense questions

[Toples]

53% will not make you rich fast.
let say you got 10K and you are betting $100 a game. reduced juice lines
1000 bets a year (3 a day). you need to win 513 to profit. you win win 530 on average (3350 profit)

But there is about 13% chance you wont make profit. Just plain old luck.

Now if you were to adjust your bet size after every bet, you would win more on average, but also risk to be in - money more times.

On average you would win 5K, but about double the chance of not profiting.

there is a middle road, which i prefer. I set a milestone. so i got 10K and will increase bet size once i reach 10,5K. then 11K and so on. I will also bet less if i lose $500 of course. this will set you numbers somewhere between betting percentage of initial and current bank

[MaddyMax]

Let me ask this if a person were to win in sports betting 53% of their bets is this truly profitable when you consider the amount of games that end in a push ? What would be the correct winning percentage including pushes to be profitable ?

Dumbest question ever. Answer depends on the odds you are playing.

But if you are generalizing it to standard -110 odds, then yes it is profitable assuming you bet the same amount in every game. If you get 53% winning % with lots of pushes instead of lossess, its actually way better than having no pushes. Is this even a question? come on guy.

[cmh329]

Depends who you ask. Pro touts will always say yes.

[bozeman]

Let me ask this if a person were to win in sports betting 53% of their bets is this truly profitable when you consider the amount of games that end in a push ? What would be the correct winning percentage including pushes to be profitable ?

what did u have at MAth in high school?
if anything more than D - then next question - do you know what odds are?

[Biff41]

I've never had an issue getting paid from Heritage or 5 Dimes as far as reduced juice books go. And non-USA guys with access to Pinnacle have no worries.

What type of Debit card or other financial instruments are good to open an account.

[TheMoneyShot]

What type of Debit card or other financial instruments are good to open an account.

You can use any bank deb card. Just make sure you call your bank to allow International Transactions for 24 hours. Most banks will allow you to do this. Heritage Sports is a great book. Any book you'll have to fill out a CC Authorization Form. Heritage is done within 20 minutes or so. 500 MAX per each transaction.

[LT Profits]

What type of Debit card or other financial instruments are good to open an account.

You can use any bank deb card. Just make sure you call your bank to allow International Transactions for 24 hours. Most banks will allow you to do this. Heritage Sports is a great book. Any book you'll have to fill out a CC Authorization Form. Heritage is done within 20 minutes or so. 500 MAX per each transaction.

Just use Bitcoin and you could probably skip the authorization process altogether.

[Marco30]

53% flatbetting , nope......

[Biff41]

Thanks for info.