Buying Points will lose you profit in the long run!

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  • frostno98
    SBR Hall of Famer
    • 09-11-07
    • 9769

    #1
    Buying Points will lose you profit in the long run!
    Just did an observation on my Make it or Break season thread on all of my posted picks, to see if buying point will improve my overall profit margin. My current NCAAB posted record is (99-81-6). Buying 2 points at -150 would add my 6 push to my 99 wins making it 105. While scouring through my thread, I also found 8 picked losers, where +2 added point would make them winners. By adding points, my new record would be (113-73) 60%.

    (113-73) 60% Buying 2 Points at -150
    113 wins at -150 for $100=$11,300 Winnings
    73 Losses at -150 for $100=$10950 Losing
    Total Profit=$350 Winnings after adjustment


    (99-81-6) 55% Original record at -110
    99 wins at -110 for $100=$9900 Winnings
    81 losses at -110 for $100=$8100 Losing
    Total Profit=$1800 Winnings after adjustment

    Summary:
    While buying points would make your overall record look better, in the long run you will profit less. If you like a pick, just go with it as is. Gambling always involves risk. Teasing or buying is a good way of reassuring yourself your bet might win, but at the end of the day your probably not going to need it.
  • gameday10
    SBR Wise Guy
    • 01-16-09
    • 601

    #2
    Only time a buy points, well .5 point, is if I am buying the hook. I never buy a whole point unless it is in a parlay. But I like the observation.
    Comment
    • jayc88
      Restricted User
      • 12-30-07
      • 6785

      #3
      buying points is only for lifetime loosers like ck
      Comment
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