I know a considerable number of people who bet on line, and they all tend to follow the following pattern. It doesn't really matter that much with a local who does everything at -110, but may have a considerable impact on your bankroll, and necessary winning percentage otherwise. Even with a local, your thinking must be adjusted to properly calculate your necessary winning percentage.
Here is the deal, when somebody bets a ML or spread at -110. They say they are betting 1 unit (assume a unit is $100 for the sake of simplicity). Typically, this means they are risking 110 to win 100.
However, when they bet at +110, let's say on a small money line, they bett 100 to win 110.
I think this is an incorrect strategy. The key to sports gambling is managing your risk exposure on any given bet. That being said, you should control your unit as the amount risked. Not the amount won.
By betting 110 when paying juice on a favorite, but only betting 100 when getting plus money (you are still paying juice, but that is a topic for another thread), you are giving up about $11 in winnings if you had bet $110. This may not be big in any single bet, but it adds up.
The way I calculate my unit is based upon a percentage of my bankroll. Once I figure out the unit size, that is the amount I risk on any given bet. So, for example, if my unit was $100, at -110 I would risk $100 to win 90.9. At +110, I would risk 100 to win 110.
Curious to see how you guys do this, and what your thought process is regarding this.
Here is the deal, when somebody bets a ML or spread at -110. They say they are betting 1 unit (assume a unit is $100 for the sake of simplicity). Typically, this means they are risking 110 to win 100.
However, when they bet at +110, let's say on a small money line, they bett 100 to win 110.
I think this is an incorrect strategy. The key to sports gambling is managing your risk exposure on any given bet. That being said, you should control your unit as the amount risked. Not the amount won.
By betting 110 when paying juice on a favorite, but only betting 100 when getting plus money (you are still paying juice, but that is a topic for another thread), you are giving up about $11 in winnings if you had bet $110. This may not be big in any single bet, but it adds up.
The way I calculate my unit is based upon a percentage of my bankroll. Once I figure out the unit size, that is the amount I risk on any given bet. So, for example, if my unit was $100, at -110 I would risk $100 to win 90.9. At +110, I would risk 100 to win 110.
Curious to see how you guys do this, and what your thought process is regarding this.
