Percentage question

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  • whatajinx
    SBR Rookie
    • 10-30-15
    • 4

    #1
    Percentage question
    If a sportsbook is giving you 20 percent back in losses each week and you only bet straight bets what is the pc on yours bets with the 20 percent factored in
  • KVB
    SBR Aristocracy
    • 05-29-14
    • 74817

    #2
    I think I can help answer this question but I'm not exactly sure what you are asking.

    20% back weekly seems pretty generous. I get the feeling there are conditions or you may have trouble getting paid.

    But hey, every 5 weeks you are getting a free bet, or better so that's not bad.

    Comment
    • whatajinx
      SBR Rookie
      • 10-30-15
      • 4

      #3
      I'm trying to figure out what my bets are costing me percentage wise.... Like my normal 110 bets are costing me 4.55 percent but if I lose I pay what I owe minus 20 percent so I'm wondering what my bets are costing me percentage wise... Is that 4.55 affected and if it is what is the new percentage
      Comment
      • RudyRuetigger
        SBR Aristocracy
        • 08-24-10
        • 65086

        #4
        it depends what your winrate is
        Comment
        • whatajinx
          SBR Rookie
          • 10-30-15
          • 4

          #5
          I guess it's apples And oranges ... I was just wandering with getting 20 percent back of my losses for every week that I lose that the percentage would somehow b in my favor
          Comment
          • KVB
            SBR Aristocracy
            • 05-29-14
            • 74817

            #6
            Originally posted by whatajinx
            I'm trying to figure out what my bets are costing me percentage wise.... Like my normal 110 bets are costing me 4.55 percent but if I lose I pay what I owe minus 20 percent so I'm wondering what my bets are costing me percentage wise... Is that 4.55 affected and if it is what is the new percentage
            Understand that at -110, you paying over 9 percent in vigorish when you win, you pay nothing in vigorish when you lose, you just lose your bet.

            Depending on the win percentage, everyone pays different commission. Only a 50% bettor actually pays 4.55%...



            Comment
            • whatajinx
              SBR Rookie
              • 10-30-15
              • 4

              #7
              im going by every game being a coin flip with the spread which would be 50-50 im not worrying about winning or losing but percentage ... my guy is offering 20 percent of my losses meaning if I lose 1000 for the week I would only have to give him 800 and with that factored in I was wondering if the percentage would shift in my favor because my thinking is for example if everything is 50-50 that would mean I would win one week and lose the next so If I bet 10 games at 110 and lose I would lose 1100 in which I would have to give him 880 and the next week if I won all 10 bets I would win 1000 giving me a 120 profit .... that's my logic but don't know if its right that's why I was asking you guys
              Comment
              • byronbb
                SBR MVP
                • 11-13-08
                • 3067

                #8
                it's a 20% discount on a 20 cent line. 20% of 20 is 4. 20-4 is a 16 cent line.
                Comment
                • DrunkHorseplayer
                  SBR Hall of Famer
                  • 05-15-10
                  • 7719

                  #9
                  Originally posted by whatajinx
                  I guess it's apples And oranges ... I was just wandering with getting 20 percent back of my losses for every week that I lose that the percentage would somehow b in my favor
                  The percentages are never in your favor because you only get back 20% of what you lose, whereas if you win or break even you get nothing back.
                  Comment
                  • RudyRuetigger
                    SBR Aristocracy
                    • 08-24-10
                    • 65086

                    #10
                    well yea byron is right then if you assume you hit 50%

                    a losing player could become a winner with the new lines though, which is why it depends on winrate
                    Comment
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