Originally Posted by
RudyRuetigger
This is another thing that pisses me off about SBR. Not only do they condone touts, they put them on SBR tv for people to watch. I realize SBR is a for profit business, but don't let the posters get scammed of their money. What I used is just a very fukkin basic chart. I think on 2p2 I saw someone created a program where you could get diagrams, confidence intervals, etc etc... Mine took a whole 1minute to create (1 pick, 60% winrate = 14.55% ROI, 16% and 8% risked...repeated 523 times) but it still serves its purpose. Here is an article on about.com. I hate to use something from Fezzik, but he reiterates the point: While some bettors may scoff at the 56% figure used in as an example earlier, professional bettors will be the first to tell you there’s nothing wrong with that percentage at all. Such a percentage will lead to a nice profit over time. Many bettors assume they are going to achieve the magical figure of 60% winners, if not higher, when heading into a new season. While such a percentage may be achieved over a short period of time, it’s nearly impossible to maintain over a long stretch. Professional bettor Steve Fezzik describes the 60% fallacy in Larry Grossman’s book, You Can Bet on It Fezzik states if you begin with a $1,000 bankroll and wager 10% of your money on one game a day, while laying -110 odds, while maintaining a 60% winning ratio, after 2,000 wagers your initial $1,000 would be a cool $550 billion. Yes, billion. Something to remember the next time you see a sports tout claiming to hit 65% over the last 10 years.