Even though most sports bettors are losers in their own right (as a whole, bettors actually win an average of only 48% of their bets – less than they would expect to win if they just flipped a coin for every game), their losses are compounded by the fact that the house takes a cut of winnings, also known as the ‘juice’ or ‘vig.’ Most sports books charge a 10% commission on wins, which means that a bettor must actually win 52.4% of his games just to break even. (Wagering \$100 per game, a bettor loses \$100 with a loss and wins \$90.91 with a win, so he must go 11-10 (11/21 = 52.38%) to break even).
Placing \$460 bets on each of these games, a number pulled from some quick and dirty math about how much you could afford to bet in a single week’s NFL play without blowing your bankroll, would result in a \$4,048 profit if you maintain that 55% winning record. Turning \$10,000 into \$14,048 in just four months is an investment return of 40.48%. I dare you to ask your bank for that kind of return on your savings account.
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