If Gambling is 50/50 Why so many losers?

[collegegambler]

I Don't understand how gambling on sports is essentially a 50/50 proposition yet the winners over the long haul are outnumberd maybe 95-5 by the losers.

[ballsofblue]

juice..
wagering different amounts...
chasing when down...
pressing...
never being up enough...

[sick gambler]

Here is your answer college boy...

Based on 1,000 dollar bets..

If a player goes 51-49 he loses 2900
If a book goes 51-49, he wins 7100

___________


If a player goes 52-48, he loses 800
If the book goes 52-48, they win 9200

_______

If a player goes 53-47, he wins 1,300
If a book goes 53-47, he wins 11,300

________

If a player goes 56-44, he wins ONLY 7600
If the book goes 56-44, he wins 17,600

____

If the player goes 59-41, he wins 13,900
If the book goes 59-41, they win 23,900

__________________________________
_______________________________

So as you see, when the book has an identical record to you, they kick your ass big time by winning way way more than the player, and the ONLY reason for all this, and the only reason why 97.6% of players lose, besides the chasing, the bad money management, and so forth.. is the vigorish.. (the juice) It just adds up and adds up.

It is just about mathematically impossible to overcome the juice for the average gambler over the very long haul

[valdosta]

What vig is that using SG?? I only play moneylines and more (+)'s the (-)'s but I was curious what vig you are using anyways.

[timbo37]

Professor Sick is correct!

[Acidkid]

The most overlooked element of the "point spread" is sentiment - that is what the public is going to 'think and act' when they see the line for the first time.

When the odds on a game are made, the oddsmakers KNOW through experience how the money is going to come in, and adjust what might be the actual spread (the true point differences in the teams) accordingly. In short, they know if and how the line is going to move AND how the money is going to come in over time - and this is factored in to the original number (point spread) that is used.

That and the juice makes up the house edge.

The real wiseguys understand this (again through experience) and use this to their advantage. The general betting public has no chance long haul.

[castaway]

because 11 is bigger than 10

[tsm123]

Anytime you have a choice of one side or the other, 90% of the time you'll make the wrong decision.

[bhg]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by valdosta:
What vig is that using SG?? I only play moneylines and more (+)'s the (-)'s but I was curious what vig you are using anyways.<HR></BLOCKQUOTE>

Standard 10% vig bet 1000, lose 1100

[Dante]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by collegegambler:
I Don't understand how gambling on sports is essentially a 50/50 proposition yet the winners over the long haul are outnumberd maybe 95-5 by the losers.<HR></BLOCKQUOTE>


I think balls of blue said it best..chasing, someone loses and they see any game left on the board and the hit the fav for double...sad stuff

[THE SHRINK]

POOR BANKROLL MANAGEMENT!!!

[blue edwards]

you forgot parlays.

[Intuition BET]

Because MOST gamblers simply make LOSING bets.

[lander]

Simple - it's the VIG.

If you're a pure side and total player (the standard) then consider that assuming you win 50% then

- at standard -110 lines you are expected to lose $5 per $100 bet. (if you bet twice, you lay 110 and win 100 and lay 110 and lose. you've won 100 and lost 110).

* 10 bets = $50 loss
* 100 bets = $500 loss
* 365 bets = $1825 loss

- at normal reduced juice price of -107, you are expected to lose $3.50 per $100 bet. (if you bet twice, you lay 107 and win 100 and lay 107 and lose. you've won 100 and lost 107).

* 10 bets = $35 loss
* 100 bets = $350 loss
* 365 bets = $1277.50 losss

- at best reduced juice price of -105, you are expected to lose $2.50 per $100 bet. (if you bet twice, you lay 105 and win 100 and lay 105 and lose. you've won 100 and lost 105).

* 10 bets = $25 loss
* 100 bets = $250 loss
* 365 bets = $912.50 losss

----------------------------------

So as you can see, you are expected to lose $1825/year if you bet $100/day @ -110 OR lose $912.50/year if you bet $100/day @ -105.

Ta da.

[The General]

Going broke is bad. The vig will not break you but throwing money around by

1. guessing
2. chasing
3. playing parlays
4. playing just for action

most likely(95% of time) will lead to bad days & many re-ups.

[Chadster]

I guess they pick the wrong side

[Pancho Sanza]

"It is just about mathematically impossible to overcome the juice for the average gambler over the very long haul"

Which is why sick the towel head does what he does. http://www.therx.com/forum/grem/fuck2.gif

[jwunderdog]

"The vig will not break you but throwing money around by

1. guessing
2. chasing
3. playing parlays
4. playing just for action"

I thought this was a popular betting system!! It seems to be used a lot. http://therxforum.com/infopop/emoticons/icon_biggrin.gif

[lander]

General,
Excellent point about parleys. Even if you get true odds (which you probably won't) you'll still have kicked your self in the ass because RARELY does shopping for 2 or more events all end up at one shop (except for Pin which doesn't have great parley payouts anyways).

Parleys are rarely smart gambling moves*. In fact, if I were a betting man http://therxforum.com/infopop/emoticons/icon_wink.gif I'd say that parleys have a high correlation with "chasing" (the imaginary Dell syndrome).

* PO offered a great example when this is not the case. If you can get yourself a semi-correlated parley then you've make a very smart play. PO suggested the under/dog in hockey. I suggest defensive teams & the under over high scoring teams in hockey.

[valdosta]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by THE SHRINK:
POOR BANKROLL MANAGEMENT!!!<HR></BLOCKQUOTE>

Which comes from lack of patience and lack of discipline. IMO those 2 things are the most important traits with a gambler.

[valdosta]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Blown Head Gasket:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by valdosta:
What vig is that using SG?? I only play moneylines and more (+)'s the (-)'s but I was curious what vig you are using anyways.<HR></BLOCKQUOTE>

Standard 10% vig bet 1000, lose 1100<HR></BLOCKQUOTE>

Thanks http://therx.infopop.cc/infopop/emoticons/icon_smile.gif

[The General]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>lack of discipline <HR></BLOCKQUOTE>

Maintaining good discipline is so key in everyday decisions. Maybe more so in the ways we invest our money.

[BillDozer]

The main answer is here but the book also sways the line a tad towards where they think most people are going to play. Most people dont bet obscure events either.

[Acidkid]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by BillDozer:
The main answer is here but the book also sways the line a tad towards where they think most people are going to play. Most people dont bet obscure events either.<HR></BLOCKQUOTE>

EXACTLY - The fact that so many posters don't mention this is indicative of how poorly informed the betting public is. Yes, the vig is a major component, but regardless of the juice the BIG TRUTH is it's never a 50/50 pick.

A great read about sportsbooks and players is "The Odds: One Season, Three Gamblers, and the Death of Their Las Vegas" by Chad Millman.

[SSI]

money management is the key..

[Acidkid]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SSI:
money management is the key..<HR></BLOCKQUOTE>

If it was all about money management, someone would write a book EXACTLY how to do it, and the books would be out of business in a month.

The system is against the player from the start. Money management can't overcome the odds staked up against the player when making what appears to be a 50/50 choice.

[sfeiner]

"any time you choose one side or the other in a 50/50 deal the chances are 90% you will choose wrong." yogi berra

[SSI]

money management isnt the only thing, however it is the number 1 obstacle that most cant overcome..

[just_me_sam]

sfeiner,
I never heard that one but that is so funny I have got to make that my tagline.
story of my life!! lol

[WildBill]

You guys all miss the most obvious and important. If 95% of your players are fighting you with say about 20 bet bankroll and the book has about the equivalent of say 500 bets to go up against all these people, not to mention the edge of the vig, how can you expect the book not to win??? That indeed is the difference when looking at it from a big picture point of view. These other things can break a player, but in general the most important thing is a player can get a handful of wins now and then, but he is always under threat of going on a losing streak and going at least temporarily bust. If the book properly manages his customers and gets enough of these squares he should never go out of business.

[BillDozer]

WildBill
Thats kinda off the question. Its not us vs the book to see who busts firsts. The question is why do so many lose so bad on a 50/50 proposition.

so far we got..

-the vig eating away at our roll (most people go 50/50 lifetime which is paying alotta juice if they flat bet)

-money management/chasing losses or chasing wins for that matter

-books try to sell the public a 50/50 chance of winning the play when they sway the odds by capping the public and what we will do

This thread turned into a what not to do vs all the what to dos and they pretty much are the same thing. Its good to look at it backwards though. You see how and why people fail but you can bet that people who agree with this thread will still go extra money on the late game of the day, will still play at full vig and will still play all the mainstream events because thats where the easy info is.

[Acidkid]

The ART of bookmaking isn't in the vig, it isn't finding the chasers or poor money managers - it's selling bad numbers.

That's why in what looks like a 50/50 proposition that you have so many losers - it's because it's not 50/50.

This thread shows that most of the players (Bill Dozer excluded) have a grave misunderstanding of the market.

[WildBill]

I don't get it, selling bad numbers??? I still maintain if you have one guy with 20 bets fighting someone else with 500 bets, the guy with 500 bets is going to win just about every time. If the guy with 20 bets gets ahead a little, he still is in danger of getting on a cold streak and blowing money. Think of it as a never ending battle and the guy you are facing starts with a built in edge and has a lot more money than you do. Knowing that how can it not be that very few do win?

As for the statement, the 50/50 part should tell it all. If a player indeed were 50/50 then yes he will lose in the long run by the amount of vig. Simple as that. The fluctuations of gambling though trick people that aren't able to get to 53% or better into thinking they can get some sort of edge. Those fluctuations are what kill off just about all gamblers, they bet too much when they run lucky and give up easily when they run bad.

[Oren1]

discipline of course is one key... besides chasing, the opposite can be hell on your bankroll as well, getting overconfident after a winning streak and blowing winnings on wagers you wouldn't normally make or betting more than you normally would just because you just won some dough.

[JackDee]

Vig solely can't explain why the 95% losers and just 5% winners.

Neither "money management", there's no such thing for me. Money management is no issue when buying groceries, you can't get ruined financialy by buying too many cabbages say (unless of course you have some cabbage obsession), so how come the same person know and understand the principles of money management when they invest in groceries, or clothes, or housing, or furniture, and become completely oblivious of it over a roulette table? There is no paradox here, it's easily shown ad absordum that money management is not the issue.

The truth plain and simple is that gambling is addictive, most bet for the kick they get out of it, not to win. Most when they win something, they get greedy and wanting more they bet above their means and head, when they lose they press and chase. Even the best gamblers can and are ruined because of the addictive and "degenerative" so to speak nature of gambling.

[BillDozer]

Acid
Its is definately important to acknowledge that the books are capping us as players. (the dual line providers are cheating at this!)

But you do also agree that a pick % can be made or broke by what vig you played at right?

As far as bookmaking goes if you take pinnacle's 10 cent line (where they spread it out to give sides more or less action and get more $ on the posted number before moving it) you can consider the juice and the line one in the same.

I do hope to be able to sniff out the swayed lines (you vs the public perception) but if it wasnt for reduced juice I would quit.

A real good example of what acid is talking about is the wolves/bucks NBA line for 10/29.
There is no way in hell anyone is gonna choose the bucks at almost any number so the wolves are -13 and it wont get any better. If the book knows that the action is going on the Twolves why give us what they really came up with. Most people will leave that alone and they know its a sucker bet but the wolves fans and all the hoophype people will take the Twolves.

50/50 shot my ass. Someone who plays those will be a 38% winner. Now play monday night football and you'll go 50% and the juice is loose. http://www.therx.com/forum/grem/1036316054.gif

[BillDozer]

Your first paragraph argues money management is not the issue and your second paragraph described money management.

Its pretty simple actually. There is the books edges as we just posted about and then there is money management which you just argued with yourself about.
http://www.therx.com/forum/grem/argue.gif

[JackDee]

wildbill:"I still maintain if you have one guy with 20 bets fighting someone else with 500 bets, the guy with 500 bets is going to win just about every time."

Not so.
As Bill dozer pointed out, you are not playing who busts first with the book. You are not competing with the book in terms of profits either. Your fallacy here is that you are presupposing i have to match the book's money in each of my bets, if that were the case the book with a much bigger bankroll, and assuming similar capping abilities, has a huge advantage over me. But i don't, i only have to bet according to my means, hence the books finances are irrelevant to me.

"These other things can break a player, but in general the most important thing is a player can get a handful of wins now and then, but he is always under threat of going on a losing streak and going at least temporarily bust. "

Not so either.
If someone bets 1% of his bankroll in one single bet, and manages to go bust losing 100% of his bankroll, he should quit gambling.

[JackDee]

"Your first paragraph argues money management is not the issue and your second paragraph described money management.

Its pretty simple actually. There is the books edges as we just posted about and then there is money management which you just argued with yourself about."

you don't get my point, re-read what i am writing, i am making a distinction between money management in normal everyday decisions and addictive behaviours. The crux i maintain is that gambling forms addictive/obsessive behaviours that can be detrimental to both one's well being and financial prosperity. To say that money management is the issue, is one huge understatement.

[Acidkid]

JackDee, first... this thread isn't about addiction and it's not about money management.

It's a question about why, given what appears to be a 50/50 choice, do more people lose than win. The answer to that is... in sports betting (even at -100) where a point spread is involved, their is no such thing as a TRUE 50/50 proposition.

While money management is a large aspect of gambling, it has little to do with this thread. Money management has nothing to do with picking between two sides.

And to comment on your 'addictive' comments, anything in excess (addiction) can be detrimental - be it gambling, shopping, or eating. Anything.

[JackDee]

have it your way if you like your answers neat and simple, but...

"Money management" and addictive/obsessive gambling behaviours have everything to do with losing in sports betting, besides the vig, aka house edge.

As for anything in excess being addictive and detrimental to oneself, firstly, not everything is as addictive or bad for you, i.e. eating too many tomatoes can't be as bad as doing a whole lot of crack right?, secondly some "things" are more addictive in and of themselves, i.e. home carpenting is surely less addictive then alcohol, or gambling say.

And let me quote your truly here: "Even the best gamblers can and are ruined because of the addictive and "degenerative" so to speak nature of gambling."

[Acidkid]

OK, you're smart Jack Dee.

Here's the threads title: "If Gambling is 50/50 Why so many losers?"

Now explain how money management is involved with this question? Please be sure to point out WHY gambling is a 50/50 proposition, and how proper money management can effect the outcome.

An addiction to shopping can be just as financially harmful as an addiction to gambling, as could an addiction to fatty foods be just as physically detrimental as an addiction to crack. Just because society deems crack cocaine an illegal drug, doesn't make it any worse than other forms of 'legal' addiction as far as negative effects on someone.

The vast majority of betting money doesn't come from the addicted gambler, it comes from the non-addicted, non-chasing, non-poor money managing, casual, recreational gambler. Gamblers lose because the odds are STACKED against them. That's a fact. So in answering "IF GAMBLING IS 50/50, WHY SO MANY LOSERS?" the answer is,

"Gambling is NOT 50/50"

Write that down and put it in your pocket.

[RobFunk]

Classic thread!

[cd329]

I think alot of you miss understood the question.
He basically wanted to know why people pick so many more losers then winners when you really have a 50-50 chance of picking the right side.
This is what he wanted to know, not why people lose money, which is easy to figure out "THE JUICE" overtime will eat you away the same way compound interest makes you money in the bank.
Honestly i believe that if you let most people bet without even having to pay juice, they would still lose.
I wonder this same question myself many times, a bet that is basically 50-50 but for some reason there is always more losers then winners. Only answer i can come up with for this question is i truly believe some people are just luckier then others and they were meant to win gambling, while others no matter what they do will lose.

[MIKEY.1TIME]

I think alot of you miss understood the question.
He basically wanted to know why people pick so many more losers then winners when you really have a 50-50 chance of picking the right side.
This is what he wanted to know, not why people lose money, which is easy to figure out "THE JUICE" overtime will eat you away the same way compound interest makes you money in the bank.
Honestly i believe that if you let most people bet without even having to pay juice, they would still lose.
I wonder this same question myself many times, a bet that is basically 50-50 but for some reason there is always more losers then winners. Only answer i can come up with for this question is i truly believe some people are just luckier then others and they were meant to win gambling, while others no matter what they do will lose.
majority of public bettors( becoause of human nature) bet favorites and overs. the books know this.

[Mr J]

a bet that is basically 50-50

It usually isn't. Books can gain a nice edge by taking advantage of betting tendencies, as Mikey suggested.

Only answer i can come up with for this question is i truly believe some people are just luckier then others and they were meant to win gambling, while others no matter what they do will lose.

I believe in probability, not some aura of luck floating around people. Perhaps there is something governing the outcomes of events that is influenced by the individual, but I consider that to be extremely unlikely.

[van3396]

This is the true answer. Yes it is 50/50. The games are played normally the first half. During this Las Vegas is calculating all of the money and seeing which side it is on. Now at half time, Vegas calls up the owner of the team and tells him to sell the game. This explains the reason why games played first half are always close to the spreads. Then at second half its a totaly different game. Vegas sees who it is heavy on and then makes the opposite happens. RIGGED!!!

[gambling man]

amen

[blue edwards]

This is the true answer. Yes it is 50/50. The games are played normally the first half. During this Las Vegas is calculating all of the money and seeing which side it is on. Now at half time, Vegas calls up the owner of the team and tells him to sell the game. This explains the reason why games played first half are always close to the spreads. Then at second half its a totaly different game. Vegas sees who it is heavy on and then makes the opposite happens. RIGGED!!!

:monsters-

[jwunderdog]

Pointspreads have nothing to do with making a bet a 50/50 prop. ZERO relationship. Lines are set for the most part to distrubute the money somewhat evenly on both sides of a game. They are not designed to give you a 50-50 chance.

[blue edwards]

Pointspreads have nothing to do with making a bet a 50/50 prop. ZERO relationship. Lines are set for the most part to distrubute the money somewhat evenly on both sides of a game. They are not designed to give you a 50-50 chance.

:103631605

[Sawyer]

Let me correct one thing. There isn't anything like "you will go 50-50 on the long haul blah blah" A good handicapper can achieve %58-59 on the long run.

Why %97.6 gamblers are losing? Juice/Wig is not the main reason. The most important reasons are 6-team parlays, poor money management and lack of discipline. There's almost 1 million article on earth about money management but not everybody have the will and discipline to make it.

Also, I think juice/vig think is overestimated. I'm using Decimal Odds. So there isn't 100/110 thing for me. I'm betting 10 units flat. If the odds are 1.66 (-150) then I will win +5 units. If the odds are 2.30 (+130), then I win +13 units. I'm betting on soccer as well. No problem for me so far and my record is %58 +490 Units since 2007 (you can check at fcbet.com)

It's not mathematically possible to achieve above %55 on the long run blah blah

Come on, there isn't a such thing.

Discipline + Will + Money Management + Picking Correct Winners = Winning

Have a good weekend everyone..

[Risk44]

I found this article insightful...

MONEY MANAGEMENT





If you follow these guidelines you will earn more money then you’ve ever won in sports wagering.



Only 2 to 3% of people who wager on sports are long term winners. For the most part it’s not because the losers are bad handicappers, or using poor handicapping sources. IT’S BECAUSE THEY HAVE NO CONCEPT OF WHAT A BANKROLL IS, ANY RESPECT FOR IT, OR HOW TO USE IT.



If you are interested in maximizing your earnings and minimizing your losses using a disciplined, unemotional system, then read on…if not, do everyone a favor, especially yourself, and find yourself a hobby other than sports investing.



There are three factors to successful sports investing:

1. Handicapping the games proficiently.

2. “Shopping lines” to get the best value.

3. Employing a disciplined money management program.



You can do above-average with the first two but fail (financially) if you do not manage your money correctly. But you will never do poor, financially if you successfully manage your bankroll.



One of the most difficult things to do is follow instructions. If you are able to achieve the PATIENCE and DISCIPLINE to follow these rules you will become more financially successful than you have in the past. If you aren’t willing to follow instructions or lack patience, read no further. For those of you who have the discipline, prepare to be more successfully wagering than ever before.



STEP 1 – DEFINE YOUR BANKROLL. This is a sum which, if you were to lose the entire amount, would not alter your current chosen lifestyle. Use a separate bankroll for each sport (for example, College and Pro Football use separate bankrolls). Don’t be embarrassed if this amount is small. With proper discipline and money management it will grow large!



STEP 2 – (A) WAGER A CONSTANT PRE-DETERMINED PERCENTAGE OF YOUR BANKROLL

IN EACH GAME. For example: 3* - 3%, 5* - 5%.



(B) NEVER WAGER MORE THAN 5 GAMES PER BETTING PERIOD. This insures that never more than 25% of your bankroll is exposed at a given time.



STEP 3 – CONTINUE TO WAGER A PERCENTAGE OF YOUR ORIGINAL BANKROLL PER PLAY UNTIL YOUR CURRENT BANKROLL EITHER INCREASES 50% OR DECREASES 50%.



STEP 4 – If your bankroll decreases 50%, reduce your wager 50% until your bankroll returns to its original level. THIS IS IMPORTANT because it keeps you from “chasing” during a cold streak. “Chasing” is the most common mistake of the average player and the surest way to “tap out”. By reducing your wager 50% it guarantees you to stay in action until you have either regained your momentum or lost 30 units (zero bankroll) in which case you definitely need a new handicapper or avocation. The only sure thing to send you to the poor house sooner is playing parlays or teasers. They are a "Bookies Dream". You deserve to lose every cent you bet if you play them. “Square”, “Sucker”, and “Loser” are too kind to describe your mentality if you play parlays or teasers.



STEP 5 – ON THE POSITIVE SIDE. Let’s assume that good handicapping skills have ballooned your bankroll by 50%. Step to the next window and increase your wager by 50%. (For example, if you had been wagering $100/game, increase your wager to $150/game). Should your winning ways continue and your original bankroll doubles, you would then wager twice your original amount (now $200 in our example). Continue to increase your wager 50% with every 50% increase in your bankroll,



STEP 6 – TAKING PROFITS AFTER LOSING STREAKS! This thinking is taken directly from the Triple-Stack Method. Anytime you have more than doubled your original bankroll, then lose back 1/3 of your bankroll, take profits and return to your original bankroll. (Example: Your original $1000 bankroll has grown to $2400. But a losing streak reduces it to $1600. The $800 difference from your high point represents a loss of 1/3 of your bankroll. But the $1600 in your bankroll still represents $600 of profit. Take that $600 profit and return to your original bankroll of $1000). You’ve cut short a losing streak and taken profits.



STEP 7 – TAKING PROFITS AFTER WINNING STREAKS. During the course of the season we all are subject to winning streaks which are mostly the result of a number of close pointspread wins. It’s at these times that we feel like we’ll never have another losing day! WRONG! So, I’ve devised a method to lock in profits from these great times. It’s based on years of tracking winning streaks by length of streak and percentage of streak. The rules are as follows:



Rule #1 – TAKE PROFITS from a current winning streak any time you have won 80% or more of your

Most recent 20 plays (16-4 or better). You are “unconscious” if you’ve done this. Take the

Profit and return to your bankroll level before the 20th game hot streak began.



Rule #2 – In a similar way, TAKE PROFITS any time you have won 75% or more of your most recent

30 plays (23-7 or better). You are only “semi-conscious” if yo’ve done this. Again, take the

profits and return to your bankroll level before the 30 game streak began.



By having the discipline to follow these directions you’ll find yourself increasing your wealth in winning seasons and saving losses in tough times. WHAT YOU SAVE IS WHAT YOU EARN! For those of you who have read this far, please feel free to give me a call at 817-379-0413 should you have any questions regarding this material

[sherman]

wow, this is a great thread.....

[Rude]

Why so many losers when it's so called " 50/50" ?

1A - People can't pick winners
1B - Bad Money Management
3 - Not getting the best line available

I dont see it as 50/50 at all. If everygame was a PK and the book had each team at -105/107 you still have to pick the winner over 50% of the time to make money.

[neverwonadime]

Here is your answer college boy...

Based on 1,000 dollar bets..

If a player goes 51-49 he loses 2900
If a book goes 51-49, he wins 7100

___________


If a player goes 52-48, he loses 800
If the book goes 52-48, they win 9200

_______

If a player goes 53-47, he wins 1,300
If a book goes 53-47, he wins 11,300

________

If a player goes 56-44, he wins ONLY 7600
If the book goes 56-44, he wins 17,600

____

If the player goes 59-41, he wins 13,900
If the book goes 59-41, they win 23,900

__________________________________
_______________________________

So as you see, when the book has an identical record to you, they kick your ass big time by winning way way more than the player, and the ONLY reason for all this, and the only reason why 97.6% of players lose, besides the chasing, the bad money management, and so forth.. is the vigorish.. (the juice) It just adds up and adds up.

It is just about mathematically impossible to overcome the juice for the average gambler over the very long haul

Great answer. Probably the best response I ever seen to this kind of question.

[take2&hittoright]

I bet 100 basketball games 1 year. My record was 60-40.I broke even.

[queposkid]

People lose because they have to pick the winner..the human element along with betting with your heart sinks lots of gamblers..remember your team can win the game but they may not cover!!

[beammeupscotty]

The correct answer is because it is not 50-50.

That is just a myth that people believe and that is the perception of human nature.

If you want to win 100% of your bets...bet when the odds are a 100% in your favor...if you want to win 80% of your bets...bet only when the odds are 80% in your favor...

99.99999% of the gamblers make bets over 50% of the time that they have only a 35 to 40% chance of winning or less.

now i know 99% of you will not comprehend this...but this is the correct answer to this question.

[beammeupscotty]

The correct answer is because it is not 50-50.

That is just a myth that people believe and that is the perception of human nature.

If you want to win 100% of your bets...bet when the odds are a 100% in your favor...if you want to win 80% of your bets...bet only when the odds are 80% in your favor...

99.99999% of the gamblers make bets over 50% of the time that they have only a 35 to 40% chance of winning or less.

now i know 99% of you will not comprehend this...but this is the correct answer to this question.


Pretty fucking smart...arn't I...:dancefool

here is to all you white man haters.......:dancefool

[beammeupscotty]

The correct answer is because it is not 50-50.

That is just a myth that people believe and that is the perception of human nature.

If you want to win 100% of your bets...bet when the odds are a 100% in your favor...if you want to win 80% of your bets...bet only when the odds are 80% in your favor...

99.99999% of the gamblers make bets over 50% of the time that they have only a 35 to 40% chance of winning or less.

now i know 99% of you will not comprehend this...but this is the correct answer to this question.

So using this formula plus the second part that goes with it...i can easily pick out winners...

but i dont gamble...but if some one was to pay me i would consider picking out winners for them...

[pats3peat]

hmmm

[Creeg]

I wish I had read this thread six years ago. Would have saved a lot of cash and time. Fucking Denver Broncos, piece of shit McDaniels.

[Simps1207]

lol at this thread