Originally Posted by
Half Smoke
it's not a .5% return (approximately) it's a 5% return.
Dan didn't make a lot of bets. Yes, you have to bet pretty big to make a healthy income.
If a player gets 500 bets on 3 different sports in a year and he bets $5,000 per game his total action is $2,500,000.
a 5% edge will earn him $125,000 for the year.
most sharps will probably bet uneven amounts and plunge deeply when they have a very strong opinion in a game.
probably most will not have an edge as great as 5% (unless they are very selective and make many fewer bets in which case they would have to bet much larger to make the same amount) and will not make as much as that would indicate
still, they would see it as worth the effort to them.
actually Dan's ROI was a little over 6% if you don't consider pushes.
Dan's stats are impressive.