Originally Posted by monet View Post
I've been reading more on the subject of the Sportsbook and how to beat it.
Turns out that when you look at the numbers its a horror show.
You can beat it but the odds are insurmountable just clearly looking at the math and what is required.
Talk about depressing.
You literally need 100 bets per month.
You need to pick 53% winners.
The difference between picking 53% and 54% winners is millions of dollars.
Even the best of the best have a hard time averaging a 55% win rate.
The pain goes on and on.
On paper, it is one of the biggest mountains to climb that I think I have ever seen from a gambling standpoint.
It's not impossible and a select few do beat it but at best if you work your ass off it is more of a supplemental hobby.
The individual has to shop around to get the best line every single time and should get every promotion possible.
You basically need fixed games, inside information or you have to cheat in some fashion... like they do at online poker.

Let's say you want to make 50k per year.
You need at least a 500k bankroll dedicated to sports only.
You need to bet about 100 bets per month and win 53% of the time.
You really need to win 54% of the time when you look at it.
You'll have to average about 1500 dollars per bet if you are laying juice.
You have to find the dogs... You have to find the dogs.... ummm yeah, you have to find the dogs.
You need kickbacks in some form.
None of this is new information but after refreshing my memory I realize why I dismiss this line of work.
Ok Redietz, the individual may want to stop betting parlays no matter how fun they are as you will need to pick 55% to overcome the cut in payback.
Better late than never. Great post!

Redietz, must be really good to keep his customers happy. Not only does he have to make up the built-in house vig, but he also has to make up his own fee structure to make the subscribers return.