Originally Posted by accountinquestion View Post
Originally Posted by AxelWolf View Post
Originally Posted by mickeycrimm View Post
What is sportsbetting Expected Value?

https://sportshandle.com/expected-value/
It seems like this is from a handicapper's perspective with line shopping


Red was saying one needs a bunch of money in multiple accounts to target mathematically proven advantages I.E. a large bankroll that most people don't have.



"A bettor needs to win 52.38% of their bets just to break even." "the most profitable bettors win “only” around 55%-56% of bets."

How much would one need to be betting per game to make a living with handicapping only? That sounds like you need a significantly larger bankroll to fade the variance with the risk of actually going broke. Many of the other +EV non-handicapping methods have a higher player+EV percentage with way less variance.

Both can be scaled down to fit one's bankroll according to Kelly, but when doing so, a handicapper puts himself in a situation where he cannot make a living. Using Other +EV non-handicapping methods requires a much smaller bankroll with a higher earn.

I will admit IF you can consistently get 55-58 percent your higher-end potential is significantly better, especially if you have a bankroll that can fade getting in hundreds of thousands in action.

When does a handicapper know when he himself has been handicapped? How many years before he realizes something has changed and he no longer has an advantage for whatever reason?
EXCELLENT point. With the concept of EV you weigh the better bets vs betting on your hunches. Handicapping seems to be about other aspects of gambling that don't include maximizing money won.
I have to strongly disagree with that account. It is all about maximizing money won. That is why i, and most good handicappers, dont bet heavy favorites or make show bets. There is no value and you cant make any significant cash. I had a cousin that bet massive amounts to show on the heavy favorites. Betting that kind of $ to get $2.10 is insane. One loss and you spend a lifetime trying to get even.

My thing is pick 5’s and exactas. Always can find value there. The pick 5 is where i made my big score 2 years ago that i will probably never repeat.