TheMoneyPrinter | Don't Be A Loser

TheMoneyPrinter Don't Be A Loser: "With the break-even point at about 51.8%, genuine professional sports gamblers know there is no tenable excuse to pass up propositions offering expectations of higher than, say, 55 percent. A small advantage applied over and over is awesomely effective. Mathematicians will confirm that a profit is more assured from a group of 200 bets with a 55% expectation-per-bet than from a group of 50 bets with a 60% expectation-per-bet. In other words, the more bets placed, the more predictable the outcome.
This is a fact of life of which pro sports gamblers must be familiar. It's a basic principle of math: the more bets you are able to place, the more likely it is that your winning percentage will be close to your expectations.
A pro sports gambler must be more concerned with profit than with establishing a great winning percentage, and those two conditions are not always compatible. A real pro applies all his advantages as often as possible, not only the best of his advantages when they occasionally arise. The accompanying illustration (below) shows the results of different winning percentages over different numbers of bets. Standard vigorish charges of 4.55 percent are figured into the numbers. (The bookies' net commission is 4.55 percent of all risked funds. Notice in the illustration that winning 55% of 250 bets is more profitable than winning 65% of only 50 bets, - and remember that a profit is more assured - that is, more dependable - because of the higher number of trials."