ST Alpha - "Folks, when you're right 52% of the time you're wrong 48% of the time. -- nm" (Reading a Post)

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In response to "sports betting, the notoriously risk-free place to park your money -- (link)" by hollywood big shot

Folks, when you're right 52% of the time you're wrong 48% of the time. -- nm

Posted by Cuzzin Todd (aka cuzzintodd) Mar 24 '24, 13:13

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Responses:

With a 10% to the house you need to be right almost 2/3rds of the time just to break even. -- nm - zeitgeist Mar 24, 13:30 3
- Your math is wrong. It's about 55%. -- nm - Strongbad Mar 24, 13:52 1
  - Unless you choose really crappy wagers like 10 team parlays with a huge house edge. - Strongbad Mar 24, 13:54
- A horse track bettor said the only fool proof way to win is to put some cash in an envelope when bet put more in, if you win take some out. -- nm - zeitgeist Mar 24, 13:32
Wow, that's a really big shoe. -- nm - Reagen Mar 24, 13:28
but there's only a 10% chance of that -- nm - prayformojo Mar 24, 13:16

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