DaveHead's Blog

Be a Cheapskate

By DaveHead | View all Posts
Posted Wednesday, July 22, 2009 09:51 PM   0 comments
Don't place a bet with more than a 10% vigorish.  Here are the break even percentages for the following odds.
 
ODDS   BREAK-EVEN
-110        52.38%
-115        53.49%
 
So, for example, if you have a respectable 55% ATS record, the extra 5% vigorish has stolen almost half of your profit (42.37%).
 
20 years ago, no book would've had the balls to charge over 10%.  You should be insulted by anything over 10%.  Be a cheapskate and walk away from such a sucker bet.
 
I've read a fair number of articles on money management, and few bother to mention this.
0 comments
comment Post A Comment
Add your response:
Please note that the blogger has the option of reviewing all comments before they are displayed to the public. Your comment may not be published immediately.
 

Profile

User: DaveHead
Joined: June 2009
Location:
Team:
Occupation:

Recent Posts

Archive

Categories

Advertisement