Probability Question (Sportsbook)
May 10th, 2012 at 5:30:14 PM
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If you layed only 1 true underdog (say true odds of somewhere between 20/50 to 1) once a week, whats the probability that you would A) make money and B) go bust?
May 10th, 2012 at 5:40:44 PM
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What percentage of your bankroll are you betting each week?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
May 10th, 2012 at 5:47:49 PM
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3% - 5% i think i would be safe, if your going to do a calculation for me though could you please include 10%
May 10th, 2012 at 8:18:11 PM
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Every longshot workout I have ever seen, loses your money at a faster pace than betting favorites.
You lose either way, but favorites delay the inevitable.
You lose either way, but favorites delay the inevitable.
May 10th, 2012 at 9:00:39 PM
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i understand that but i am talking about laying/taking bets on the underdog in other words betting that the underdog will lose not win
