SPORTS BETTING: PERCENTAGE NEEDED TO WIN?

Suppose you lay a wager of $100, if you win you would collect an equal amount ($100), but if you loss you would lose $110, a fee of 10% (Juice). (Juice is the bookmaker's commission, also known as vig)

Example: 100 bets in equal amounts of $100 wagered per bet totals $5000. Assume you won 50% of the bets, you would have won on the winning games $5000 and on your losing games you would have lost $5500. The results would be a deficit of $500. Be that as it may the percentage needed to win is actually 52.4%.

Hypothetically, if you won 53 bets of $100 each, out of one hundred bets placed (53%). Your return on the winning bets is $5300 and the losing bets would total $5170. Bottom line profit is $130 net.

The number you need to have a profitable season in betting Football or Basketball is fifty-three percent (53%) or better.