Sports Betting Number Wisdom

You may or may not have head a quip or two about how it’s all a numbers game. Although this phrase is most often used in the sales world, the exact same thing applies to you and your sports betting. Well, to be fair, the wisdom about to be revealed below applies to you only if you take your sports betting activities seriously. Seriously in this case means you want to end up more money in your wallet at the end of the year, the season, whatever metric applies.

That being said, if all you ever want to do is throw down some of your hard earned money on the occasional sports bet or place a wager on your alma mater just because, well have at it. On the other hand, if you are more of the type that considers sports betting an activity to be engaged in for profit then there is a piece of fundamental numbers wisdom in the small numbers.

And lest you think small has nothing to do with gambling or wagering returns you would be wrong. Consider that casinos, whether land based or online casinos and the like make billions, yes billions of dollars all because of the very small house edge. In some casino games, these percentage can be shockingly tiny, as in 0.7%. Yet, as long as the casino maintains that house edge over time, billions of profits will keep hitting the bottom line.

Small in the case of sports betting refers to nothing other than the actual number of wins compared to the actual numbers of wins expressed as a percentage. Here’s one way to look at what this means: consider that the percentage wins over losses is your personal house edge. So the next most obvious question is what is the percentage you need to maintain?

Would you believe that you only need to hit a tad more than 52% to stay on top and come out with more money than you started with? If you are thinking that sounds too low to make a difference, well then candidly, you might want to take a closer look.

The reality, the unvarnished truth if you will, is that it is this understanding that really separates the pros from the wannabes. Bottom line is this: sports betting success is about knowing and tracking your numbers. If you are tracking your numbers along the way then you can clearly see where you might need to make a course correction. That being said, don’t lose sight of the fact that all you ever need to do is maintain your personal house edge.

Top Online Sportsbooks