Here is the money % chart that I promised (must read)

Ramonskee · Apr 30, 2008

gynecologist said:
your telling me it's common sense that hitting 41% on bets averaging +150 is profitable? Please explain how it's common sense..

his chart shows +150 as being a 40% winner which means you profit ZERO after 100 plays. here is the math done for you...

100 plays @ $100 each = $10,000 invested
(40% of 100 is 40)
40 plays of +150 for $100 each bringing you back $250 each (100 you invested plus the 150 you'd win) = $10,000 return

10,000 - 10,000 = 0

gynecologist · Apr 30, 2008

Ramonskee said:
his chart shows +150 as being a 40% winner which means you profit ZERO after 100 plays. here is the math done for you...

100 plays @ $100 each = $10,000 invested
(40% of 100 is 40)
40 plays of +150 for $100 each bringing you back $250 each (100 you invested plus the 150 you'd win) = $10,000 return

10,000 - 10,000 = 0

Ok so what is your point? chart shows 40% even, I mentioned 41%

Ramonskee · Apr 30, 2008

gynecologist said:
Ok so what is your point? chart shows 40% even, I mentioned 41%

you know what... i think i took this chart as a "probability chart" rather than a "value chart" as choptalk originally stated 3 years ago lol.

its a helpful chart nonetheless.

williemcgee · Apr 30, 2008

It is a helpful chart especially for those with experience in other sports but perhaps not as much in MLB.

You have to learn to think in terms of chance of winning % and honestly while it may be common sense to many, most young bettors couldn't tell you that you need to be right 66.6% of the time at -200 just to break even.

If you already knew that I would assume you'd just exit the thread and make your time more useful.

Ramonskee · Apr 30, 2008

williemcgee said:
It is a helpful chart especially for those with experience in other sports but perhaps not as much in MLB.

You have to learn to think in terms of chance of winning % and honestly while it may be common sense to many, most young bettors couldn't tell you that you need to be right 66.6% of the time at -200 just to break even.

If you already knew that I would assume you'd just exit the thread and make your time more useful.

great points all around. and just to clarify, i didnt think it was useless, i just wanted to be made aware of what those numbers were telling me. and i was.