For all beginners and for those that have been laying a price consistently, this is a why you should break that habit ASAP. Laying juice will be a big detrimental to your bankroll and sooner rather than later, you’ll go broke. It’s simply impossible to overcome the vigor over an extended period of time and anyone that tells you anything different is incorrect. So let’s have a look at betting on money-line dogs as oppose to laying a price.
We’ll use a money line favorite of –140 as an example with a take-back of +130. If you’re constantly laying juice, you will lose, that I can guarantee you and here’s why:
Let’s assume you’re wagering on three baseball games a day at an average of -140 per game for $100 each game and let’s assume you do that for an entire season. For six months or 180 days that would be 540 bets per season at an average of –140 per game. Of course, that’s a generalization but most bettors agree that laying –1.40 isn’t so bad when they believe they have a great chance of winning the wager. Some games you’ll lay –120 or even –160 but for argument sake we’ll assume the average lay will be –140. Ok, now let’s assume that you hit 60% of those, an unlikely scenario when you consider that the best teams in baseball play about .600 ball. But let’s assume that you have a great year and hit 60% winners.
Therefore we have 540 ball games with 60% winners would see you go 324-216.
Now we’ll multiply 324 x 100 = 32,400.00 worth of winners.
Then we’ll multiply 216 x –1.40 = 30,240.00 worth of losers.
32,400 (winners)–30,240 (losers)= +2,160.00 and that would be your net profit if you had an incredible year. A more likely scenario is you go somewhere between 45%-55% and when you add those numbers up when laying juice the results are staggering and they’re not in your favor.
Let’s assume now you have a decent year and hit 52% winners with the exact same wagers.
560 games x 52 % winners = 288 winners and 272 losers.
288 x 100 = 28,800.00 in wins
272 x –140 = 38,080.00 in losses, which is an eye opening –10,080.00 for the season.
In other words, if you lay an average of –140 per game and hit 52% winners, you’ll lose more than 10,000.00 for the season.
Now, let’s say you wager strictly on dogs at an average of +130 and you hit that same 52%.
288 losses at –100 = 28,800.00 in losses
272 wins @ +130 = 35,360 in wins for a total profit of 6,560.00 for the season, which is a staggering difference of close to 17,000.00 for the year.
The more juice you lay the more difficult this equation becomes to show a profit and these numbers are not unreasonable at all.
Consider that every team in the majors will win 60 games and lose 60 games and there’s rarely an exception to that. What they do in the other games will ultimately decide whether they have a good or bad record at the end of the year but the point is that it’s more proof that dogs win daily.
So, if you’ve been laying juice it’s time to break that habit. When you play underdogs, you don’t need to hit a high percentage to show a profit and even if you have a bad year, the losses will be limited. A bad year laying juice will destroy your bankroll and until you change, that will not. A good year taking back a tag will carry you for a long time and you’ll show a profit at the end of the season way more times than if you're constantly laying a price.
Good luck
sherwood
We’ll use a money line favorite of –140 as an example with a take-back of +130. If you’re constantly laying juice, you will lose, that I can guarantee you and here’s why:
Let’s assume you’re wagering on three baseball games a day at an average of -140 per game for $100 each game and let’s assume you do that for an entire season. For six months or 180 days that would be 540 bets per season at an average of –140 per game. Of course, that’s a generalization but most bettors agree that laying –1.40 isn’t so bad when they believe they have a great chance of winning the wager. Some games you’ll lay –120 or even –160 but for argument sake we’ll assume the average lay will be –140. Ok, now let’s assume that you hit 60% of those, an unlikely scenario when you consider that the best teams in baseball play about .600 ball. But let’s assume that you have a great year and hit 60% winners.
Therefore we have 540 ball games with 60% winners would see you go 324-216.
Now we’ll multiply 324 x 100 = 32,400.00 worth of winners.
Then we’ll multiply 216 x –1.40 = 30,240.00 worth of losers.
32,400 (winners)–30,240 (losers)= +2,160.00 and that would be your net profit if you had an incredible year. A more likely scenario is you go somewhere between 45%-55% and when you add those numbers up when laying juice the results are staggering and they’re not in your favor.
Let’s assume now you have a decent year and hit 52% winners with the exact same wagers.
560 games x 52 % winners = 288 winners and 272 losers.
288 x 100 = 28,800.00 in wins
272 x –140 = 38,080.00 in losses, which is an eye opening –10,080.00 for the season.
In other words, if you lay an average of –140 per game and hit 52% winners, you’ll lose more than 10,000.00 for the season.
Now, let’s say you wager strictly on dogs at an average of +130 and you hit that same 52%.
288 losses at –100 = 28,800.00 in losses
272 wins @ +130 = 35,360 in wins for a total profit of 6,560.00 for the season, which is a staggering difference of close to 17,000.00 for the year.
The more juice you lay the more difficult this equation becomes to show a profit and these numbers are not unreasonable at all.
Consider that every team in the majors will win 60 games and lose 60 games and there’s rarely an exception to that. What they do in the other games will ultimately decide whether they have a good or bad record at the end of the year but the point is that it’s more proof that dogs win daily.
So, if you’ve been laying juice it’s time to break that habit. When you play underdogs, you don’t need to hit a high percentage to show a profit and even if you have a bad year, the losses will be limited. A bad year laying juice will destroy your bankroll and until you change, that will not. A good year taking back a tag will carry you for a long time and you’ll show a profit at the end of the season way more times than if you're constantly laying a price.
Good luck
sherwood