The sport gambling industry is one which lacks regulation, which means anybody can start a business, site or used car salesman character to begin selling selections. Because there’s absolutely no regulation, handicappers can correct false records and guarantees of unimaginable wealth in order to receive business.

When there are lots of legitimate and translucent handicappers in the market, there are also an overwhelming amount who use bogus names, flashy automobiles, women of suspicious clothes and morals (we’re guessing) and unachievable documents to convince new or uneducated bettors to buy their picks.

While this may sound a bit over the top, we frequently get calls asking why people do not hit 70 percent of our games such as most of the other services on the market. Our response is that a 70% win rate is not attainable over the long run.

To describe this in more detail, we examined the probability that a sports bettor can win 70 percent of all wagers to illustrate just how unrealistic this is.

For the purposes of this article, we picked the z-ratio (also referred to as z-score) to show the number of standard deviations away from»expected» an occasion is.

Example 1: No Edge

This example presumes a handicapper who hits 50 percent of his matches, meaning the handicapper doesn’t have any advantage when picking games. The information assumes 1,000 plays against the spread (with a vig of -110) within a calendar year, across all major US sports.

Read more: sports gambling website

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