E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
00:00
How to Hit 60% in Sports Betting
The participants had 30 minutes that we gave them to play, yeah, 30 minutes and we set up the coin on the computer flipped at such a pace that if you played fast, you could get in 300 flips of the coin. So there was a bit of a delay, once you made your bet and pressed flip, it flipped for about five or six seconds and the result of that is that you could get about that many bets down if you played efficiently. The break even in general for sports betting is around 52.5% when you factor in the bookmakers percentage or the takeout or the vigorish. But like I said, it's not impossible for someone to hit 60%.
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