| When betting a straight play, you have
to risk your money in an 11/10 ratio (the extra 10% is called
the vigorish). For example you risk $11 to win $. Ideally
from the sportsbook perspective 50% of the people wagering
will take one team in a game, the other 50% will take the
other then the sportsbook will make its profit from the losing
side. Imagine that people wagering as a group risked $55,000
to win $50,000 on Team A, and $55,000 to win $50,000 on Team
B. It doesn't matter who wins the sportsbook will pocket $5,000
in profit using the other $50,000 from the losers to pay off
the winners. This is important because it means that for smart
players sports wagering is the best money making proposition
in all of wagering. |