Sports betting has been around for a pretty long time. For anyone who is placing a bet, the ultimate goal is always to get the bet right, and make some money. While the winning percentage might not be much of a concern for someone who is betting once in a while, and that too with a small amount, just to have some fun. However, percentages matter a lot to those who are full time into sports betting. What percentage of sports bettors win? Read on to find out.
What percentage of sports bettors win?
Flipping a coin gives you a 50-50 chance of getting it right at every flip. Similarly, for a money-line bet, there is a 50% chance that a bettor will get it correct. But the real test for the bettor is not in money-line bets, but in point spreads or over/under bets, where the bettor must wage ₹110 in order to win ₹100.
While most novices expect that professional sports bettors must be getting almost all their bets right, the reality is far from that. What percentage of sports bettors win? Sports bettors usually sustain a winning percentage of 53 to 54 percent on an average, and very rarely over 55.
The winning mantra for most bettors is not getting every bet right, but applying the small advantage that they enjoy over casual bettors, over and over again, and compounding their winnings in the process.
Spread out the bets
Mathematically speaking, you are more likely to earn a higher profit with a low percentage of winning, with more number of bets, than having a higher percentage of winning, on a small number of bets.
Most professional sports bettors spread out their bankroll over a large number of bets, rather than concentrating them into a few bets, and seldom risking more than 2 percent of their bankroll on a single bet.
Just like in the casino, where the house entices you to play more and more games so that they will eventually win, professional bettors place a large number of bets, in order to get a predictable winning percentage.