Quote:
Originally Posted by Half Smoke
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I believe that in comparing racing betting to sports betting re the most common bets -
it should not be ignored that the takeout in racing on a win bet - averaging somewhere around 17% is much, much greater than that of a sports book on the most common against the spread bets
the sportsbooks will hold 4.55% from all ats bets and will take just 9.1% from the winner which is why you hear so often "bet 11 to win 10"
the takeout in racing is almost double what it is in sports betting on the most common bets
this means that comparing 2 experienced and knowledgeable bettors - one in racing - and on in sports betting the fact is _________
plain and simple - it's just much easier to be a long term winner in sports betting
I think many horseplayers here and elsewhere have a love for racing and that's why they don't concentrate on sports betting where they would have a much greater chance of being long term winners
even so, not many will achieve it in sports betting - but imo the % will be much higher than in racing
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I will preface by stating that I enjoy making an occasional wager on a sporting event...That said, while it may be 'easier' to make a successful wager on a game, or a succession of games, with the typical -110 on the bet, to break even, one must hit 52.4% of their wagers. To turn a decent profit over a period of say a year, a minimum acceptable win percentage would be around 60% .
Don't misinterpret this post. I think having some action on a sporting even makes it more interesting. But in order to be financially successful, one must be a hard hitter of the 'books'.
TO answer the thread question, I will do some gaming at a casino. Blackjack and craps. These two games are easiest to have a strategy. And have the lowest house edge.
I don't do 'games of chance'....
