#goodread but a big error by @CraigMeyerPG ""Last year alone, $216 million was wagered legally on sports ...." (1/2)https://twitter.com/SportsLawProf/status/615148233157799936 …
@BillyPolcha Wizard of Odds/Wizard of Vegas calculated house edge of 4.76% on sports betting (non-parlay). http://wizardofvegas.com/guides/sports-betting// …
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@Grange95 Frankly, I am not sure what the Wiz of Odds means by this "house edge." In spread, sports betting the Line makes the bet aThanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95 theoretical 50/50 Propitiation. But at 11/10, a Punter has to win 52.4% of their bets to break even.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95 I think this is a good explaner: http://www.sportsbettingacumen.com/betting-guide/mathematics-sports-betting …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95 & my bad, I confused the words "edge" & "advantage." I think Wiz of Odds did some bad math. Gambling is all about House AdvantageThanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95 Wiz of Odds ignores Ties & makes an assumption.Thanks. Twitter will use this to make your timeline better. UndoUndo
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