The sports betting industry is one that lacks regulation, which means anybody can start a company, site or used auto salesman persona to begin selling selections. Since there’s absolutely no regulation, handicappers can tout false records and guarantees of unimaginable wealth so as to receive business.
When there are lots of legitimate and translucent handicappers in the industry, in addition, there are an overwhelming number who use fake names, flashy automobiles, women of questionable clothing and morals (we’re guessing) and unachievable records to convince new or uneducated bettors to buy their picks.
While this may sound a bit over the top, we frequently get calls asking why we do not hit 70% of our games like most of the other services out there. Our answer is that a 70% win rate is not attainable over the long run.
To explain this in more detail, we analyzed the probability that a sports bettor could win 70 percent of wagers to illustrate just how unrealistic this is.
For the purposes of this guide, we chose the z-ratio (also referred to as z-score) to show the number of standard deviations away from”anticipated” an event is.
Example 1: No Edge
This example assumes a handicapper who hits 50% of his games, meaning the handicapper does not have any advantage when choosing games. The information assumes 1,000 performs against the spread (with a vig of -110) over a calendar year, across all major US sports.
Read more here: https://heavenlytradition.com/2019/09/25/how-can-i-place-online-betting-in-india-safely/