good dolphin wrote:
The bolded numbers at the top of my post is my record. 5-4 is W/L, +2.3 indicates I have won $2.3 for every $1 played so far. The reason for the decimal is that for an accurate indication of dollars won, you should factor in 10% additional your parimutual wager facilitator charges on losses (none on wins). 10% is not accurate as it may be a little more or less depending on the play, but its close enough. It is important to remember that 10% if you are a new player as if you are making equal $1 wagers for every play, you have to exceed 55% W/L in order to make a profit.
If all bets are -110, then you must hit 52.38% (11 out of 21) to break even. 55% is a tremendous season, especially when betting the NFL, where the lines are razor sharp, and get sharper as the season progresses. Anybody who claims to hit higher than 57%-58% long term, is most likely lying.