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    All Forums | General Discussion

    Calculating betting "units" returns

    ralexiou
    WendysRox
    Participants:
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    Views: 174
    Posts: 2
     
    ralexiou
    ralexiou
    Prospect
    Participation Meter
    Joined: Dec, 2009
    Posts: 11
    Posted: Dec. 11, 2009 - 10:37 AM ET #1

    Let's suppose I make the following 4 bets for $1,000 each plus juice):

    Favourite at -150 and win ($1,000)

    Over at +105 and win (+1,050)

    Favourite at -125 and lose (-$1,250)

    Dog at +105 and lose (-$1,000)

    What would the net units be?  Is it minus 0.20 (1 + 1.05 - 1.25 - 1)

    I've seen the following results for a current sports capper and wondered how they received a unit total of 6233 when they are correct only 58% of the time.  Is it because they have  they have won taking many underdogs that pay > 100?  If not, please provide reasons.

    Overall Plays (+6233)  312-224  L536 58%

    Should I be reading the unit return as 62.33.  If $1,000 bet was made 536 times, the net dollar return would be $62,330.

    Lastly, in my above four betting examples, would the unit value total be different if two bets were made for $500 and the other two bets were made for $1,000.

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    To remove first post, remove entire topic.

    Let's suppose I make the following 4 bets for $1,000 each plus juice):

    Favourite at -150 and win ($1,000)

    Over at +105 and win (+1,050)

    Favourite at -125 and lose (-$1,250)

    Dog at +105 and lose (-$1,000)

    What would the net units be?  Is it minus 0.20 (1 + 1.05 - 1.25 - 1)

    I've seen the following results for a current sports capper and wondered how they received a unit total of 6233 when they are correct only 58% of the time.  Is it because they have  they have won taking many underdogs that pay > 100?  If not, please provide reasons.

    Overall Plays (+6233)  312-224  L536 58%

    Should I be reading the unit return as 62.33.  If $1,000 bet was made 536 times, the net dollar return would be $62,330.

    Lastly, in my above four betting examples, would the unit value total be different if two bets were made for $500 and the other two bets were made for $1,000.

     
     
    WendysRox
    WendysRox
    Veteran
    Participation Meter
    Joined: Apr, 2008
    Posts: 3823
    Posted: Dec. 11, 2009 - 12:12 PM ET #2

    Well, I was planning on reading some idiotic comment from a prospect and making some lame-ass joke about it.  But...   I can't help myself but to answer your question honestly....

    At first glance (I'm not going to check all your math), it looks like a couple of things could be happening.  1) He could be betting ML's and cashing extra on dog wins.  But, more frequently what you see with touts something like this:

    Picks:
    1) bet 11 units to win 10... lose...down 10.1 units
    2) bet 11 units to win 10  ... lose.... down 20.2 units
    3) bet 110 units to win 100 ... lose... down 130.2 units
    4) bet 1100 units to win 1000...win... up 969.8 units

    And, that's how you get a 25% tout claiming to make money.  They never tend to give you a winning percentage over the whole season.  they always (like any salesman or ad man) give you the positive, such as "up over 900 units" or "5-0 in college basketball big east matchups (even though they went 2-12 in other conferences)", etc.


    I hope this helps a little.  I know I was kind of vague.  If you're really searching for a tout to follow, try tout ranking sites like the oklahoma sports monitor or some others.
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    Well, I was planning on reading some idiotic comment from a prospect and making some lame-ass joke about it.  But...   I can't help myself but to answer your question honestly....

    At first glance (I'm not going to check all your math), it looks like a couple of things could be happening.  1) He could be betting ML's and cashing extra on dog wins.  But, more frequently what you see with touts something like this:

    Picks:
    1) bet 11 units to win 10... lose...down 10.1 units
    2) bet 11 units to win 10  ... lose.... down 20.2 units
    3) bet 110 units to win 100 ... lose... down 130.2 units
    4) bet 1100 units to win 1000...win... up 969.8 units

    And, that's how you get a 25% tout claiming to make money.  They never tend to give you a winning percentage over the whole season.  they always (like any salesman or ad man) give you the positive, such as "up over 900 units" or "5-0 in college basketball big east matchups (even though they went 2-12 in other conferences)", etc.


    I hope this helps a little.  I know I was kind of vague.  If you're really searching for a tout to follow, try tout ranking sites like the oklahoma sports monitor or some others.
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