Call me crazy, but shouldn’t the 50k results read something like this: Assuming you bet $100 per game with 10% vig, your bankroll through 31 days would be as follows:
Lumpiddy (21-10) $2100 (21 wins x$100) – $1100 (10 losses x$110)= $900 net gain
44-dimes (15-16) $1500 (15 wins x$100) – $1660 (16 losses x$110)= $160 net loss
Now I know the picks are free for this little promotion, BUT if you went to the "experts" and assuming you bet $100 per game with 10% vig and you paid Teddy and Prez $30 per pick, and assuming the losing picks were free, your bankroll through 31 days would be as follows:
Teddy (19-12). $1900 (19 wins x$100) – $1320 (12 losses x$110)= $580- $570 ($30 x 19 winners)= $10.00 net gain
Prez (18-12-1) $1800 (18 wins x$100) – $1320 (12 losses x$110)= $480- $570 ($30 x 19 winners)= $90.00 net loss
Now think of how ridiculous this scenario would be. Say you gave Teddy some money and let him wager 100 per game for you. At the end of the month, you come back and ask "How'd we do?" Teddy excitedly responds, "We won $580." You respond "Great, where is it?" Teddy responds, "Right here. Okay, $570 for me and $10 for you."
Now with Prez, it gets worse. Prez would excitedly respond "Hey we won $480." You respond "Great, where is it?" Prez responds, "Well, not so fast. The price for me to win you $480 is actually $570, so you owe me $90. So you need to pay me the $90 bucks now or I wont allow you the privilege of giving me more money later."
Just my .02
Call me crazy, but shouldn’t the 50k results read something like this: Assuming you bet $100 per game with 10% vig, your bankroll through 31 days would be as follows:
Lumpiddy (21-10) $2100 (21 wins x$100) – $1100 (10 losses x$110)= $900 net gain
44-dimes (15-16) $1500 (15 wins x$100) – $1660 (16 losses x$110)= $160 net loss
Now I know the picks are free for this little promotion, BUT if you went to the "experts" and assuming you bet $100 per game with 10% vig and you paid Teddy and Prez $30 per pick, and assuming the losing picks were free, your bankroll through 31 days would be as follows:
Teddy (19-12). $1900 (19 wins x$100) – $1320 (12 losses x$110)= $580- $570 ($30 x 19 winners)= $10.00 net gain
Prez (18-12-1) $1800 (18 wins x$100) – $1320 (12 losses x$110)= $480- $570 ($30 x 19 winners)= $90.00 net loss
Now think of how ridiculous this scenario would be. Say you gave Teddy some money and let him wager 100 per game for you. At the end of the month, you come back and ask "How'd we do?" Teddy excitedly responds, "We won $580." You respond "Great, where is it?" Teddy responds, "Right here. Okay, $570 for me and $10 for you."
Now with Prez, it gets worse. Prez would excitedly respond "Hey we won $480." You respond "Great, where is it?" Prez responds, "Well, not so fast. The price for me to win you $480 is actually $570, so you owe me $90. So you need to pay me the $90 bucks now or I wont allow you the privilege of giving me more money later."
Just my .02
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.