If you are betting against the spread at a reduced margin venue the prices might be -105/-105 (1.95/1.95). This means if you were to bet $1 sometimes you would win $0.95 and sometimes you would lose $1. You would need to win 51.3% of the time to break even in the long run.
Good calculations. Even more. Fantastic calculations. Could you show me the literature for this kind of calculations in order that me learn more? In which kind of books I can find more about these kind of things? Are very interesting and even more precise than the calculations of the position of an new star. Even I don't understand anything from those.
Ah.. One moment. You bet 1 us dollar and sometime would win 0.95 us dollar and some time would lose 1 us dollar. Then "you
would need to win 51.3% (not 47.53464% nor 56.975645345% but exactly 51.3%) to break even in the long run.
In other words. You will play to lose more that the amount you can win: in other words, simply to lose. Then, in order that you break even (in other words and for the ignorant people like me - to have your lost money) "you
would need to win 51.3% of the time". Here I'm am speechless. I learned before how to lose firstly (difficult but important and necessary), then the need to break even (so to have again my money back) but then I stopped to understand. How to earn "51.3 of the time"? How can be earned the time?
Please mr.robot can you explain better how to win 51.3% of the time to have back my money? And if I win 51.4% or even 51.5675432% of time it will be something wrong? Only to have some cent as earnings for the time have in casino. Or it is impossible? In that place only can have loss and maximum have your money. No win never. This is not the casino I know....