The sport gambling industry is one which lacks regulation, meaning anybody can start a business, website or used auto salesman persona to begin selling picks. Because there is no regulation, handicappers can correct false records and guarantees of unimaginable wealth so as to receive business.

While there are many legitimate and translucent handicappers in the market, in addition, there are an overwhelming number using fake names, flashy automobiles, girls of questionable clothes and morals (we're guessing) and unachievable documents to convince fresh or uneducated bettors to buy their selections.

While this may seem a little over the top, we frequently get calls asking why people don't hit 70% of our matches like most of the other services out there. Our answer is that a 70% win rate is not attainable over the long-haul.

To explain this in more detail, we examined the probability that a sports bettor can win 70% of all wagers to illustrate exactly how unrealistic this is.

For the purposes of this article, we chose the z-ratio (also known as z-score) to demonstrate how many standard deviations away from"anticipated" an event is.

Example 1: No Edge

This example presumes a handicapper who historically hits 50 percent of his games, meaning the handicapper does not have any advantage when picking games. The information assumes 1,000 performs against the spread (with a vig of -110) within a calendar year, across all major US sports.

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