Tuesday, August 2, 2011

Never Pay Juice

Good Afternoon,
Sunday we lost our LA Angels play vs Detroit. We had two of the best pitchers in baseball going at it (Verlander and Weaver). The line for the first five innings was LA Angels +120. We lost 2-0 , but that was a quality play.

I mentioned Sunday that the game was a toss up and that it depended on who showed up. Verlander of Detroit SHOWED UP and came close to pitching a no hitter.

To say that we made a quality play, but lost, sounds like "The operation was a success, but the patient died."

If I were not betting to make money, I actually would have taken the under in that game, which was a winner. The problem is that the line was 6 1/2 - 130.

At -130 you would need to win almost 57% of your plays just to break even.
At -120 you would need to win about 55% and at -110 you would have to win about 53% of the your plays to break even. Basically when you pay juice, also known as commission, vig or vigorish, you are in the hole before the game even starts.

If you make it a policy to never pay juice, you will automatically put yourself in a favorable position to win over the long haul.

George
703-217-0805

1 comment:

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