Bob wrote:
Winning at a 54% rate means that you have an 8% edge, or in the way the number is expressed in video poker circles, you're playing a 108% game.
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To break even in sports betting, you have to win 11 bets for every 10 bets you lose, so a win percentage of 52.4% (11/21) means you break even. Wouldn't winning at a 54% rate give you a 2(54% - 52.4%) = 3.2% edge instead of an 8% edge?
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