Break-even point in sports betting: what is it and how is it used?

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Sports statistics are an opportunity to improve your results, get a benchmark for your strategy and understand your betting weaknesses. One of the most important statistical indicators is the break-even point.

Why do you need statistics?
If sports betting is a way to get excitement and fun, then statistical indicators are not what you need. But even in such cases, it is recommended to keep a record of the bets placed. At the very least, this will help you not to take a big hit on your budget.
However, capos trying to make money from betting need strict statistical reports. Here are some rules to follow:

Discipline. The finances you invest in sports betting must be accounted for in the reports. Avoid reckless betting and gambling the entire pot. Do not try to win again, if there was a series of failures. You must decide the percentage of the bank or the amounts you can afford to lose.
Strategy. Chaos is an unacceptable action in betting. You have to decide what strategy you are going to follow in the long run. The systematic approach includes amounts wagered, odds, event and team analysis, and advanced statistics.
Bookkeeping. Record all the bets you place with the BK. Whatever the outcome, don't forget to keep a strict record of them.
Don't be squeamish about event information. The most important thing in financial reporting is how much money you have won and lost on each bet. The type of bets, events, tournaments, dates, names of teams and athletes, odds, and final results of the events - all this does not have to be included in the report. These data will probably allow you to correct the strategy, but in most cases, you will hardly need them.

 


Break-even point in betting

The break-even point is a basic statistical indicator for the beginner in sports betting. This parameter is the percentage of winning bets needed to break even, taking into account the average odds of the bets placed.
The formula for calculating the break-even point is t = 100 / K, where K is the average odds of the bets.
Let us assume that we have an average odds of 1.80. To break even at long odds, 55.5% of the bets placed must be winners. Or, let's assume that the average odds of the chances is 2.40. In that case, it is sufficient that 41.7% of the bets placed are winners.
But at the same time, it should be noted that significant deviations from the average odds should not be. For example, if you have bets with odds of 1, or 30, and with higher odds, you will lose, then you will not be able to break even. More information about the break-even point at paris sportif tunisie.


Conclusions
The break-even calculation is an important parameter when defining a strategy, to which the trader often does not even pay attention. The break-even point will help you in sports betting, especially if you bet on approximately the same odds in the long run. A break-even point will help you avoid significant financial losses and will allow you to analyze your betting actions.

 

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