In the world of sports betting, there are far greater losers than winners. Both short and long term, there are reasons why 90% of sports bettors lose, and if losses are sustained long term, the average win rate among sports gamblers is around 45-48%.
Knowing this rate of return, some sports bettors may feel better off flipping a coin. But even that does not take into account the costs incurred from the online sports books when they take a commission on your winnings. For those of you new to the sports betting world, this ‘commission’ is known as ‘vig’ or ‘juice’, which on average ranges about 10%. Read more