Importance of multiple books

Today we are going to break down the importance of having accounts with multiple book makers. Demonstrating what may seem an insignificant difference can have a substantial effect on your profit. A lot of people tell me they don’t have enough money to be able to spread it across multiple accounts. However, if you are sticking to no more than 3% of your bankroll per tip then you should be able to put 20% into 5 different books and still have more than enough time to move money around if necessary.

It does take extra time and effort but if you are serious about making money then it’s the price you have to pay and you will see the impact it can have below. It also takes discipline to stick to your bankroll. I started with $80 about four years ago doing $1 bets. Although my win percentage was strong and consistent I did not have the extra funds to be able to increase my bet sizes. That $80 is now $80,000 and I am starting to make some serious profit with a larger bank roll.

Win Percentage

Firstly we are going to give you an understanding of what percentage of your tips you need to win at specific odds. In bold is the odds we are currently averaging.

Win % required to break evenOdds
55.561.80
55.251.81
54.951.82
54.641.83
54.351.84
54.051.85
53.761.86
53.481.87
53.191.88
52.911.89
52.631.90

Profit based on history

Below we have broken down profit into week, month, season based on our average amount of tips showing the difference between 3c odds and 2% win rate, as you can see there’s a sizable profit difference.

Average of 24 tips a week
Win percentage of 58% = 13.92 wins – 10.08 losses
@ $1.84

Bet amount
Profit$10$20$30
Per week$16$32$48
Per month$65$129$194
Season$403$806$1,210

Average of 24 tips a week
Win percentage of 60% = 14.4 wins – 9.6 losses
@ $1.87

Bet amount
Profit$10$20$30
Per week$29$59$88
Per month$117$234$351
Season$732$1,464$2,196

Win % vs odds

Below are three tabs, one at a 56% win percentage, one at 58% and another at 60%. We have based the profit on 600 bets, the amount we have averaged the past four seasons. Again, in bold is the $1.87 which is also our average tip odds. If you told the average punter laying down $10 pops if he won only 2% & 4% more of his bets I doubt he would believe you that he would increase his profit 1.8x and 2.5x.

That’s $224.40, $448.80 and $637.20 from 56% to 58% respectively for $10, $20 & $30 bettors.

$448.80, $897.60 and $1346.40 from 56% to 60% respectively for $10, $20 & $30 bettors.

So you can imagine the difference for a $100 unit bettor, it starts to turn into some serious gains.

$100 bettors

Again, based on 600 tips;

  1. 56% @ $2,832 profit
  2. 58% @ $5,076 profit (+2% = + $2244 profit)
  3. 60% @ $7,320 profit (+4% = + $4488 profit)

In the 2019/20 season, up until the hiatus, we are averaging 60%.

oddsprofit for 600 bets @ 56% @ $10profit for 600 bets @ 56% @ $20profit for 600 bets @ 56% @ $20
1.80$48.00$96.00$144.00
1.81$81.60$163.20$244.80
1.82$115.20$230.40$345.60
1.83$148.80$297.60$446.40
1.84$182.40$364.80$547.20
1.85$216.00$432.00$648.00
1.86$249.60$499.20$748.80
1.87$283.20$566.40$849.60
1.88$316.80$633.60$950.40
1.89$350.40$700.80$1,051.20
1.9$384.00$768.00$1,152.00
oddsprofit for 600 bets @ 58% @ $10profit for 600 bets @ 58% @ $20profit for 600 bets @ 58% @ $30
1.80$264.00$528.00$792.00
1.81$298.80$597.60$896.40
1.82$333.60$667.20$1,000.80
1.83$368.40$736.80$1,105.20
1.84$403.20$806.40$1,209.60
1.85$438.00$876.00$1,314.00
1.86$472.80$945.60$1,418.40
1.87$507.60$1,015.20$1,522.80
1.88$542.40$1,084.80$1,627.20
1.89$577.20$1,154.40$1,731.60
1.9$612.00$1,224.00$1,836.00
oddsprofit for 600 bets @ 60% @ $10profit for 600 bets @ 60% @ $20profit for 600 bets @ 60% @ $30
1.80$480.00$960.00$1,440.00
1.81$516.00$1,032.00$1,548.00
1.82$552.00$1,104.00$1,656.00
1.83$588.00$1,176.00$1,764.00
1.84$624.00$1,248.00$1,872.00
1.85$660.00$1,320.00$1,980.00
1.86$696.00$1,392.00$2,088.00
1.87$732.00$1,464.00$2,196.00
1.88$768.00$1,536.00$2,304.00
1.89$804.00$1,608.00$2,412.00
1.9$840.00$1,680.00$2,520.00

Importance of multiple books

On the right you can see a perfect example from a screenshot from our app of how much variation there can be between multiple books.

Although this day Joel Embiid cleared all of these lines comfortably there were multiple outcomes that could’ve occurred based on the markets;

26 points – loss on 4 books win on 2

25 points – loss on 1 book and a push on the other

It may seem like this is an unlikely occurrence but we have had 43 tips decided by 0.5 in the 19/20 season.

Importance of multiple books

On occasions you can take advantage of the variance of lines on multiple books. Where you can place an over bet on one book and an under bet on another only sacrificing 6.5c on every dollar placed (based on both being 1.87 odds) and the opportunity to win both bets.

This is what we refer to as hitting the gap, you can read more about this here.

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