For example, if you consistently bet on sports games with odds of -300, your break-even percentage is 75%, which means you have to win more than 75% of your bets to become profitable over time. It is based on how much the bet pays, not how often it wins. Bets with different odds have different break-even percentages. The break-even percentage is how often does a bet have to win as a percentage for the bet to break-even over time.
This is an important concept to understand what it is and how to calculate it in order to become a profitable sports investor. The break-even percentage is is the percentage of time a bet must win for you to break-even – which means that you will neither win nor lose money making the bet over time.
