Re: Taxes... once again.
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There are more craps players that are long term winners than sports bettors, that alone should tell you something. [img]/images/graemlins/smile.gif[/img]
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Your statement is absurd. Do you see why?
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No but I see why yours is. Take a 1.41% vig or a 5% vig on sports or an 8% vig on horses, which is lower. I rest my case, thanks for playing though.
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Thank you for playing also.
Craps has a fixed house edge, as you pointed out. This cannnot be overcome by any player in the long run.
Sports betting has a fixed vigorish. However, the lines are set by public opinion. When the public opinion is off of the true value of the line, the player has an edge. A good professional sports bettor can hit in the mid to upper 50% range, which is plenty to overcome the 52.4% break-even point for 11/10 wagers.
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