Break Even Point for Sports Betting
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The question of what is the break even point for sports betting appears from time to time. Although there are many variables that would change the final answer, there is a widely accepted answer based on the standard -110 odds in which point spread betting in associated.
The answer is you must win 52.38% of your bets to break even at those standard odds. It sounds easy but many sports bettors have a hard time achieving this percentage.
There are other percentages associated with different moneyline odds.
Here are the break even points for various moneylines in sports betting:
Odds | % | Odds | % | |
---|---|---|---|---|
-110 | 52.38 | +110 | 46.6 | |
-115 | 53.4 | +115 | 46.5 | |
-120 | 54.5 | +120 | 45.4 | |
-125 | 55.5 | +125 | 44.4 | |
-130 | 56.5 | +130 | 43.4 |
It is important to remember that baseball betting is mainly done using moneylines. In this sport and this type of bet you can lose more games than you win and still make a profit. This is why some sports bettors love betting baseball.
Betting the underdog in baseball should be regular occurrence if you are serious about betting baseball.