Calculating profit from a service

Calculating profit from a service I may be completely wrong about this. I'm not trying to offend anyone. Using RAS results from the previous three years. College Basketball Service: 509-383, +78.75 UNITS, 57.06% (2006-07, 2007-08, and 2008-09 seasons) (directly from their website) Winning 509 bets at -110 costs 50.9 units. So wouldn't that have to be subtracted from the +78.75 UNITS won? 79-60 = 19 UNITS of profit. 19 UNITS / 3 years is 6.33 UNITS A YEAR. I don't know what the full season charge is, I'd guess about 1500 dollars. So for 1500 dollars a year one would seem to gain 6.33 UNITS. How much has to be wagered per bet to make that profitable? You'd have to bet at least 250 a unit to break even. Am I missing something? Like I said, I'm just trying to understand the process. Help me out. Please!!!

I am guessing that the -110 vig is incorporated into the net units won, but perhaps this is an assumption that they want you to make. I doubt it, though. 509-383 at -110, assuming one-unit bets, is 87.7 units. (+509 - 421.3 = 87.7 units) Perhaps their multiunit bets are performing worse than single unit bets, or they have some money lines mixed in there. (All math done in head BTW. There could be errors.)

Yes, you're missing something. The juice is already factored into the units won/lost. Also, some plays are 1.5 or 2.0 units, but the large majority (including all totals) are 1.0 unit plays. The CBB service also did not cost anything close to $1500 this year.

See If This Helps... [QUOTE=truushot;17889]I may be completely wrong about this. I'm not trying to offend anyone. Using RAS results from the previous three years. College Basketball Service: 509-383, +78.75 UNITS, 57.06% (2006-07, 2007-08, and 2008-09 seasons) (directly from their website) Winning 509 bets at -110 costs 50.9 units. So wouldn't that have to be subtracted from the +78.75 UNITS won? 79-60 = 19 UNITS of profit. 19 UNITS / 3 years is 6.33 UNITS A YEAR. I don't know what the full season charge is, I'd guess about 1500 dollars. So for 1500 dollars a year one would seem to gain 6.33 UNITS. How much has to be wagered per bet to make that profitable? You'd have to bet at least 250 a unit to break even. Am I missing something? Like I said, I'm just trying to understand the process. Help me out. Please!!![/QUOTE] 509-383= 126 units so the 78.75 units must be "net" of the juice on his 383 losers. He would owe the 10% juice only on his 383 losers which would be 38.3 units so I'm assuming that on some bets the juice was more than 10%. If the juice was 10% on all his bets then his "net" would have been 87.70 units (126-38.3).

[QUOTE=MobileBandit;17893]509-383= 126 units so the 78.75 units must be "net" of the juice on his 383 losers. He would owe the 10% juice only on his 383 losers which would be 38.3 units so I'm assuming that on some bets the juice was more than 10%. If the juice was 10% on all his bets then his "net" would have been 87.70 units (126-38.3).[/QUOTE] You pay juice on losers? 126 unites minus 51 units is 75 units. Maybe getting a percentage less then -110 would add those extra units. I'm confused by the juice on losers can you explain that to me?? Thanks

When you bet $1000 and it wins you gain $1000 When you bet $1000 and it loses you lose $1050 (5% vig) You only pay $50 juice on your losers.

No Juice On Winners... [QUOTE=truushot;17894]You pay juice on losers? 126 unites minus 51 units is 75 units. Maybe getting a percentage less then -110 would add those extra units. I'm confused by the juice on losers can you explain that to me?? Thanks[/QUOTE] Laying 1.10 to 1.00 means if you bet $100 and win, you win $100 but if you lose, you owe the book $110. That's how gambling works.

The juice is definitely accounted for in all of the unit totals posted on our website. Our season unit totals from the past 3-4 seasons can be a bit confusing because prior to 2008-09 about half of our plays were rated at 0.5 unit, so the numbers are a bit deflated. Since 2008-09 we have gone to a more standard 1.0-2.0 unit rating system, but as Goats alluded to, the vast majority of plays, including all totals, are still rated at 1.0 unit. Another change factor to consider is increased volume, much a result of the totals service, which was first introduced in 2007-08.

[QUOTE=burger;17895]When you bet $1000 and it wins you gain $1000 When you bet $1000 and it loses you lose $1050 (5% vig) You only pay $50 juice on your losers.[/QUOTE] where do I find 5% juice on baskets?

[QUOTE=JimS;17902]where do I find 5% juice on baskets?[/QUOTE] Pinny, 5Dimes, and pretty much any local agent who is worth a damn.