Simple (Stupid?) Question

[Don Bratwurst]

Given that only 5% of all punters make profit on the long run, wouldnt it just be enough to lay all bets of the other 95% to make profit? Or does the bookie's margin swallow this tiny difference?

[Datapunter]

Re: Simple (Stupid?) Question You've answered your own question. Anyone who bets inside the bookmakers margin loses little by little. In order to make a profit you must first overcome the margin, used to be standard about 10% but these days using multiple select bookmakers you can reduce it to about 5%, and then find enough winners/good odds to make a profit. The most difficult part of it all is to find a way to be consistent over time. Considering we're all biological bags of randomness we shouldn't be surprised at that.