The value of reduced odds

Yesterday my life-long friend (okay, we've been exchanging emails since Christmas), JT Sneaks, went 5-2 on pro hoops. A fine day by any measure.

Let's make a couple assumptions:

• Each wager was made to win $100
• He got -105 odds on each

Given these conditions, his profit for the day would have been $290.

If he made these investments on -110 odds, his profits for the day would have been $280.

A sawbuck might not sound like much, but these things add up. $10 a day for a year is $3,650. And that's money that goes into the player's pocket instead of the book's.