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Many sports gamblers have an unrealistic perception of what a successful winning percentage is. Much of this is due to the dishonesty of many sports services, but a winning percentage in the in the mid- to upper-50-percent range is actually quite good and will show a profit over the long run.

The best sports handicappers in the world would gladly take a 58-percent winning rate over the course of the year, so don't believe that anything short of 60 percent is a poor performance.

Read The Magic of 55 Percent Winners in the Sports Gambling 101 section of the site.

(Photo by Dan Kitwood/Getty Images)

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