We consider sports betting as a right, easy way of earning money. People generally assume that your life needs to be the center of betting. It doesn’t mean that you need to live, eat, breathe betting. Betting takes more than just pure luck and enjoyment in sports events.
To be a successful bettor, you must invest your time in tons of research, use statistical tools and systematic approaches in seeking value bets, those that could pay of. Although people think, for sports betting, bettors bet just on sure things, you need to know that out there, on the market, there is nothing sure.
When winning more than 50% of your bets, we can consider you as a successful gambler, but to be able to talk about your real returns and payments, you need to have more indicators.
Sometimes, gamblers pick on sports events can provide you with a higher return than your investments on the stock market. Of course, variances from season to season are not unusual, but they are not uncommon for investments on the stock market, too. For example, remind yourself of 2008 or 2009.
Global financial crises impact on every single industry, including short term and long-term results on stock market investments.
Whether you have a diversifying portfolio or you simply prefer one particular industry, you could definitely feel an enormous impact of financial crises on your returns.
The situation with sports betting is not very different from the one with stock markets. You have good and bad seasons, and you can expect difficulties everywhere.
However, many experienced, successful sports gamblers say that in the long run, their edge is far higher than the advantage that you could hope to gain in any other speculative market.
With those indicators that are not that hard to calculate, and those that are often used in financial analyses and usually presented in reports of economic sectors in different companies,
Return of Investment (ROI) is one of the most useful ones.
ROI shows how many dollars you get in return for every dollar you bet.
ROI is presented as percentage (10%, -10%, -5%, 5%, and so on). If you have a positive ROI, it means you are profitable. If you have negative ROI, it means that your little project didn’t perform well and you lost money. ROI is measured when you divide your profit/return by the cost of your investment. You bet on 10 games, every one of them 100$, and your return is 205$.
That means that your ROI is (205/1000)x100, and the result is 20,5%. It’s essential to add that someone can have a perfect percentage of bets he won, but still very low or negative ROI, than the one with a smaller percentage of bets he won.
The number of win and losses is vital for teams that play, but not for you as a gambler. Every positive ROI is right for you. That means that they are earning something. In the long term, you are expected to have a lower ROI because it is easy to be successful in gambling in the short term.
Someone with an ROI of 2% after 3000 can be considered as a more successful bettor than the one with an ROI of 20% and 300 bets. In a long-term, with a vast number of bets (thousands of them), 5% to 10% is achievable.