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jazza1897
5th October 2015, 01:17 AM
hello, i began sportsbetting this year, at the start i took it seriously but i wasnt having much luck and then i just went to recreational betting, today i went thru all my bets thinking i had lost a few hundred (on a $2,000 bankroll) but it turned out i won $657 overall profit, which from total bets of $985 give an approximate 66% ROI for the year. now ive read online that the aim is for 3% or something, and that doesnt make sense considering what happened this year.
I have done a few enhanced odds bets but nothing over $100 worth of profit, and havent really been able to take use of bonus bets as i live in South Australia, where we have many restrictions. im not entirely sure how many bets in total ive placed, but it would be around 200. also i mainly bet on AFL so now that its finished im going onto NFL.

first of all, am i calculating ROI correctly of profit/total bets?

and secondly, why is it so high?

thanks for any help

Alastair Mobery
29th November 2015, 12:55 AM
hello, i began sportsbetting this year, at the start i took it seriously but i wasnt having much luck and then i just went to recreational betting, today i went thru all my bets thinking i had lost a few hundred (on a $2,000 bankroll) but it turned out i won $657 overall profit, which from total bets of $985 give an approximate 66% ROI for the year. now ive read online that the aim is for 3% or something, and that doesnt make sense considering what happened this year.
I have done a few enhanced odds bets but nothing over $100 worth of profit, and havent really been able to take use of bonus bets as i live in South Australia, where we have many restrictions. im not entirely sure how many bets in total ive placed, but it would be around 200. also i mainly bet on AFL so now that its finished im going onto NFL.

first of all, am i calculating ROI correctly of profit/total bets?

and secondly, why is it so high?

thanks for any help

Yes thats how you calculate ROI

Its so high because you have placed like no bets so the number will be more volatile and not an accurate representation. That will come way way down as you place more bets and the variance levels out.

Im not sure how you can only turnover <50% of your bankroll in a whole year though. If you are going to be betting less than a grand a year, you dont need a 2k bankroll

Casinodepositors
22nd April 2016, 02:57 PM
Good thing you discuss ROI here. Well, ROI is definitely one of the best ways to gauge your success. The computation of it based on my understanding is by taking your net profit and dividing them by the total risk. Let's say your risk is $200. If you had 1000 games that you played and you won like for example 50 units, then the sports betting ROI will be calculated by (50 x 200) / (1000 x $200) = 0.05. The result can be read as percentage so for this example the return on investment is 5%. That is based on my understanding. Anyway, if I'm wrong please enlighten us more here.