Sports Betting - Why You Need to Learn How to Calculate Your Profit Percentage

Sports Betting - Why You Need to Learn How to Calculate Your Profit Percentage

If you have been doing a lot of sports betting, you are probably wondering whether or not your return investment is adequate.Are you just winning enough to cover the expenses involved or are you actually coming out on top?How much can you win at sports betting, anyway?You need to learn how to calculate the return on investment so that you can get the best out of sports betting.If you do not feel as if you are making a good return on your investment, then perhaps you need to change your strategy.

Online sports betting makes things a bit easier, since you have a choice of books.There are many sports books on the internet, so you should be able to choose one or two that will provide you with the best opportunities.You can make your decision after learning how to calculate your investment, so that you will know what you can expect---realistically speaking----on the profits you can make from various sites.

Your investment, of course, will be the money that you lay down on a bet.For example, this includes the $120 that you put forth to win $100, along with the cost of services.The return is the net win or loss based on the investment.Thus, if you put $120 up to win $100 and win that bet with a 100% win rate, your return on the investment will be calculated as $100/$120, which comes out as 83.3%.

If you are lucky to get a 100% win rate all the time then you are a very wealthy gambler, indeed!However, you are probably not that lucky, as the realistic expected win rate, on average, is around 55%-65% over the course of a season.The good news is, though, that most sports books only expect you to put forth a $110 risk in order to win $100.

Another thing you need to take into consideration is purchasing picks and what effects it has on your return investment.You should not forget about the costs of a service when calculating your profit percentage.On average, a sports bettor will have to increase his or her winning percentage by 1.5-2% in order to break even when purchasing a season's worth of picks.This might not be all that bad if you use the service to the fullest and win on more games.

Of course, other factors come into play too, including number of bets you make, how much money you wager, the cost of the service, etc.If you think you can increase your winning percentage by about 3% with a good service, you should definitely invest in one.Just make sure you can win enough to cover the service and STILL make a profit!

If you are using a service now and are not have any luck, then you obviously need to either look for another one or make better decisions.You should at least change your strategy if you are not getting the returns that you would like.You will only set yourself up for financial failure if continue paying for a service that is not increasing your winning percentage by 2.5% or

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