What is a suitable ROI for a sports bettor.

[Fishhead]

I AM JUST MAKING A POINT.....ANYTHING ABOVE 5% ROI IS TERRIFIC AND I WILL TAKE THAT ALL DAY LONG IN THIS BUSINESS.

 

[King of the Road]

Strut's right; Dell Dude you're missing the point. Your "investment" for betting purposes is not your bankroll. It's actually the sum of all of your bets. So a 3-4% return on that investment actually equates to a very nice income.

For example, If you have a bankroll of 5,000, and your bet amount is 220 per game, if you play 100 games, your investment is 22,000. Just to make the math easy, suppose you win 60 and lose 40. You'd win 12,000 and lose (assuming -110 vig) 8,800. Your net winnings would thus be 3,200. Your return on your investment is 3,200/22,000, which equals 14.55%, which obviously is phenomenal. But your return on capital is 76%!! Using Strut's numbers of 55/45 with a ROI of 5%, again betting 220 per game over 100 games, your net winnings would be 1,100 and your return on capital would be 22%. Not bad, considering that 100 games might represent a 3 or 4 month season, so annualizing the return (on capital) would be 66 - 88% assuming a 55% win percentage and an astounding 225 - 300% return on capital annually if you could hit 60%.

The math is a lot easier than picking the games, but it goes to show you how significant a 55-45% edge is.

 

[Fishhead]

EXACTLY

 

[DellDude]

That's all a bunch of mumbo jumbo to me. All this stuff takes the fun out of gambling. I'll stick with my suicide parlays and BJ. I won't need to hire an accountant to figure out if I came out ahead when I hit the Big One.