Many sports bettors consistently lose money. There are various ways to show this: one of which is through a betting disaster index of winning percentage and ROI, where a very low number would mean that they’re losing more than they’re supposed to be based on their bets.
Said another way, if someone were to make a very low number of bets, they would still be a net loser.
A lot has been said about how difficult it is to be a consistent winner when betting on sports. However, some bettors manage to be a net positive over time. Let’s look at what it takes to be one of these successful sports bettors.
To show the difficulty of being a net positive sports bettor, we would need to find a way to measure this. To do so, I will use the betting disaster index, which Michael Kapler created in his book titled ROI: Return on Intelligence. This index measures profit and loss; it will give us a good idea of how difficult it is to be a net positive sports bettor.
The betting disaster index looks at the percentage of bets won and the percentage of money won (ROI) to the amount of money risked. To be a net positive sports bettor, your betting disaster index needs to be lower than 1.00, meaning that you’re losing less money than expected when you make bets (or at least much closer to 0 than 1). The greater the value of the index, the harder it is for this person to be a net positive sports bettor.
Let’s take a look at some examples:
Betting disaster index = .90 – This means that this person loses 90 cents for every $1 they risk. As we see with this example, if this bettor were to make enough bets such that the sum of the money risked is greater than $1 million, he would still be a net loser.
Betting disaster index = 1.30: This means that this person loses $1.30 for every $1 they risk. If this bettor were to make a million dollars in bets, he would be a net loser of $300,000.
Betting disaster index = 2.00: This means that this person loses $2 for every $1 they risk. This is getting worse, and if this bettor were to make a million dollars in bets, he would be a net loser of $2 million.
Betting disaster index = .50 – This means that this person breaks even for every $1 they risk. If this bettor were to make ten million dollars worth of bets, he would be a net winner of $5,000.
As we can see, it’s much harder to be a net positive sports bettor as the betting disaster index goes up. This is because the higher the index, the less money you’re making (or losing) on your bets. If you want to try your luck, check this great Mybookie Promo Code for 2022.
