What Is Betting Yield?
The sports betting world is full of concepts that you must know to become a successful bettor. Most come from Anglo-Saxon countries, like "Yield." Surely, you have found this term in betting blogs. But, what does betting yield means? Yield is efficiency or productivity synonymous. In sports betting, this concept refers to the rate of return of the money bet. That is, how much is your net profit for each dollar you bet.
How To Calculate The Yield In Betting?
Calculating the betting yield of our bets is very simple. You have to apply the following formula:
- Yield = (net profit made / total money wagered) X 100
The result is expressed as a percentage. Let's see an example of how to calculate it:
- Suppose we place 20 bets having a $ 30 net profit after betting in total $ 120. First, we divide the net profit by the money wagered, 30/120 = 0.25. Then, we will multiply that result by 100, 0.25 X 100 = 25%. So, our Yield is 25%.
What happens to the Yield when we do not have profits but losses? Can we keep calculating it? Of course, but in this case, the Yield will have a negative value.
What Is The Yield Used For In Betting?
The main betting yield utility is to know how profitable we are as bettors. Good or bad streaks conditioning betting yield results when we have few bets. In the long run, say at 300 bets or more, these offset each other. It is also useful for identifying good forecasters or betting tipsters. Typically, a good bettor will be around 5-10% betting yield in the long run. However, if the betting yield calculation returns positive values, it means that you are making money. When talking about betting yield, it is important to understand that it is a proportional measure. Moreover, for fair comparisons, betting is talking about units, not currencies. What does this mean? Let's see it through an example. Suppose we are evaluating two tipsters, named Charlie and Mary, and we want to know which one of them is better. These are their results:
- Charlie has a $ 700 net profit after betting $ 9000.
- Mary has a $ 350 net profit after betting $ 3000.
At first glance, it might seem that Charlie is a better tipster because his profit is double that obtained by Mary. However, when calculating each one betting yield, we will have the following:
- Charlie Yield: (700/9000) X 100 = 7.8%
- Mary's Yield: (350/3000) X 100 = 11.67%
Mary has a higher betting yield, so she gets a bigger profit for every dollar she bet. Therefore, Mary is a better tipster than Charlie. The betting yield means the number of units that we will win for every 100 units we bet. If we have a 10% betting yield, we will win 10 units for every 100 units bet. If one unit equals one dollar, we will win $ 10 for every $ 100 wagered. In summary, we can say that the betting yield is the best tool to know if a bettor is good or not.Tags :
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