<!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:TargetScreenSize>1024x768</o:TargetScreenSize> </o:OfficeDocumentSettings> </xml><![endif][if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w
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I’m curious as to the answers to these questions as they seem to differ quite drastically from most individuals I speak with. Unfortunately, the most common response I receive is a blank stare followed by an inability to answer anything related to ROI, past results, future targets, floor levels, etc.
On the other hand, I have had individuals tell me they need a 10% return on the endeavor or it’s simply not worth it to them. Seems like an outrageously high figure to me, not a bad high-end target, but I wouldn’t think anything less would be a failure. I know many investors target a 10% return on non-sports investments, but this target is typically spread over a 12 month period compared to a sports season.
I notice the vast majority of posters do not track or post their ROI on this site and rarely have I heard it be a discussion point. I have had individuals tell me they don’t care about ROI and simply are happy if their account balance has increased. Sure, winning is better than losing, but at what price. In two of the last three seasons, all posted here, in college football I had a return of +1.4% and +0.8%. Based on the funds placed at risk, time and effort put into the entire venture, I would have been better served not spending any time or preparation on the season and not placing any wagers at all. Fortunately, these two seasons sandwiched a season where I had an 8.5% return, which I was more than pleased with.
Certain sports, which wagering is heavy moneyline based, such as baseball, hockey and soccer ROI is a clearer gauge on actual results compared to won-loss records and/or units calculations. I have seen posters in the baseball forum post amazing won-loss records, but after closer examination the record corresponds with consistent -220/-200/-180 favorites, so the wins verse losses is somewhat irrelevant. Units is a whole different discussion as these are off the chart with some posters with hundred unit games, every play at ten units, etc., which can cloud or misrepresent actual performance.
Does an uptick in you return change or alter your approach to a sport or does a span of negative returns force to adjust or cease to wager on the sport?
Thoughts or comments are greatly appreciated.
Continued success.
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On the other hand, I have had individuals tell me they need a 10% return on the endeavor or it’s simply not worth it to them. Seems like an outrageously high figure to me, not a bad high-end target, but I wouldn’t think anything less would be a failure. I know many investors target a 10% return on non-sports investments, but this target is typically spread over a 12 month period compared to a sports season.
I notice the vast majority of posters do not track or post their ROI on this site and rarely have I heard it be a discussion point. I have had individuals tell me they don’t care about ROI and simply are happy if their account balance has increased. Sure, winning is better than losing, but at what price. In two of the last three seasons, all posted here, in college football I had a return of +1.4% and +0.8%. Based on the funds placed at risk, time and effort put into the entire venture, I would have been better served not spending any time or preparation on the season and not placing any wagers at all. Fortunately, these two seasons sandwiched a season where I had an 8.5% return, which I was more than pleased with.
Certain sports, which wagering is heavy moneyline based, such as baseball, hockey and soccer ROI is a clearer gauge on actual results compared to won-loss records and/or units calculations. I have seen posters in the baseball forum post amazing won-loss records, but after closer examination the record corresponds with consistent -220/-200/-180 favorites, so the wins verse losses is somewhat irrelevant. Units is a whole different discussion as these are off the chart with some posters with hundred unit games, every play at ten units, etc., which can cloud or misrepresent actual performance.
Does an uptick in you return change or alter your approach to a sport or does a span of negative returns force to adjust or cease to wager on the sport?
Thoughts or comments are greatly appreciated.
Continued success.
