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Hub You - Business Angles and Sportsbetting
My grandmother has always taken an interest in my personal and professional undertakings but I was still surprised when she expressed the desire to learn more about my job as a merchant account manager (not exactly a titillating position). During the course of our discussion, I explained th
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of
People who own and operate trucking companies know the importance of having a freight bill paid on time. In fact, it is not only important it is vital to the trucker's success in business. Discovering ways around finding a good paying client that only pays every 30 or 60 days can be a very s
Placing a bet on a team and hoping for a win is no different than buying a particular stock and hoping for a rise in price. There are few differences between sportsbooks and brokerage firms. Both are middlemen who charge you a fee for their services. Both the sports bettor and the stock player are after a return on their investment (profit).
If a person buys a stock and it falls instead of rises in price, he loses money, or has a negative return on investment. If a sports bettor bets a team to win and that team loses, he also has a negative return on investment.
Calculating a return on investment is simple. Divide any profit by the amount risked to get it. If you bet $100 on the Colts to cover -3 at -110 versus the Patriots and they do, you have a ROI of 91% for that particular bet:
$91/$100 = 91%
But where ROI really can help you is over the course of many bets. Let’s say you made 50 bets at -110, risking $100 each time, over the course of the NFL season. You won 30 bets and lost 20. Your total investment for the season would be $5000:
$100*50 = $5000
Your total profit would be $730:
($91*30) - $2000 = $730
Where $2000 are your 20 losses. This would give you a return on investment of 14.6%:
$730/$5000 = 14.6%
Applying ROI to different aspects of your sports betting can reveal many things. It can reveal how good of a handicapper you are and where your strengths and weaknesses lie. It’s most useful, I think, as it relates to money management and how favorites and underdogs affect your bottom line.
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of $
Do you believe that employees drive company performance?Overall globally business faces at least 3 major internal challenges: attract and keep talent; actively engage existing employees;convert productivity lost due to internal in
If a person buys a stock and it falls instead of rises in price, he loses money, or has a negative return on investment. If a sports bettor bets a team to win and that team loses, he also has a negative return on investment.
Calculating a return on investment is simple. Divide any profit by the amount risked to get it. If you bet $100 on the Colts to cover -3 at -110 versus the Patriots and they do, you have a ROI of 91% for that particular bet:
$91/$100 = 91%
But where ROI really can help you is over the course of many bets. Let’s say you made 50 bets at -110, risking $100 each time, over the course of the NFL season. You won 30 bets and lost 20. Your total investment for the season would be $5000:
$100*50 = $5000
Your total profit would be $730:
($91*30) - $2000 = $730
Where $2000 are your 20 losses. This would give you a return on investment of 14.6%:
$730/$5000 = 14.6%
Applying ROI to different aspects of your sports betting can reveal many things. It can reveal how good of a handicapper you are and where your strengths and weaknesses lie. It’s most useful, I think, as it relates to money management and how favorites and underdogs affect your bottom line.
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of
The major part of an estimator’s job obviously is estimating job costs. In the past, doing this manually left marginal room for error. Today, with technology evolving everyday, software has been developed to reduce the chances of input error. The software offers an assortment of different te
Calculating a return on investment is simple. Divide any profit by the amount risked to get it. If you bet $100 on the Colts to cover -3 at -110 versus the Patriots and they do, you have a ROI of 91% for that particular bet:
$91/$100 = 91%
But where ROI really can help you is over the course of many bets. Let’s say you made 50 bets at -110, risking $100 each time, over the course of the NFL season. You won 30 bets and lost 20. Your total investment for the season would be $5000:
$100*50 = $5000
Your total profit would be $730:
($91*30) - $2000 = $730
Where $2000 are your 20 losses. This would give you a return on investment of 14.6%:
$730/$5000 = 14.6%
Applying ROI to different aspects of your sports betting can reveal many things. It can reveal how good of a handicapper you are and where your strengths and weaknesses lie. It’s most useful, I think, as it relates to money management and how favorites and underdogs affect your bottom line.
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of
Here is a funny story. An event coming up next weekend that will benefit a local charity. This event, like other special events, is a revenue stream for nonprofit organizations and requires corporate sponsorships. A big car dealer was contacted and asked for his consideration. After a call o
$100*50 = $5000
Your total profit would be $730:
($91*30) - $2000 = $730
Where $2000 are your 20 losses. This would give you a return on investment of 14.6%:
$730/$5000 = 14.6%
Applying ROI to different aspects of your sports betting can reveal many things. It can reveal how good of a handicapper you are and where your strengths and weaknesses lie. It’s most useful, I think, as it relates to money management and how favorites and underdogs affect your bottom line.
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of
Change is the law of life.― John F. KennedyAn emergency room (ER) nurse kept hearing complaints from patients who had been waiting for hours to see a doctor. After reading The 2,000 Percent Solution, she began to keep track of how long it took various kinds of patients to
Risking $100 each time, if you make 10 bets on -150 favorites and win seven of them and lose the other three, you have a profit of $166.69 and a ROI of 16.67%. Not too shabby. But if you shopped around and were able to get those same bets at -145, your ROI would increase to 18.30%.
As a tool for the sport bettor, ROI can’t be underestimated. Try applying to individual sports or various timeframes. It can reveal a lot and help you make better decisions regarding bets and bankroll management in the future.
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