Profit

Profit Growth

Every gambler has a desire to see his betting account growing all the time. He plays around with a certain capital that he has earmarked for betting only. The amount that is dedicated to betting should be affordable so that the punter does not become bankrupt if he loses the entire amount. If the punter is unable to pay his utility bills after emptying his betting account, the money set aside for betting is more than he can afford. It is prudent to reduce the amount of betting in such a case.
If a punter wants to grow his profit, he has to understand the following two factors

• Yield from betting
• Betting rate

Yield from betting is obviously the return the punter gets on his bets. Betting rate is the frequency of betting or the number of bets placed by him in a certain time period. In financial terms, yield is the annualized returns obtained from investment. It is often expressed in the form of percentage. This is done to know in easy terms how much a punter has gained with his investment. You can know the yield by dividing your profit with the amount of money you pumped into betting. Multiply this ratio by 100 and you get the yield of your betting investment.

The thing to understand here is that yields for a punter cannot be uniform as is the case with an investor who parks his money in a CD with a bank. The punter uses his initial capital but experiences intermittent bouts of successes. Therefore the yield for a punter continues to fluctuate all the time.
Any good waging system should be designed keeping in mind the yield of the punters. His profits from bets that he has won should be recycled so that he is not forced to withdraw funds from his original capital. Betting yield is a good indicator of the success for the punter who has an edge over the bookmaker. The twin principles of forecasting and value betting can be easily used to determine if the punter has an edge over the bookie or not. In fact, these principles can also quantify this edge in easy terms.

The advantage that a punter has secured over the bookmaker can also be seen by taking a look at his yield derived from a number of bets over a period of time. If the punter has obtained a yield of 1100 Pounds from a hundred bets of 10 Pounds each, it is evident that he has 10% edge over the bookie. However, if his yield is only 900 Pounds, it is clear that the punter is unable to overcome the odds given by the bookmaker.

It is a fact that a vast majority of the gamblers report a loss year after year. This loss is estimated at 10% which also happens to be the profit of the bookmaker revealed through overround. Thus it is clear that the inherent strength of the waging system is reflected by betting yield.

If you ask a gambler, all he is interested in is to know how much money he can make through betting in a year. He should rather focus upon his own betting strategies to attain the targets he has set for his betting yield.
Most punters dream of doubling their bankroll in a year through betting. This is a very ambitious target that is attained by very few punters. A more sound approach for punters would be to study the performance of the gamblers in the past and then set their target keeping in mind their size and betting frequency.
It is not rocket science to understand that you need to double bet number to achieve the same yield if the size of bets is decreased by half. However, fixed odds waging in field sports is not this simple. The outcome of matches or the performance of a team is influenced by many external factors such as injuries, morale, and even the weather conditions. Nevertheless, a punter can hope to achieve his yield goals by being organized and choosing the size of his bets and their frequency. He also needs to study the past performances of a team to make a winning prediction.