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Return on Investment
sports bettingReturn on Investment (ROI) is a performance measure used to evaluate the efficiency of a bet or series of bets. It calculates the net profit as a percentage of the total amount wagered, offering a clear view of a bettor's profitability over time.
Key Takeaways
- 1Return on Investment (ROI) is a performance measure used to evaluate the efficiency of a bet or seri
Return on Investment
Return on Investment (ROI) is a performance measure used to evaluate the efficiency of a bet or series of bets. It calculates the net profit as a percentage of the total amount wagered, offering a clear view of a bettor's profitability over time.
Example
If a bettor wagers a total of $1,000 over a month and makes a net profit of $100, their ROI for that period is 10%.
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