Great video, Train! ROI is such a misunderstood concept in sports betting and you have really made it make sense by thinking of the ROI being based on every dollar you put into play. I wonder if the amount of one's bankroll used for arbitraging would lead to a different calculation (because of the guaranteed returns)? For example, over the last year, my arb profits have been about 3% of my total dollars made on those bets. However, if I instead think about it in terms of betting, on average, about $1000/day on arbs, then my arb returns are nearly 900%. I should probably raise that average amount per day to achieve the type of compounding you demonstrate, but I often need to harvest my winnings.
Thanks! The return on arbs works the same way. You need to include both sides, as that is the capital you are locking up to get the return. Typically, dollar for dollar, arb returns are going to be lower than +EV plays at risk. But you get much more consistent returns, as long as the books are honoring the bets and you don't end up getting stuck only being able to get one side in too often.
Great video man, the best creator in this space!!
Thank you! That's very kind!
Great Video and explanation. I am dumb when it comes to math and you made me even understand it. Haha. Keep up great content!
Thanks! I am glad you found it useful!
Great video!
Thank you for checking it out! Glad you liked it!
Great video, Train! ROI is such a misunderstood concept in sports betting and you have really made it make sense by thinking of the ROI being based on every dollar you put into play. I wonder if the amount of one's bankroll used for arbitraging would lead to a different calculation (because of the guaranteed returns)? For example, over the last year, my arb profits have been about 3% of my total dollars made on those bets. However, if I instead think about it in terms of betting, on average, about $1000/day on arbs, then my arb returns are nearly 900%. I should probably raise that average amount per day to achieve the type of compounding you demonstrate, but I often need to harvest my winnings.
Thanks! The return on arbs works the same way. You need to include both sides, as that is the capital you are locking up to get the return. Typically, dollar for dollar, arb returns are going to be lower than +EV plays at risk. But you get much more consistent returns, as long as the books are honoring the bets and you don't end up getting stuck only being able to get one side in too often.