Yield in sports betting

Yield in sports betting

Why do we need Yield?to top

A lot of players searching for a ‘golden mean’ (especially while they lose at the bookmakers) are more often looking for other solutions that can guarantee profit at the betting shop. Therefore, players often step aside from their concept of the game, based on the intuition and personal experience, and choose other sources, ranging from free tips, websites with paid tips or the so-called sure bets and fixes matches. Of course there are those who trust the opinion of other respected players betting at the bookmaker web portals. Keeping in mind the fact that professional players do not usually disclose their personal data, we decided to provide the only known form which really represents the player’s ability to predict sporting events. We are talking about Yield, which perfectly identifies our bets, since it allows you to determine the level of knowledge, skills and potential we have.

 

What is Yield and how is it calculated?to top

All players both professionals and beginners came across this concept many times. Yield is a percentage calculation of the betting efficiency, depending on the selected bets and odds for the match or bet slip.

The classical definition of Yield:
Yield is the rate of return, relation of the earned / won money to invested money.

From the mathematical point of view Yield index is calculated with the help of the following formula:

  • [(av - ab) / ab] x 100%
  • [(The amount of victories - the amount of bets) / the amount of bets] x 100%

EXAMPLE

Match Odds Bet Win/Loss Wins amount Gain/Loss
Arsenal-WBA 1,40 8 Win +11,2 +3,2
Real M-Getafe 1,25 9 Win +11,25 +2,25
Alkmaar-PSV 2,20 5 Win +11 +6
PSG-Lille 2,50 5 Loss 0 -5,00
Lech-Arka 1,60 7 Win +11,2 +4,20
Total   34 4/1 +44,65 +10,65
The profit in the presented simulation amounts to 44.65 (the amount of winnings)
The bets amount to 8 +9 +5 +5 +7 = 34 (the amount of bets)

We put our data into the formula:
[(av - ab) / ab] x 100%
[(44.65 - 34) / 34] x 100% = 10.65 / 34 x 100% = 0.31 x 100% = 31%

In the presented simulation table Yield amounts to 31%.
 

 

What should you know about Yield?to top

Yield is measured in percentage. It is believed that the higher Yield index is, the better the player is. It is difficult to estimate the real Yield percentage limit, according to which it can be argued that this is an effective player. Analyzing bookmaker websites which provide paid forecasts of the professional players, we can argue that a good player has Yield of 5 - 15%. And here comes the “hook”, since in order to test this statement we need two dependencies.

The first dependency is connected with the number of bet slips / bets in which Yield is calculated. We cannot say that the player is efficient if his/her Yield amounts to 20%, without knowing his/her history of bets. Yield can be checked after a short period of time, for example after 10 bets Yield can be very high and equal to 27%, and in another case, after 1000 bets it can be equal to 5%.
Does that mean that a player who has 27% yield is more effective than the one who has 5% yield? No, it does not. Quite the contrary, Yield increases over the time and decreases rapidly if we often lose! It is therefore very important to maintain it at a high level, e.g., 30% Yield, this result will bring the player unlimited profits for a long time.

The second regularity depends on the time when Yield was obtained. Of course it also complements the number of bets, and analyzing the game history of our players we can illustrate their effectiveness and what influenced their choice of bets. Speaking of the player with good position, whose Yield index has been quite high for several years, we can say that this player plays regularly and has no long periods of "hard luck".

 

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Comments

Anonymous
Hugo Weaving |
08.01.2015 | 12:01 pm wrote:

Along with good luck, you will certainly need a good presence of mind, and analytic skills to make good profits in sports betting. To become a champ in sports betting, you have to be a bit knowledgeable and strategic. It is since sports betting can be enjoyable yet it also involves a particular risk degree where you could shed your cash very quickly.

Anonymous
Amyufgj10 |
24.07.2014 | 1:07 pm wrote:

This is the first time I am reading such a detailed post on sports betting. I think there are a lot of techniques included in this field of business and it is not that easy to shine in this field. It was interesting to know the way the yield in sports betting is calculated. Thanks for the share.

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