What is distance in sports betting?
Bookmakers, when using the expression “distance in betting”, can lay 2 main meanings. The first meaning refers to the total number of bets placed by a player. The second refers to the concept of the bettor’s game itself, which calculates the profit/loss in a long-term game at the Bookmaker’s Office.
The former refers only to the number of bets placed, not their efficiency. For example, some bettors place one bet on large sums of money, over a period of time, while others place 50 or 100, but on smaller amounts of money, over the same period of time.
In the second case, the effectiveness of these bets is determined. The ROI (financial ratio, which shows the rate of return or loss given the amount of money invested) is calculated. With the help of this ratio we can calculate if the strategy or system used by the player is profitable. However, it is meaningless to calculate ROI in short odds betting, as there is a high probability of randomness or luck/unluck. Therefore, it is common to talk about a player’s financial success in sports betting over a long distance in betting.
Why should I measure my betting distance?
It is compulsory for bettors to measure the distance of their bets. Of course this does not apply to people who place one or two bets a month.
What number of bets is considered normal?
The term “normal” is of course relative and betting is not an exception. The distance for someone can be 10 stakes, for someone 100 or 1000. On the average, a good distance, by which you can judge the quality of a player is 500-1000 stakes. Based on the figures, it is possible to draw conclusions about the accuracy of the strategy chosen by a player in sports betting. If the stakes are negative, the player should consider changing his strategy.