Working The Crucial Ratios and Indicators
Organisations often use ratios and other indicators to judge their performance in key departments. They then set themselves goals to hit in these particular departments to continue to grow. Here are some indicators and ratios that every gambler should use, analyse and seek to improve.
Research Time – Always allocate some time to pure research. Research allows you to make good decisions, and will ensure your money is well spent on the correct bets.
Return On Interest (ROI) – This is a very important indicator. This is the money inflow relative to your bets or outflow. The key here is to make sure it is positive so that you know that you are making a profit. Aiming to improve your ROI will mean greater profits and greater value for every dollar spent.
Bankroll Growth – Growing your bankroll is essentially what every gambler is trying to do. The greater the bankroll, the more money you have to play with and the larger the bets you can make. Always try to compare your bankroll growth by subtracting your current bankroll with the previous month, week or year’s bankroll to ensure that you are growing at an improving or consistent rate.
Winning Bets to Losing Bets – Always aim to have more winning bets to losing bets. Keep the bet sizes the same, but look to grow the ratio so that you know that most of the bets you make are good decisions.
Winning Underdog to Favourite Bets – This interesting ratio will show how many times you are backing the greater value of two teams or horses and getting paid for your courage. Real value is always found when picking the underdog so always be on the look out for the upset. Of course, if you ratio is very low here, then maybe you should just stick to picking the favourite.
Use these ratios and indicators to improve your gambling results.
