The basis of the formula is detailed below. Here, the efficiency of bets is calculated, and in business terms, the efficiency of investments. The ROI formula looks like this:
ROI = (S1 – S2) / S2 * 100%
S1 is the winning amount, S2 is the sum of all bets.
Let’s take a simple example. Imagine that your account initially had 10,000 dollars. You made bets on 7000 dollars, not all bets were winning. As a result, you ended up with 11,000 dollars in your hands. Now we substitute all the values in our formula:
(11,000 – 7,000) / 7,000 * 100% = 57.14%
Remember at the same time that according to the considered formula, ROI can be not only positive, but also negative. The indicator will depend on how successful your bids were during the billing period. Due to the simplicity of the formula, ROI becomes universal for all bettors, and this gives reason to compare the performance of players individually.