RAW PDF Files of ChatGPT Response: Page 1, Page 2
Since people may not want to believe me, I asked an independent source the question and got their response. My independent source was ChatGPT and I asked the following question: “what is the average ROI for a professional sports bettor”. Here’s what ChatGPT said…
The average ROI (Return on Investment) for a professional sports bettor can vary widely depending on the individual’s skill level, strategy, sport, and overall market conditions. However, in general, a “good” ROI for a professional sports bettor is typically in the range of 2% to 5%. Let’s break this down further:
1. Low ROI (1%–2%):
- Many professionals will be happy with a consistent ROI of around 1% to 2%. While this might seem low, in a field with high variance and the costs associated with betting (e.g., commissions, software, data, etc.), a 1%-2% ROI can still be quite profitable over the long term.
2. Moderate ROI (3%–5%):
- An ROI in this range is considered excellent. Bettors who can consistently achieve a 3% to 5% ROI have likely mastered certain sports or betting markets and have access to high-quality data and analytics. These bettors are often experts in one or two sports and specialize in specific markets (e.g., player props, futures, or niche betting options).
3. High ROI (5%+):
- Anything above 5% is very rare and would typically indicate exceptional skill, an edge in a particular market, or an advantage in finding inefficiencies that the broader betting community hasn’t noticed. These bettors may use advanced models, statistical analysis, or have insider information to generate their edge.
4. Factors Impacting ROI:
- Betting Volume: High-volume bettors may have a lower ROI but make up for it with sheer scale. Conversely, low-volume bettors may have a higher ROI but fewer overall bets.
- Sports/Markets Chosen: ROI can be better in niche or lesser-known sports with less efficient markets, whereas popular sports like NFL or NBA have very efficient betting lines, making it harder to find an edge.
- Betting Strategy: Professional bettors who use sharp betting strategies, like value betting, line shopping, or betting with contrarian approaches, will often see better ROI than those who just bet based on intuition or emotion.
- Bankroll Management: Proper bankroll management and avoiding “chasing losses” is key for maintaining a positive ROI.
5. Challenges:
- Bookmaker Limits: As bettors become more successful, bookmakers may limit the size of their bets, which can reduce the overall ROI.
- Edge Diminishment: The more a bettor wins, the more difficult it becomes to maintain an edge. This is because betting markets adjust based on new information, and lines become sharper.
In summary, a 2%–5% ROI is typically the target for a professional sports bettor, and even this requires skill, discipline, and a long-term perspective. It’s important to note that sports betting is inherently risky, and short-term losses can occur even for skilled bettors. A positive ROI over a large sample of bets is generally what separates a professional from a casual bettor.
So, you don’t have to believe me, ChatGPT says the typical ROI for a professional sports bettor is 2-5% and to quote ChatGPT, “Anything above 5% is very rare and would typically indicate exceptional skill, an edge in a particular market, or an advantage in finding inefficiencies that the broader betting community hasn’t noticed. These bettors may use advanced models, statistical analysis, or have insider information to generate their edge.“
TSP Portfolio lifetime ROI (Portfolio records & logs) is +16.6% and +8.8% in 2024!
Good luck!