# How to Calculate Your Win Percentage with Betting Systems

The main purpose of sports betting is to make money. While there are a variety of ways to make money from sports betting, the most successful sports bettors follow a set of methods that allow them to consistently place profitable wagers. In general, the key to profitable sports betting is to use proven methods to determine the likelihood that a certain event will occur based on the statistics associated with that event. To this end, the following article will walk you through the steps to take in order to accurately determine your win percentage based on the events you participate in.

## Steps to Calculate Your Win Percentage

As a bettor, it’s your responsibility to determine your win percentage by analyzing the results of your wagers. In order to do this, you will need to keep track of the outcomes of your wagers and the betting lines associated with each wager. You should keep a running total of your earnings and expenses throughout the year, along with a record of the bets you placed. There are a variety of online tools that can be used to keep track of these numbers and provide you with an easily accessible report at the end of the year.

## Determine Your Profits And Losses

After you’ve entered your bets into a spreadsheet, you should review the total amount of profit and loss for each event. These numbers will determine your profitability for each event and can be used to calculate your win percentage. For example, if you placed \$10,000 on the Indianapolis Colts – New England Patriots game and the Patriots beat the Colts 29-27, your profit would be \$7,000. This would give you an overall profit of \$12,000 from bets on that game. If you’d lost money, your profit for the day would be \$2,000 (\$10,000 loss – \$7,000 profit = \$2,000). To determine your win percentage for an event, you’ll want to look at the win probability of the event and multiply it by your winning percentage for the day:

• Probability: This is the likelihood that the event will occur based on the statistics associated with that event. For example, the Jacksonville Jaguars are 15-1 against the Tennessee Titans over the past three seasons. That’s a 60% chance of winning for each game. If you’d wagered \$100 on each of those games, and the Jags beat the Titans 37-6, your winnings would be \$6,500.
• Winning Percentage: This is the probability that you’ll win at least \$1 from a single wager. If you’d won \$1,000 from 12 different wagers, your winning percentage for the day would be 12/12 (100%).
• Expected Profit: The total amount of profit you expect to earn based on the probabilities and the amounts you’ve wagered. In our example, you’d earn a \$1,000 profit based on the 60% winning probability for the Jags against the Titans and \$100 wagered.

When evaluating your results for a particular day, you should calculate your win percentage for both the event and the sport. In our example, you would have a 60% winning percentage for the Jags against the Titans, and a 50% winning percentage for American football. Since the event was a tie, your overall win percentage for that day would be 60%. Breaking it down further, you would have a 40% win percentage for the Jaguars against the Tennessee Titans, and a 50% win percentage for American football.

Determining your win percentage is an important step in the process of successfully placing profitable wagers on sports events. In addition to keeping track of your results, you should also look at the events you participate in and the amounts you bet on those events. If a certain event has resulted in low profits thus far, but you believe it will start bringing in the big bucks from here on out, you may want to consider placing bigger bets on that event. Otherwise, if the opposite is true, then it may be a good idea to decrease your bets on that event or remove it from your lineups completely.