profit/loss on t/over

[umrum]

how do you work out profit/ loss on turn over.

is it total bets($) / total returns($).

cheers

umrum

[osulldj]

Hi Umrum,

POT = (Your Return - Your Outlay) / (Your Outlay) x 100

For example if you outlayed $20,000 and had a return of $25,000, your POT would be:

(25,000-20,000) / 20000 = (5,000 / 20,000) x 100 = 25% profit on turnover.

Cheers :smile:

[umrum]

On 2003-08-25 16:22, osulldj wrote:
Hi Umrum,

POT = (Your Return - Your Outlay) / (Your Outlay) x 100

For example if you outlayed $20,000 and had a return of $25,000, your POT would be:

(25,000-20,000) / 20000 = (5,000 / 20,000) x 100 = 25% profit on turnover.

Cheers :smile:



thanks mate.