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- - Calculating POT (http://forums.ozmium.com.au/showthread.php?t=18694)

Mike367

19th March 2009 07:16 PM

Calculating POT

Will some one please tell me if I've got this right.

If I make 5 bets at $1.00 each,
Total stake $5.00
2 of my selections win, returning $4.50 and $3.50.
Total return $8.00.
Take out orignal stake ($5.00) leaving a $3.00 profit.
POT = %60
S/R = %40

POT = profit ($3.00) divided by stake ($5.00) multiplied by 100.

S/R = wins (2) divided by bets (5) multiplied by 100.

If this is wrong will you please make the required corrections.
Thanks.
Mike.

Mike367

21st March 2009 08:33 AM

Well I guess it must be correct, with 30 odd views and no replys.

Sportz

21st March 2009 10:23 AM

Ummm yeah, sorry mate. Didn't see this before now, but that's right.

sportzfan

22nd March 2009 09:47 AM

yep...works for me

Mike367

22nd March 2009 03:12 PM

Thanks for the confirmation.
Mike

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