30th March 2008, 05:18 PM
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Member
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Join Date: Sep 2006
Posts: 1,070
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Quote:
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Originally Posted by YoungBuck
I thought that too, but someone on another forum who was very persuasive in their arguement suggests your turnover is simply what bets you are holding as the bookmaker, not your potential risk.
So your example JFC would indicate $1 turnover only.
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Yes I didn't agree with that when I read it. JFC's right. It's the profit over and above your total liability that really should be used not your hold. I do record "Profit on Total Liability" for my own use but 3.5% doesn't sound as good as 23.4% "Profit on Total Hold" 
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Pixie "It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash
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