30th July 2008, 12:56 AM
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Member
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Join Date: Jan 1970
Posts: 4,426
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I disagree that liability is an indicator, yes liability is there, but not until you pay out on it.
Reporting it this way will distort your figures immensely I think.
If I lay $50 on a 100/1 shot I report it as $50 won if it loses, and $4,950 lost if it wins, I don't count the what if's.
So it's total dollars laid versus total profit/loss, not potential liability, nor potential profit.
Your outlay isn't what you paid out on winners, it is your total investment less what you paid out on winners.
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