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17th November 2003, 08:25 PM
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Member
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Join Date: Jan 1970
Location: Yarra Valley
Posts: 241
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Hi BottleBoy,
Profit on Turnover is quite easy to calculate. Let's assume you've had 100 bets at $10 each... Your turnover is $1,000. Let's then say that you have actually returned $1,100 from those bets, so your profit is $100.
Profit on turnover is Profit * 100 / Turnover, so
POT = 100 * 100 / 1000 = 10%.
Return on Investment is similar, except you need to determine what your "investment" is. I have seen a number of people define the investment in a number of different ways. Personally, I would steer clear of ROI, and just consider POT.
Cheers,
Chris.
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