Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Horse Race Betting Systems
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 25th August 2003, 12:58 PM
umrum umrum is offline
Member
 
Join Date: Jan 1970
Posts: 820
Default

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

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

cheers

umrum
Reply With Quote
  #2  
Old 25th August 2003, 03:22 PM
osulldj osulldj is offline
Member
 
Join Date: Jan 1970
Location: Melbourne
Posts: 166
Default

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:
Reply With Quote
  #3  
Old 25th August 2003, 03:36 PM
umrum umrum is offline
Member
 
Join Date: Jan 1970
Posts: 820
Default

Quote:
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.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 05:04 AM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655