Have just received an email from a well known ratings/tips seller. they say their followers have made quote "52% profit on turnover. That is the same as making a $1.52 for every $1.00 outlayed". I feel that return represents 34%?

Explain why this is so.

The formula is: return -outlay/return *100-----1.52-1.00/1.00*100=34%

Sorry . Correction to last post. 1.52 - 1.00/1.52 * 100=34%

I guess my maths just not that good, can't work that one out.

Ok that works out but i still don't think it is the correct calculation for what you are trying to do.

Why are you dividing your profit in to the total return?

Shaun
I'll try to explain another way.
1. You have $1.00 in your bank.
2. You have a $1.00 bet. Win Return $1.52
3. You now have $1.52 in the bank.
4. You have made .52c. .52c is 34% of $1.52. ie 34% pot.