Yes fellas you are right. I am quoting the formula for win profit % not TURNOVER %. Regards (By the way the email i'm quoting is from from a VERY well known source.)

Geez, petstep, don't give too much away!

There is a system that's showing 52% POT and I'm marketing it for let's say $5k plus 10% commission on your winning bets and it's absolutley guaranteed to turn $5k into $400,000 in two months.

See Darky for the system and his buddy bhagwan for the staking method.

Any complaints, also refer them to the abovementioned gentlemen. I'm just the middleman you see!


ps; Oi darky, is $5k too cheap for the "R" system or just about right?

The email and system did not concern me i was only interested in the maths behind that profit.

There is only 2 ways that i know of to calculate profit
POT (Profit/Total Outlay) x 100
ROI (Profit/Start Stake) x 100

Same calculation but i prefer the POT because showing how much you had to turn over to make the profit can easily be used to show the stability of the investments.

Petstep, ask yourself this, if you were making 52% POT, would you be selling it to others???

Champion Picks tips members are making 52% profit on turnover in 2012.

That's only 1 month.

Mark , I wasn't in the slightest bit interested in the tips, only the mathmatics behind the sentence. Pjr has now told you where I read it. Champion Picks weekly newsletter.

POT on 96 bets with the Bhagwans NEW method is Outlay $7200 /Nett Profit $2902 so $2902 divided by $7200 = 40.3 % POT.

Barny ,
As for Baghwan and I pricing each individual system I remind you That these were given out FREE so no pricing needs to be concerned about.
We do this to contribute something worthwhile to others to consider.
Whether they use them is entirely up to each individual.
Cheers
darky

34% is profit on return (POR), a bit like profit on selling price. Maybe POR has some relevance when betting to win a certain amount. In this example it means that your profit is 34% of what you get back. If you get $100 back your profit would be $34 and your outlay $66 and POT is 52% (34/66*100).

I find the easiest way to look at such figures like 52% POT

Is to say in every 100 races bet at $1.00 on each selection.
Using $100 bank.

New Bank now stands at $152

AKA - ROI 152% (Ret On Investment)
This is always calculated on a theoretical 100 bets as in 100 percentile points.

52% Profit On Turnover (POT)
52 is the Profit between 100.00 and New Bank 152.00

If you wish to find out what the average price is.
Divide number of winners per 100 races (as in win %) into the 152.00 Return in every 100 bets.

Example
40%SR for a 52% POT

40 winners / Divided into total return of $152.00 = Av Price $3.80

To check
40 x 3.80 = Ret $152 - O/L 100.00 = Prof 52.00
52% POT

__________________
Cheers.

Just a little tip Petstep.
Try & find out what Bookie they used.

The reason I say that is a friend of mine had a go at that service & found their
SR was the same but POT was not nearly as handsome as those published in there monthly mail out.

__________________
Cheers.