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#1
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![]() Just a small query here about calculating the Profit On Turnover.
I have been offered many ways on how to achieve this but still am non the wiser. After 2.5 years in this game I have finally realized that turnover is the thing ( ? ) I have also decided that I am a recreational punter and love every minute of it. Even the 4Tracks4kids walk. Kind regards to one and all. |
#2
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![]() Quote:
Welcome, however you still have a bit to learn- maybe a little - maybe a lot. I am assuming you are a punter. if you own the TAB turnover is the thing. if you are a punter - profit is the thing. |
#3
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![]() POT (Profit on Turnover) is Long Term say over a year
ROI (Return on investment ) is a Daily thing. POT You have a bank of $5000 which you have turned over once in the year for a profit of $880 (Bank now $5880) Formula $880 Divided by 5000 % = POT for the year of 17.6 % So for every $100 outlaid you made a profit of $17.60. Most Professionals would kill for this figure but this is only a example Hope that helps. |
#4
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![]() Quote:
Hi calceti, Also suggest a read of this. http://tinyurl.com/p6prz3e
__________________
Regards Paul Daily - Ratings2Win Pty Ltd (Director) R2W Axis - Axis is Australia's leading horse racing software and database; with sophisticated form analysis tools and accurate performance ratings that include Hong Kong. http://www.ratings2win.com.au/ |
#5
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![]() Thank you very much one and all for the information you have supplied to me, it is most appreciated.
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