Roi....

groundhog11 · Jan 4, 2014

Can someone give me the formula for ROI??

(gain-cost)
----------------
cost

so say on saturday ...bet is 110/100...winner
then sunday the bet is 220/200...winner

do you keep adding up the amount bet ?

im plugging in a wrong number somewhere.

DT32 · Jan 4, 2014

ground hog11 said:
Can someone give me the formula for ROI??

(gain-cost)
----------------
cost

so say on saturday ...bet is 110/100...winner
then sunday the bet is 220/200...winner

do you keep adding up the amount bet ?

im plugging in a wrong number somewhere.

Total amount won / total amount bet. In your example, it would be 300/330 for an ROI of 91%

groundhog11 · Jan 4, 2014

thanks dt32....so i guess over the course of a season, you keep adding the amount wagered up.

nojuice9 · Jan 4, 2014

yup, let's say through the course of a season you've risked (invested) a total of $50,000 and have won a net of $5,000 you'll have a ROI of 10%. I'm not sure what some people think is a good roi in our hobby, guessing most would be super happy with 5%.