General Betting
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Another quick one for you excel experts
Example
Say you stake £70 to back a number of bets during the day
At the end of the day your bank stands at £90.58
You're up £20.58. What is your ROI?
Example
Say you stake £70 to back a number of bets during the day
At the end of the day your bank stands at £90.58
You're up £20.58. What is your ROI?
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Replies: 7
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=sum(20.58/70*100)
=29.4% OK |
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Cheers Winchy. You're a hero. So today's ROI was not too bad for me as a beginner. This time next year........................
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Is that correct Winchy? if he bet £70 on 10 bets throughout the day, then his actual investment would have been £700, opposed to £70, which would mean that his profit would be approx 3-4%
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The total staked during the day added up to £70 (over a number of different races and at varying stakes). The balance at the end was £90.58 giving me a profit of £20.58
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He didnt say 10 bets, I read it as £70 in total for his number of bets....if this is wrong though you need to replace 70 with the total amount bet out during the day
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whichever way you look at it winchy has come up with the calculation which works for me.
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sorry, misread the initial comment! :-)
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