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mr mog
15 Nov 09 21:38
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Date Joined: 01 Nov 04
| Topic/replies: 9 | Blogger: mr mog's blog
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?

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Replies: 7
By:
WINCHY
When: 15 Nov 09 21:45
=sum(20.58/70*100)

=29.4%

OK
By:
mr mog
When: 15 Nov 09 21:50
Cheers Winchy. You're a hero. So today's ROI was not too bad for me as a beginner. This time next year........................
By:
The One That Got Away
When: 15 Nov 09 21:55
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%
By:
mr mog
When: 15 Nov 09 21:58
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
By:
WINCHY
When: 15 Nov 09 21:59
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
By:
mr mog
When: 15 Nov 09 22:00
whichever way you look at it winchy has come up with the calculation which works for me.
By:
The One That Got Away
When: 15 Nov 09 22:04
sorry, misread the initial comment! :-)
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