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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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Report WINCHY November 15, 2009 9:45 PM GMT
=sum(20.58/70*100)

=29.4%

OK
Report mr mog November 15, 2009 9:50 PM GMT
Cheers Winchy. You're a hero. So today's ROI was not too bad for me as a beginner. This time next year........................
Report The One That Got Away November 15, 2009 9:55 PM GMT
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%
Report mr mog November 15, 2009 9:58 PM GMT
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
Report WINCHY November 15, 2009 9:59 PM GMT
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
Report mr mog November 15, 2009 10:00 PM GMT
whichever way you look at it winchy has come up with the calculation which works for me.
Report The One That Got Away November 15, 2009 10:04 PM GMT
sorry, misread the initial comment! :-)
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