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01 Jul 26
10:56
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17 Apr 12
Interesting tbh….
A person told me he doesn’t do ROI or silly spreadsheets…
Strange tbh,like dieting without stepping on the scale imv….
Who has a good ROI…?
A person told me he doesn’t do ROI or silly spreadsheets…
Strange tbh,like dieting without stepping on the scale imv….
Who has a good ROI…?
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Replies: 32
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.....Not me !........too embarrassing.
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Nothing to be embarrassed about tbh….
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Certainly not Aceform
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Ha ! It stalks……
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I once proved that roi on horse racing was not what roi was invented for and is false, those who understand racing know that
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I'm not convinced ROI is worth calculating, especially for players who back (or lay) at a range of prices. If you've got more money at the end of the day, week, month or year than you had at the start, that is a good thing.
But you could ask Betfair to add ROI to the "profit and loss" pages if you feel strongly about it. Heck, maybe it is already there. I've never checked. |
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Now I remember as adverts had to publish it, saw that,so I did the maths and proved it was false for those who were thinking it was relevant it wasn’t, it seems the adverts were under rules issued by Asa and was told it was something to do he was a ex financial advisor who thought it was a good idea, it never got changed lol
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Know-all - would you mind setting out you point again, I'm interested.
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The only thing that counts is are you making profit or loss and if so.how much?
Naturally,this is an Alien concept to Aceform |
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if your total liabilty for the weeks bets was 100 pounds, and you made 10 pounds profit on the week, then for that week, you were world class. the trick is to sustain that level over the months and years
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It wasn’t hard seem to recall it was the turnover figures that was different to normal roi
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Will see if I can do better with facts I put all them years ago
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I used chat gpt ai but can’t paste, yes it’s like I thought when you see roi we traditionally think of investments, that dosent travel well over to betting roi as you are churning your money over and over to can be high turnovers, where in traditional investments you invest 5k and get a roi, where by you can turnover hundreds of thousands in betting to get that same roi, so its not suitable imo to base any horse racing betting in roi, I recall it was a investment bloke who brought in the rule for the Asa in adverts not knowing that difference, you know when any racing service or same that they lack knowledge of betting and to avoid
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If you are planning to bet for a living then it is essential to calculate a realistic ROI target in order to A) establish what a reasonable profit forecast is realistic and enough to stop you going under, and B) using that profit forecast to understand how much you need to turnover in order to achieve the profit forecast.
Turnover by year, then broken down by month, week and day. |
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Even Loper's scheme only works in narrow price ranges. Averaging 1/2 good things with 25/1 shots is absurd.
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I'm confused by the confusion here.
If I stake over a year £1m and make a profit of £100k then I've returned a 10% profit on turnover. |
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So what? If you've made £100k you will already know and your ROI is irrelevant. If you are playing at different prices, it is meaningless because the ROI from your 20/1 bets will be different from the ROI on your 2/1 bets (and neither takes any notice of volatility there!). And as knowall points out, you probably never had £1 million in order to turn over £1 million because you and the bookie are forever recycling the same cash from race to race; it is not like buying £1 million worth of shares where you did start off with a million.
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formoftheace 01 Jul 26 10:56
Who has a good ROI…? ive staked 27,000,000,000 prophet 3.350,000 mel and kim. |
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return on investment is profit divided by total liability. doesnt matter if its different prices
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If your betting is for fun and not to support a financial need then why bother with a ROI. I can see that logic. What relevance is it? None really. You are happy with what ever you might make in profit
But if you NEED to make a profit and have a specific figure in mind then you need to understand how much you need to stake in order to achieve that profit. You do that by establishing an ideal but realistic ROI. |
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loper is correct
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to win £500 a week you'd need to be staking an average of 5k a week. thats if you're really good. if youre not as good as that, then you need to have a tipping line too
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you need to have a tipping line too
LOL TTT! |
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the politissinns , ye ~1% , da savages andde de #invaders ----- restte of usse; hhmm, us #EmeraldIsle has seen #betterdayes, alas
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The old Aceform was not involved in any of this Spreadsheet and Data Bolllix ,Blips and Reload ,a man punting his way out ,keeping a Beady eye out look for every opportunity
You've gone at the Game IMO |
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fártfromtheface ROI is -29,887%
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I am not so sure that Aceform is actually betting as his updates are beyond pitiful
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3 second fudges.
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Delbert has an ROI of 100% as the moron doesn't bet
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As sad as it is I've got records of every bet I've placed going back 25+ years. So I know what the return to stakes % is etc.
As has been said ROI for investments is as simple as the percentage return etc but doesn't really work in this sense for betting as the same money is turned over repeatedly. So for betting I think of the ROI as the return to stakes figure expressed as a %. Return on Capital Employed (ROCE) more accurately shows the return on how much money you have tied up. For example in a year: Betting bank £50,000 Total Stakes £1,000,000 Profit in stakes £50,000 Above figures give a betting ROI of 5% and a ROCE of 100%. Anyone who has bet for years and years will tell you 5% is very good and 3-4% still very decent. The high ROI are usually when the stakes aren't that great i.e. 10% on £100K staked in a year rather than 2-3% on £1m. |
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99.78% of pre race punters will have a minus ROI.
fact |
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And,no I/R will have a high ROI
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