Question

rickcrumrickcrum Junior Member
edited February 2010 in Horse Racing Forum
This is a dumb question but can someone tell me how you figure the roi on wagering

Comments

  • DiscreetCatDiscreetCat Moderator
    edited February 2010
    It's easy. Just multiply your win percentage times your average mutuel.

    For instance, my record here now stands @ 66 for 238, which is 27.7%.

    My total mutuels are $564.60, which divided by the 66 winners makes for an average win price of $8.55.

    27.7 x $8.55 = $236.84

    So for every $200 i bet, i get back $236.84, which of course is an 18.42% ROI.
  • dodgers45dodgers45 Senior Member
    edited February 2010
    Formula for ROI is:

    (Gain from investment - (minus) cost of investment)
    ROI= _________________________________________

    Cost of Investment
  • dodgers45dodgers45 Senior Member
    edited February 2010
    that is :

    Gain from investment - (minus) Cost of investment ( Divided by) Cost Of investment = ROI

    This can be a positive or negative number
  • rayphilrayphil Senior Member
    edited February 2010
    the best way to o that is to pat your pocket win you leave the track...(best way) old fashion.
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