Quote:
Originally Posted by CheckMark
PRX R4 #4 2nd
10 cent Super Play missed out on a $131.96 payout! 
YEAR BEST PLAY: 4/8 50.0% $20.80
For my ROI
HIT RATE: 50.0%
BET: $40 ($5 times 8 races=$40)
RETURN: $2=$20.80 My $5 Bets= $52.00
PROFIT: $12
ROI: Profit/Bet Total*100= $12/$40*100= 30%
Not sure if that is correct formula but I think 30% is good? |
You should keep everything on the same $2 cost basis - Payoffs to $2 and Bets to $2 (not payoffs to $2 and Bets to $5
). Thus:
Cumulative Stats ($2 Win Bets):
Hit %: 50% (4/8)
Bet $: $16.00
Ret $: $20.80
Net $:
$4.80
ROI%:
30%
Simple! And - congratulations Conley!
P.S. - Don't mix Win bets with other bets in your reporting. Report each Bet Type separately - e.g. Win, Exacta, Super, etc - and summarize them all periodically, to show how you're doing overall.
Ted