Horse Players

[10 pnt move up]

Originally Posted by richard burch

Whats the ROI on that?

123000/120000=roi

given the track take thats pretty good betting. In the old days that would be a much higher profit.

[richard burch]

Originally Posted by 10 pnt move up

123000/120000=roi

given the track take thats pretty good betting. In the old days that would be a much higher profit.

According to my calculator that is $1,025.00.


Just to be clear :wagered $120,000 and made $1,025 in profit, which is less than 1%. Is that correct?

[Indian Charlie]

Originally Posted by richard burch

According to my calculator that is $1,025.00.


Just to be clear :wagered $120,000 and made $1,025 in profit, which is less than 1%. Is that correct?

I think you need a new calculator.

[richard burch]

Originally Posted by Indian Charlie

I think you need a new calculator.

Nope! Tried 2 more and it always equals 1,025.

[Port Conway Lane]

Originally Posted by richard burch

Nope! Tried 2 more and it always equals 1,025.

What does your calculator come up with when you subtract $120,000 from $123,000?

[richard burch]

Originally Posted by Port Conway Lane

What does your calculator come up with when you subtract $120,000 from $123,000?

3,000.00

[Rupert Pupkin]

Originally Posted by richard burch

Nope! Tried 2 more and it always equals 1,025.

He said he bet $120,000 and ended up with $123,000. So he made $3,000. To
figure out his ROI is pretty simple. What percentage of $120,000 is $3,000? It is exactly 2.5%.

[Indian Charlie]

Originally Posted by richard burch

Nope! Tried 2 more and it always equals 1,025.

123000 divided by 120000 cannot possibly be over 1000. Your calculators are messed up

[Indian Charlie]

Maybe your calculatrs use commas for decimal points, which would make total sense.

[10 pnt move up]

The roi is 1.025 for every dollar bet as we standard see it on the Form for trainer stats, thats why I said to do it that way.

[Rupert Pupkin]

Originally Posted by 10 pnt move up

The roi is 1.025 for every dollar bet as we standard see it on the Form for trainer stats, thats why I said to do it that way.

Where are you coming up with that? He bet $120,000 and he got back $123,000. He made a $3,000 profit from his $120,000 bet. His ROI is 2.5%. It's not that complicated.

[Rupert Pupkin]

Originally Posted by 10 pnt move up

The roi is 1.025 for every dollar bet as we standard see it on the Form for trainer stats, thats why I said to do it that way.

My apologies. You are correct.