• Jim Parker
    22
    I thought that I had the formulas correct for calculating $net and ROI but apparently not so, my numbers don't seem right, would you give me the correct formulas for these calculations.
    This is what I am using: $net = Return/Bet *2 and ROI = $net/2 (-1)
    Thanks in advance ....
  • Jim Pommier
    57
    Here's what I found. I'm not sure if it's what you're looking for. I wasn't sure what the $net is?
    If you wish to put a number on your own handicapping acumen, you can calculate your own $2 ROI. If you bet $5,000 in a year and win $6,000, simply divide your winnings by half of the amount you wagered. In other words, $6,000 divided by $2,500 (half of $5,000) is $2.40, a profit of 40 cents on every $2 wager.
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