What is the difference between profit on turnover and return on investment? - Gambling and Probability

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What is the difference between profit on turnover and return on investment?

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02-23-2017 , 02:48 AM

kaiibiux

stranger

Join Date: Feb 2017 Posts: 1

If you invest $1000 and the total return including investment is $1100 ($100 profit), the POT is 10% as is the return on investment, they seem to mean the same thing just worded differently is this correct? thanks.

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02-23-2017 , 11:39 PM

RustyBrooks

Carpal \'Tunnel

Join Date: Feb 2006 Posts: 24,647

I've never heard anyone use the term "profit on turnover", can you link to some examples?

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02-24-2017 , 03:41 AM

kaiibiux.

stranger

Join Date: Feb 2017 Posts: 12

https://www.google.com.au/webhp?sour...+on+turnover&*

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02-24-2017 , 10:11 AM

RustyBrooks

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Join Date: Feb 2006 Posts: 24,647

Well, that's all I needed to know.

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02-24-2017 , 10:43 AM

kaiibiux.

stranger

Join Date: Feb 2017 Posts: 12

Article example http://thegreattipoff.com/news/11/20...-high-turnover

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02-24-2017 , 08:28 PM

Didace

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Join Date: Nov 2009 Posts: 19,863

It seems to me - and this is just my impression from the types of questions that turn up here from time to time - that in Australia and UK the horse race betting industry has a lot of lingo specific to them. I think - again, just an impression, the people giving advice do this to make it seem more complicated than it is.

In this case, from a quick review of a few sites, "turnover" is just their term for the total amount bet over a period of time. So to answer you question, yes.

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02-24-2017 , 11:06 PM

kaiibiux.

stranger

Join Date: Feb 2017 Posts: 12

thanks

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