What is the difference between profit on turnover and return on investment?
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.
Join Date: Feb 2006
Posts: 24,647
I've never heard anyone use the term "profit on turnover", can you link to some examples?
Join Date: Feb 2017
Posts: 12
Join Date: Feb 2006
Posts: 24,647
Well, that's all I needed to know.
Join Date: Feb 2017
Posts: 12
Join Date: Nov 2009
Posts: 19,856
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.
Join Date: Feb 2017
Posts: 12