Have I been figuring my net units wrong?
Let's say your unit size is $100 and you bet 100 games winninng 60 and losing 40. Here in Vegas if you bet $100 and win you get back $191 for $91 profit. So you multiply 60 *.91 and then subtract the 40 for +14.60 Units, or a net profit of $1460.00. $1460 profit divided by $10,000 wagered equals a 14.6% ROI.
But let's say you bet with a bookie. Now when you bet $100 and win you get back $100, but if you lose you pay $110. So the calculation would
be, (60 *1) - (40 *1.1) for +16 Units, or a net profit of $1600. $1600/$11,000 (110*100) =14.54%, or basically the same ROI.
So in actuality, isn't the the unit size for the second way really $110?
Maybe I'm just playing semantics, but how does everyone else do it? (I've been doing it the first way.)
The reason I ask is because the second way makes your results look better.
Let's say your unit size is $100 and you bet 100 games winninng 60 and losing 40. Here in Vegas if you bet $100 and win you get back $191 for $91 profit. So you multiply 60 *.91 and then subtract the 40 for +14.60 Units, or a net profit of $1460.00. $1460 profit divided by $10,000 wagered equals a 14.6% ROI.
But let's say you bet with a bookie. Now when you bet $100 and win you get back $100, but if you lose you pay $110. So the calculation would
be, (60 *1) - (40 *1.1) for +16 Units, or a net profit of $1600. $1600/$11,000 (110*100) =14.54%, or basically the same ROI.
So in actuality, isn't the the unit size for the second way really $110?
Maybe I'm just playing semantics, but how does everyone else do it? (I've been doing it the first way.)
The reason I ask is because the second way makes your results look better.
