[ItsMeMrMattE]

am i calculating ROI% correctly here?

Ticket #: 2546665 Jun 30 07:05 PM	MLB	STRAIGHT BET [957] TEXAS ML+135 ( ACTION )	10.00 / 13.50	-10.00	LOSE LOSE	06/30/2014 08:54 AM
Ticket #: 2547275 Jun 30 07:05 PM Jun 30 07:05 PM	MLB MLB	PARLAY (2 TEAMS) [952] WASHIN -240 ( ACTION ) [962] TOTAL u8EV (TAMPA vrs N.Y. Y) ( C ARCHER -R / D PHELPS -R )	12.00 / 22.00	22.00	WIN WIN WIN	06/30/2014 06:10 PM
Ticket #: 2547258 Jun 30 08:10 PM	MLB	STRAIGHT BET [966] HOUSTO +102 ( ACTION )	10.00 / 10.20	-10.00	LOSE LOSE	06/30/2014 05:52 PM

this would equal 10% ROI, correct?

[ItsMeMrMattE]

here's tomorrows plays.

Ticket#:2547582 Jul 01 01:07 PM	Jul 01 04:37 AM	MLB	STRAIGHT BET [925] MILWAU +105 ( ACTION )	10.00 / 10.50
Ticket#:2547585 Jul 01 04:00 PM	Jul 01 04:54 AM	SOC	STRAIGHT BET [9423] BELGIUM -½+105	10.00 / 10.50
Ticket#:2547586 Jul 01 12:00 PM	Jul 01 04:54 AM	SOC	STRAIGHT BET [39001] SWITZERLAND +1-105	10.50 / 10.00
Ticket#:2547591 Jul 01 04:00 PM	Jul 01 05:20 AM	SOC	STRAIGHT BET [9424] TOTAL u2+110 (BELGIUM vrs USA)	10.00 / 11.00

[Darkside Magick]

Your Roi is not 10%... it is (-31.2%)

[ItsMeMrMattE]

Your Roi is not 10%... it is (-31.2%)

ok. thats what i thought. but its confusing since its a profit for the day, so it seemed weird to have a -ROI

[shari91]

You outlaid $32 over your 3 bets and ended up with only $22 back in your pocket or 68.75% of your initial investment. Therefore you can't be a + ROI as you haven't earned anything and in fact lost money. Darkside's correct: You're currently at a negative ROI of -31.25%

[ItsMeMrMattE]

You outlaid $32 over your 3 bets and ended up with only $22 back in your pocket or 68.75% of your initial investment. Therefore you can't be a + ROI as you haven't earned anything and in fact lost money. Darkside's correct: You're currently at a negative ROI of -31.25%

i didnt lose money. lost 10.00, lost 10.00, then won 22.00, thats 2.00 won in total. i just couldn't remember if winning bet was included in initial investment when calculating roi.

[Darkside Magick]

i didnt lose money. lost 10.00, lost 10.00, then won 22.00, thats 2.00 won in total. i just couldn't remember if winning bet was included in initial investment when calculating roi.

You lost money

You made 3 bets like Shari said that total $32...you only got back $22

[shari91]

i didnt lose money. lost 10.00, lost 10.00, then won 22.00, thats 2.00 won in total. i just couldn't remember if winning bet was included in initial investment when calculating roi.

You won $22 but $12 of that return to your account is what you initially bet so you only won $10 on that bet, not $22. You put out $32 overall, you ended up with $22 overall = -$10 overall.

[ItsMeMrMattE]

You lost money

You made 3 bets like Shari said that total $32...you only got back $22

what are you talking about? it shows up as +2.00 for the day in bet history... lets say i had a starting BR of 12.00. i bet that to win 22.00. it hits. so now i have my original BR back plus 22.00, then i lost 10.00 and lost 10.00 again. that leaves me with a BR of 14.00

[Darkside Magick]

what are you talking about? it shows up as +2.00 for the day in bet history... lets say i had a starting BR of 12.00. i bet that to win 22.00. it hits. so now i have my original BR back plus 22.00, then i lost 10.00 and lost 10.00 again. that leaves me with a BR of 14.00

Yes you won $2...but in a investment sense...you are negative in your investment

[ItsMeMrMattE]

Yes you won $2...but in a investment sense...you are negative in your investment

ok thank you. yall had me think i was going crazy from sleep deprivation. so it is possible to make a profit on the day and yet still have a negative return on your investment.

[shari91]

Ah I think I get it now. Matt your book isn't showing your initial investment when you win. I'm used to where the return amount includes what you bet and I'm pretty sure that's what Darkside's looking at too. That $22 win is clear of the $12 you bet whereas at my books it'd be including it. My fault for not properly looking at the odds of your parlay.

So to answer your initial question your ROI would be 6.3%. Sorry mate... my fault for assuming yours was like mine.

[Darkside Magick]

ok thank you. yall had me think i was going crazy from sleep deprivation. so it is possible to make a profit on the day and yet still have a negative return on your investment.

No!

[ItsMeMrMattE]

lol, shari yall had me second guessing everything i thought i once knew. how did you calculate it to 6.3% ROI?

[Darkside Magick]

lol, shari yall had me second guessing everything i thought i once knew. how did you calculate it to 6.3% ROI?

You lay $32. And got back $34..my bad!...your book does it different which is 6.3%

[shari91]

lol, shari yall had me second guessing everything i thought i once knew. how did you calculate it to 6.3% ROI?

You guys have me deleting and undeleting posts because I keep second guessing myself LOL!! But yes your book does it completely different. ie I bet a tennis player the other day and this is what I got:

No.	Selections	Event	Event Date	E/W Terms	Odds	Result
1	Shuai Peng	Shuai Peng v Lauren Davis (To Win Match)	27/06/2014	None	+120	Won
Stake: 100.00 Returns: 220.00

So that $220 included my initial $100. In your case though it wouldn't have. My fault as I didn't bother to look at the odds in your parlay as I assumed yours was like mine.

To calculate it I was beyond the point of trusting myself anymore so I used this calc http://www.pine-grove.com/online-cal...calculator.htm

[shari91]

I should've added something useful along with the mess I made earlier. To calculate ROI you: (Profit for the day/week/month minus the total $ you bet win or lose) divided by the total $ you bet win or lose. So in your case it would be 2 - 32 / 32 = -93.75. Turn it into a positive by subtracting 93.75 from 100 = 6.25% rounded up to 6.3.

[ItsMeMrMattE]

alright i understand how to calculate it now. thanks for the...help. lol.

[shari91]

alright i understand how to calculate it now. thanks for the...help. lol.

haha no thank you!! That's the most fun I've had on the forum in the past couple of days. Had me cracking the heck up as soon as I realised why you were (understandably) confused by what Darkside and I were saying.

[ItsMeMrMattE]

haha no thank you!! That's the most fun I've had on the forum in the past couple of days. Had me cracking the heck up as soon as I realised why you were (understandably) confused by what Darkside and I were saying.

ya i got a good laugh out of it too.

[ItsMeMrMattE]

Ticket#:2548331 Jul 01 07:05 PM

Jul 01 06:59 PM

MLB

STRAIGHT BET [916] BALTIM -1½+135 ( N MARTINEZ -R / T MCFARLAND -L )

10.00 / 13.50

[ItsMeMrMattE]

i dont know why it take them so long to grade this BAL game. but its a winnner.

Ticket #: 2547586 Jul 01 12:00 PM	SOC	STRAIGHT BET [39001] SWITZERLAND +1-105	10.50 / 10.00	10.00	WIN WIN	07/01/2014 04:54 AM
Ticket #: 2547582 Jul 01 01:07 PM	MLB	STRAIGHT BET [925] MILWAU +105 ( ACTION )	10.00 / 10.50	-10.00	LOSE LOSE	07/01/2014 04:37 AM
Ticket #: 2547585 Jul 01 04:00 PM	SOC	STRAIGHT BET [9423] BELGIUM -½+105	10.00 / 10.50	-10.00	LOSE LOSE	07/01/2014 04:54 AM
Ticket #: 2547591 Jul 01 04:00 PM	SOC	STRAIGHT BET [9424] TOTAL u2+110 (BELGIUM vrs USA)	10.00 / 11.00	11.00	WIN WIN	07/01/2014 05:20 AM

[ItsMeMrMattE]

overall: 4-4 +16.50 ROI +20%

shari, darkside. please correct me if im wrong on the numbers here.

[ItsMeMrMattE]

Ticket#:2548463 Jul 02 02:10 PM Jul 02 02:10 PM

Jul 02 02:14 AM

MLB MLB

PARLAY (2 TEAMS) [969] SEATTL -115 ( ACTION ) [970] TOTAL u8½-105 (SEATTL vrs HOUSTO) ( C YOUNG -R / B PEACOCK -R )

6.50 / 17.23

[ItsMeMrMattE]

Ticket #: 2548463 Jul 02 02:10 PM Jul 02 02:10 PM

MLB MLB

PARLAY (2 TEAMS) [969] SEATTL -115 ( ACTION ) [970] TOTAL u8½-105 (SEATTL vrs HOUSTO) ( C YOUNG -R / B PEACOCK -R )

6.50 / 17.23

17.23

WIN WIN WIN

07/02/2014 02:14 AM

[Dollars2Donuts]

Don't worry about your ROI, daily, weekly or even monthly. It will drive you crazy.

Just hope that at the end of each quarter you are ahead of the game. If you want to calculate ROI in handicapping, don't do it more than 4 times a year....

This coming from somebody that knows....lol.

[ItsMeMrMattE]

anyone know anything about this Miles Mikolas pitcher for the Rangers tonight?

[Dollars2Donuts]

anyone know anything about this Miles Mikolas pitcher for the Rangers tonight?

I remember this guy ate a lizard or something when he was in the minors. Looks like he has been a reliever most of his career in the minors....no other helpful info.

If he was facing the Jays he would shut them out for sure....aside from that, no clue.

[ItsMeMrMattE]

i think im gonna go against him. the line for this game has me a little confused tho. cant figure out why its dropped so much from opener. especially when rangers are bringing in this unknown dude.

[ItsMeMrMattE]

Ticket#:2549044 Jul 02 07:10 PM Jul 02 07:05 PM

Jul 02 06:49 PM

MLB MLB

PARLAY (2 TEAMS) [960] TOTAL u7-115 (PHILAD vrs MIAMI) ( C HAMELS -L / T KOEHLER -R ) [972] BALTIM -128 ( ACTION )

5.00 / 11.65

[ItsMeMrMattE]

Ticket#:2549081 Jul 02 08:10 PM

Jul 02 07:57 PM

MLB

STRAIGHT BET [973] L.A. A -1½EV ( T SKAGGS -L / J DANKS -L )

6.00 / 6.00

[ItsMeMrMattE]

Ticket #: 2549044 Jul 02 07:10 PM Jul 02 07:05 PM	MLB MLB	PARLAY (2 TEAMS) [960] TOTAL u7-115 (PHILAD vrs MIAMI) ( C HAMELS -L / T KOEHLER -R ) [972] BALTIM -128 ( ACTION )	5.00 / 11.65	11.65	WIN WIN WIN	07/02/2014 06:49 PM
Ticket #: 2549081 Jul 02 08:10 PM	MLB	STRAIGHT BET [973] L.A. A -1½EV ( T SKAGGS -L / J DANKS -L )	6.00 / 6.00	-6.00	LOSE LOSE	07/02/2014 07:57 PM

[ParlayininHTown]

I apologize for mushing the Angels, Matt.

You're doing great. Just keep doing your thing.

[ItsMeMrMattE]

overall: 6-5 +39.38 ROI +39.38% (139.38/100)

[ItsMeMrMattE]

lol. not your fault parlay. that was just a whim bet. i shouldn't have done it to begin with. you liking anything yet in MLB or in the Columbia vs Brazil game?