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Originally Posted by thaskalos
If your winning percentage at the track is 29%, and your average mutuel price is $9.20...what's your ROI?
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(.29*4.60(which is your return on every $1 bet))/1 equal 1.334 Thus you have a 33.4% roi(which basically states for every dollar you bet you made 33.4 cents).
or you can use (.29*9.20)/2 and of course you get the same answer.
