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Originally Posted by Cratos
Raybo, your formula is correct, but the word "total" should be put in front of "return" to read "total return" and in front of investment to read "total investment".
I realize that you implied that, but there seems to be a difficulty by some in understanding this simple concept.
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Well, when you bet $40 on a horse to win, isn't that your "total investment" in that particular wager? And for that wager, if you are returned $80, isn't that your "total return" for that wager? There is no need to add "total" to the formula, the investment amount is the investment amount, and the return amount is the return amount. Add all your individual investment amounts together, and add all your individual return amounts together, and then divide the return amounts by the investment amounts, those are your "totals".
