Quote:
Originally Posted by JerryBoyle
Your net winnings or profit will be total returns (everything you got back) - total outlay (everything you bet). So 75 - 50 = $25 Net winnings or profit.
Return on money wagered is Net winnings / Total outlay. In the above example, 25/75 = .33
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Thanks it makes sense! 
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Handicapping the world year round'  
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