ROI Question

sharkyo01

sharkyo01

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Right... I have played

19 $2 games including rake.... And i have made $55 out of it.

So its (Total Profit)/(Total Profit) x 100

$38 / $55 * 100 = 69%

Is that correct?
 
Effexor

Effexor

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no

ROI = return on investment, how much on average you profit. Profit does not = winnings, it's how much you win - expenses.

the formula is (total winnings-expense / expense) x 100

If you spent $100 in entrance fees and rake and won $200 in total then your ROI would be 100%.

In your case, if you won a total of $55, and paid $38, your ROI would be:

55-38/38 x 100 = 44.7%

If your total PROFIT was $55, after factoring in the costs, then your roi would be 144%
 
sharkyo01

sharkyo01

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Thanks... I'm trying to learn about this in a simple way because i get confused i have learnt a lot off this forum just trying to become more know knowledgeable with all the different things that need to go with playing poker... Instead of just playing!
 
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