How do I calculate?

[Billy62]

I'm starting a tipster site,how do I calculate my profit ?e.g W5/1,L W4/1,L.Do I state I made 9pts profit ,Win odds minus Losers or subtract all bets from wins 11pts minus 4 bets,making 7 pts profit.How do other tipsters calculate their profits?

[davidc]

Re: How do I calculate? Hi Billy and :welcome to The Punters Lounge. All the information you need is in the sticky at the top of the thread. You can also look at other systems to view how the results are displayed. Good luck!

[Valiant23]

Re: How do I calculate? http://www.punterslounge.com/forum/showthread.php?t=35636

- Keep a running account of the results and update regularly. It will be most appreciated to provide an update of the systems results every time you post the results of placed bets, if this is not possible please state the frequency of the update, for example weekly, end of the weekend. System result must contain as a minimal: Current bank , Profit (or Loss) , Yield These results should be posted as a running overview of the system for as long as its been running. It will be appreciated to write the system result with the full info : Starting bank Current bank Total staked Number of bets Winning bets Losing bets Strike rate Yield Profit (or Loss) When calculating system results take into account costs like commission. Results are calculated like this : Strike rate = Winning bets / Total bets ( written as a percentage ) Yield = Profit (or Loss) / Total staked ( written as a percentage ) It is also recommended to use a 100 point starting bank. This is most easy to relate to for most people and allows better for comparisons to be made.

:ok