#1
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need confirmation about ROI...newb question
Just need a quick confirmation about ROI so that I know I am caluclating right. Sorry I suck at math haha.
Say I play 5 22's and place 1st,2nd,3rd,4th,5th respectivley, for a total profit of 136. so therefore; total profit(136) MINUS total buyin(110) divided by total buyins (110) = 23.6% ROI correct?? |
#2
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Re: need confirmation about ROI...newb question
No. Your roi= profit/cost.
Your profit your return-cost. Return is the amount you won. So +$100 (1st), +$60 (2nd), +$40 (3rd) and +$0 for both the 4th and 5th. So total return was +$200. Your cost was 5x$22, =$110. Profit = $200-$110 = $90 ROI = 90/110, which is 82% |
#3
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Re: need confirmation about ROI...newb question
The other way is just to add up just the profit (= winnings - buyin), so $78 for 1st, $38 for 2nd, $18 for 3rd, and -$22 each for 4th and 5th (=$90). Then you just do the profit divided by cost again, or 90/110.
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#4
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Re: need confirmation about ROI...newb question
Or, you can be an idiot like me, and calculate it as (Total winnings/Total Buyins) -1.
I'm really tired, and i don't understand how that gets me the same answer... but it does. and thats how i did it in my spreadsheet (for mtt's) and it spits out the same number. |
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