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-   -   Money Management (http://forums.ozmium.com.au/showthread.php?t=25163)

Benny 1st October 2012 02:46 PM
Money Management
 
I have just finished my first week 9-5 using my 3 main systems.

Starting Bank $50.00
Ending bank $62.85

How do I calculate how much the bank has increased

Will be posting the tips starting on Fri for those who are interested.

darkydog2002 1st October 2012 02:49 PM
Thanks Benny .
Cheers
darky

UselessBettor 1st October 2012 03:01 PM
Quote:
Originally Posted by Benny
I have just finished my first week 9-5 using my 3 main systems.

Starting Bank $50.00
Ending bank $62.85

How do I calculate how much the bank has increased

Will be posting the tips starting on Fri for those who are interested.

There is profit on starting bank which will be

62.85/50 = 25.7%

And then there is POT. But for that I need to know how miuch you bet on each selection and how many selections there were.

Benny 1st October 2012 03:10 PM
Quote:
Originally Posted by UselessBettor
There is profit on starting bank which will be

62.85/50 = 25.7%

And then there is POT. But for that I need to know how miuch you bet on each selection and how many selections there were.


Thanks

norisk 1st October 2012 06:19 PM
Benny, repeat that 25% each week & your home & hosed;)

Benny 1st October 2012 06:33 PM
Quote:
Originally Posted by UselessBettor
There is profit on starting bank which will be

62.85/50 = 25.7%

And then there is POT. But for that I need to know how miuch you bet on each selection and how many selections there were.


I worked it out using a calcular and it gave me an answer of 1.257. How did you get 25.7%

Benny 1st October 2012 06:34 PM
Quote:
Originally Posted by norisk
Benny, repeat that 25% each week & your home & hosed;)


Easier said than done.

UselessBettor 1st October 2012 07:12 PM
Quote:
Originally Posted by Benny
I worked it out using a calcular and it gave me an answer of 1.257. How did you get 25.7%

Oops sorry ok the real calculation is

(62.85-50)/ 50 *100 = 25.7

You have to remove the 50 you started with. Then times it by 100 to change it from 0.257 to 25.7

The Ocho 1st October 2012 07:25 PM
Zis is correct.

jose 1st October 2012 08:05 PM
62.85/50 then shift the decimal point 2 to the right.
Shortest way I know.


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