ROI or “return on investment” means how much you get back for what you bet at the dog track or anywhere else. If you bet $2 and win and the payout is $4, your simple return on that investment is $2. Of course, you don’t win every bet.
When you factor in the money you spend on losing bets, you get your true rate of return. Let’s say you make ten $2 bets on a show and hit 6 of them. For the sake of simplicity, let’s say that each bet returns $4. That’s a $20 investment for a $24 return. He got an ROI of $4.
Of course, this is just a very simple explanation. To be realistic, you need to calculate all of your expenses: programs, gas for your car, what you pay for food and drinks at the track, any systems you buy, etc, etc. It is easy to see that few people really know if they are making a profit on the track or not. You?
The only way to find out is to keep very good records of every bet you make and how much you win or lose on each bet. You can write it in your program and then transfer it to a small notebook or however you want to do it.
But if you don’t, or something like that, you’ll never know for sure how much you’re gaining or losing. Just be sure to write down bets as you make them, rather than relying on memory. Memory can be a very tricky thing when money and greyhound handicap are involved.
