Calculating turnover

[inandout]

when you calculate your turnover do you class backing £1000 at 3.5 and then laying at 3.4 for £1000 as a turnover of £1000?

[Wednesday 13]

I suppose people will have different opinions on this one, but my answer is yes - I calculate it in regard to what is my risk in worst case (exposure/liability); in your event, should your trade went tits up in the blink of an eye, you would risked those 1.000 GBP, so it's fair to take that amount for calculation.

Some will argue that you may set up your exit point somewhere; for example at 3.7, or at 4.0, giving you risk of 54.05, or 125, etc.; but who can guarantee that you would get matched at those odds? That's why I always take the entire exposure.

[inandout]

Thanks for the reply, i calculate it like this too but others don't. Anyone know how betfair actually calculate turnover?

[Shaun]

You should always work out any turnover as (outlay x return) so your POT would be (profit/outlay) so you have it correctly and if betfair does it a different way they are ripping us off

[inandout]

Thanks Shaun, has anyone on here requested their turnover from betfair? If so do you get your entire turnover since you started or do they just provide it from a set period of, say, one year? I have e-mailed them but have no reply as yet

[Shaun]

sorry i ment to write (outlay - return)

[Emkayracing]

has anyone on here requested their turnover from betfair?

Not turnover, no. I have previously requested the P&L across multiple accounts as well as deposit histories for the same.

The P&L spreadsheet comes back in the format of :

Date / Volume / Commission / Gross P & L / Net P & L

The front sheet of the P & L spreadsheet breaks P&L down across sports and that is always a good pointer.

If in doubt, ask Betfair customer services for your specific requirements.