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Managing The Margin

What is Margin?

What is Margin?

The profit margin is a ratio of a shops profit divided by its revenue. The profit margin ratio compares profit to sales and tells you how well your shop is performing. It's always expressed as a percentage.

How do you Calculating Margin?

Calculating Margin

Margin management activity

Profit divided by turnover multiplied by 100 = margin %

Workout These Shops Margin Percentages?

  1. 2 Million turnover with a profit of £200k =
  2. 800K turnover with a profit of £144k =
  3. 700K turnover with a profit of 100K=
  4. 500K turnover with a profit of 50K =
  5. 1 Million turnover with a profit of £150k =

How to Impact the Margin in Your Shop?

• Identify Arbers • Following Trading Principles • Obtaining Acceptance References • Adhering To Limits on Bad EW Races • £100 Max on Fred’s Pushes & Boosts • Monitoring Customers Correctly • Awareness of Con Men • £9.99 Checks • Over £50 Payout Procedure/ S5 over £25 payout procedure• Obtaining Payout References

How to Identify Bad Business

What is Arbitrage Betting?

How to Identify Bad Business

Bookies differ in opinion about the probability of events - Arbitrage Betting

Customer bets on each outcome so the total stake is £200.

The customer makes 5% profit of £10.00

£80 on Ding with Betfred at 1/2£40 on Dott with Stan James or Coral at 9/4 Total outlay £120

Ding wins - Returns £120 = Break Even Dott wins - Returns £130 = £10 profit

Managing Bad Business

Questions