
Margin Management 1
BETFRED
Created on September 30, 2024
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Transcript
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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?
- 2 Million turnover with a profit of £200k =
- 800K turnover with a profit of £144k =
- 700K turnover with a profit of 100K=
- 500K turnover with a profit of 50K =
- 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