Exotic Dividends
 

Hi All,
I hope there is someone on this forum that can answer my question.
I have enquired to the TAB by phone and by email but they will not give an answer.

My question is How can dividends be shown for trifecta's, first fours, and quaddies which are much larger than what actually paid.
This happens just about daily but mainly on first fours.

Here is an absolute classic from today.

NSW TAB FIRST FOUR LISMORE RACE 1.

POOL 7470
TAB take 22.5% 1667
Pool left 5743
Jackpot 5059
Actually Paid out 684

DIVIDEND SHOWN $11486 ????????????????

Now we have the hosts on sky saying things like " Oh boy wish I was the one that got that, good luck to whoever did"
I am no eggspurt but couldn't the advertised dividends and comments made be classed as blatant false advertising.

PP

The notional dividend of $11,486 is what you would have received for a full dollar investment.

It appears that only ~6.5% of $1 was invested on the winner - presumably via Flexi-Bets which allow per-permutation investments as low as 1 cent.

Presumably the Sky experts failed to notice that the Trifecta paid more the the 1st4.

JFC,

Thanks for that, but I still think it is wrong on what the TABS advertise, and there should be something somewhere explaining the dividends are not actually what is paid.
Any other business doing a similar thing would have a fair trading or similar on their back.
By the way I can spell, but when I wrote eggspurt the way it should be spelt all I could see was a lot of stars.Anyone know why this is.

PP

If the TAB declares a dividend of $2 and you have a winning ticket for $10,000 then you won't actually be paid only the $2 - i.e. lose $19,998.

The Results screen says odds - (decimal rather than fractional implied).

So you know that need to multiply those odds by your personal stake to calculate your personal return.

In that 1st4 instance there might have been multiple winners for different amounts - so it would be difficult to declare one amount to satisfy all.

That e-word is apparently considered bad form. As is the inverse of "god".

But intriguingly using an anagram of "etcher of murk" is encouraged, provided that's directed at me.