5th June 2006, 07:41 PM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
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Originally Posted by xptdriver
I watch a certain site that all day every day gives you constant updates of the percentage being bet on the win pools..
CONSISTENTLY the 3 Mainland Totes bet between 117 and sometimes 119 %
Now you can call the takeout 14% fine that is what they say (the TABS that is, but the markets don't lie, nor do maths)... where does the other 3 to 4% go?
As an Example I will use R2 Moe the one you have quoted earlier
STAB 117.5%
NSW TAB 118.6%
UNITAB 117.4%
No 114% markets there.... Those are all win market % bet by the 3 mainland TABS on Moe R2 Today
There are 3 takeouts because there are 3 TOTES who are entitled to an individual take out... If they are combines wouldnt they only be entitled to 1 takeout?
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xpt, there is a difference to take-outs & market percentages, which is what your figures are above.
Take-out is the amount the tote operators deduct from each dollar invested, so in the case of win pools, it is 14.5 cents in the dollar.
Therefore, the basic market percentage becomes 100-14.5=85.5; 14.5/85.5=16.95 or 116.95%. The differences between 116.95 & the amounts shown above in your example are due to the affects of the 'rounding-down' of dividends.
Still not sure how you can state that the dividends will become (on average) bigger with one combined pool. The maths do not really change - the take-out & market percentage will stay (all other things being equal) as they are. In fact, on short-priced favourites, in particular, win or place, the returns to the tote operator could increase, which means that there would be less to payout to winning punters.
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