WIN POOL: 10,000.00
TAB
1 WP / 3.50 = 2857.14
2 WP / 6.00 = 1666.66
3 WP / 10.00 = 1000.00
4 WP / 2.50 = 4000.00

TOTAL= 9523.80 +/-
**************************************

WIN POOL : 10,000.00 LESS "TAX" 15% = 8500.00


TAB WP = 8500.00

1 WP / 3.50 = 2428.571
2 WP / 6.00 = 1416.666
3 WP / 10.00 = 850.00
4 WP / 2.50 = 3400.00

TOTAL= 8095.237 +/-

I don,t have a scientific calculator to get the exact sums correct.
But so far, at what point does the market show it is paying 3.50, before their take, or after their take?

And, do divs change if the win pool is adjusted? let's say if it's 3.50 at a 10k WP, then minus the 15%, is it still 3.50 ?

The reason for this, is to try and get to know as close as possible to the raw pools and prices and re-create the market as it should be.
I have rung the TAB, and no one was sure, or no one knew who was sure how the exact formula is.



[ This Message was edited by: puntz on 2003-11-19 15:55 ]