You are right I forgot to add the 3 winners back in. the calc should have been

((14-3)*0.95)+3-9.43 = $4.02

You need to take into commission only on the winning bets so commisson is actually 55c not 22c.


Just as an update I have checked yesterdays results and overall now the system has had 90 selections for 29 winners (32%) and a payout of 76.74 meaning a profit of $10.21 units after 5% commission. In the trial so far there have been 15 tipsters with 4 of them tipping more then 1 meeting.

If you removed the top tipsters from the results (who has tipped in 6 meetings) the results are 67 selections for 19 winners (28%) and a profit of $15.60 units after 5% commission.