27th September 2005, 12:41 PM
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Member
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Join Date: Jan 1970
Posts: 479
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Quote:
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Originally Posted by DR RON
The exact amount would be pretty much half way between your 2 figures. Multiply the pool by about 85% which leaves the amount payable on divs after the takeout. Then just divide the amount showing into the amount payable for divs . example 416 by 85% = 353.60
Number 1 showing $ 13.9 353.60/13.90 = $ 25.43 rounded up gives you about 25.50 That is my understanding of it anyway I may be wrong. If I am then I am sure someone will enlighten us.
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Well you could probably do that. But the difference is that you are presuming that the take is a nice round 85%.
The market in question is a 118.54% market, giving the tab a 84.36% return to punters.
416*84.36% = 350.94
350.94/13.9 = 25.247 or $25.25
It depends I guess, how accurate you want to be. If you are restricted to a calculator, then 85% would do, but would be just as easy on a spreadsheet either way.... |