I am trying to calculate how my bet in to the quaddie pool would have affected the payout so i can test if what i am doing is profitable, here is what i have so far

say we had a Quaddie pool of $15085
and the payout on that race was $6788.40

that equate to about 2.22 for each $1 winning combination now we know people can bet the flexi so there is know way of knowing how many tickets won but that does not matter we only need to know the winning divi for $1

So if i put a $625 bet on and i had my unit for $1 do i add my amount to the pool less 20% then divide the pool by 3.22 to see what the dividend would have been with my selections added providing i got the winning combination

in the case above the pool would have been $15585 = 625 less 20% giving a winning divi of $4840

Your logic seems right to me Shaun (only took me 9 days to get my head around it :-)).

Yeah i got the answer on another forum i was correct except i don't deduct 20% from my bet i deduct it from the pool after my bet is placed i understand thats how they do it to get final divis

Doesn't matter how you say it 500 of your 625 goes into the pool (if it's a 20% take on quadrellas) by my understanding. You're figures were right weren't they?

KV

No...because i failed to deduct 20% from the pool when working out what was leftover to divide with the winners

I think I'm with you now. The pool then is the total pool, not just what's left to divide among the winners. They show the total of all the bets made, then deduct 20% before paying out.
This means you should have added 625 to the 15085 and then taken 20% off the total before distributing it.

Glad we (Hope we) got that cleared up.

KV