I have a problem getting this right and am after some suggestions.

I currently have a spreadsheet that calculates the odds to offer based on the amount of money in the pool for each horse taking into account my takeout and the respective payouts.

What I can't get my head around, is unlike a tote pool the bets taken are paid out at the odds taken by the punter and not the final price.

Therefore I need some way of incorporating the two, a sort of parimutual/fixed odds combo.

For example: In fixed odds tote pools, they adjust the dividend based on the money on that horse at each of the odds which is what I'm trying to do.

I'm having a brain fog....any ideas?

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Fog has turned to a mild haze.

I need to calculate the total money at the average price and work out on payout rather than holding.

Could be right, but then again, the fog is rolling in again

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg