Place dividend question.

  • Marsellus Wallace
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Place dividend question.

4 years 8 months ago
#797610
Clanners, how does the tote calculate the payout on placed runners in a race?

The payouts on all runners never seem to change whether the favourite runs a place or not.

Surely most tickets are on the favorite, and if it runs unplaced there is more money for the placed runners to share.

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formgrids
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Re: Place dividend question.

4 years 8 months ago
#797615
The place pool, say it is 60,000 and the tote is paying 3 places. Each place spot is allocated 20,000 and each runner will have bets placed on them so the dividend is then determined by the winning tickets on each winning selection and won't change because the favourite runs unplaced as his tickets are already in the main pool.

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Re: Place dividend question.

4 years 8 months ago
#797616
If the place pool is R60,000 each finisher for three places is allocated R20,000 to their respective pool. The winning selections then have their tickets winning tickets divided into the R20,000 and a payout declared, so if the favorite runs unplaced it will have no baring on the other dividends and his stake is in the pool of R60,000.
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  • johnnycomelately
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Re: Place dividend question.

4 years 8 months ago
#797618
YETI wrote: If the place pool is R60,000 each finisher for three places is allocated R20,000 to their respective pool. The winning selections then have their tickets winning tickets divided into the R20,000 and a payout declared, so if the favorite runs unplaced it will have no baring on the other dividends and his stake is in the pool of R60,000.

Maybe i am just a Fumb Duck, but this does'nt make sense to me
If the fav don't run a place how does it NOT affect the other payouts?

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  • Flowers
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Re: Re:Place dividend question.

4 years 8 months ago
#797624
johnnycomelately wrote:
YETI wrote: If the place pool is R60,000 each finisher for three places is allocated R20,000 to their respective pool. The winning selections then have their tickets winning tickets divided into the R20,000 and a payout declared, so if the favorite runs unplaced it will have no baring on the other dividends and his stake is in the pool of R60,000.

Maybe i am just a Fumb Duck, but this does'nt make sense to me
If the fav don't run a place how does it NOT affect the other payouts?

#yousaidit read the perfect explanations above. R20k divided by the no of tickets on each horse running a place. The favorite has no impact at all.


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Re: Re:Place dividend question.

4 years 8 months ago
#797627
Flowers wrote:
johnnycomelately wrote:
YETI wrote: If the place pool is R60,000 each finisher for three places is allocated R20,000 to their respective pool. The winning selections then have their tickets winning tickets divided into the R20,000 and a payout declared, so if the favorite runs unplaced it will have no baring on the other dividends and his stake is in the pool of R60,000.

Maybe i am just a Fumb Duck, but this does'nt make sense to me
If the fav don't run a place how does it NOT affect the other payouts?

#yousaidit read the perfect explanations above. R20k divided by the no of tickets on each horse running a place. The favorite has no impact at all.


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In USA there is a complicated system in getting the Show payouts, called place payouts here, first three. Their approximate show payouts differs to the final dividend. When a heavy favorite does run off the board, the final dividends are much more than the approximate.

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  • Marsellus Wallace
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Re: Re:Place dividend question.

4 years 8 months ago - 4 years 8 months ago
#797631
Flowers wrote:
johnnycomelately wrote:
YETI wrote: If the place pool is R60,000 each finisher for three places is allocated R20,000 to their respective pool. The winning selections then have their tickets winning tickets divided into the R20,000 and a payout declared, so if the favorite runs unplaced it will have no baring on the other dividends and his stake is in the pool of R60,000.

Maybe i am just a Fumb Duck, but this does'nt make sense to me
If the fav don't run a place how does it NOT affect the other payouts?

#yousaidit read the perfect explanations above. R20k divided by the no of tickets on each horse running a place. The favorite has no impact at all.


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Yeti, what you are saying sounds correct but it doesn't sound right.
Last edit: 4 years 8 months ago by Marsellus Wallace.

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Re: Place dividend question.

4 years 8 months ago
#797634
So in simple terms it is net pool divide by 3 divide by the number of R1 selections. The changing dividends until the off reflects this calculation throughout. If your selection runs a place it is immaterial what else runs into the places as your dividend is only dependent on your portion of the pool divided by the number of R1 selections on that particular runner.
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  • Over the Air
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Re: Place dividend question.

4 years 8 months ago
#797638
There is a simple calculation done on qualifying numbers after the result is known. So if the pool is 100000, the tote takes its percentage ( 25% I think ) and the available for payout thus becomes 75000. The 75000 then gets split into the qualifying number of places ie. 3 and then its simple arithmetic. Where the fav runs is immeterial
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  • Marsellus Wallace
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Re: Place dividend question.

4 years 8 months ago
#797655
Thanks guys; I get it now. :)
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