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Bobsselections
Triple Crown Winner
  
Joined: 07 Oct 2011
Posts: 1230
Location: Gosport, Hampshire
Cash Winnings: 580
Free Bets Won: 75
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Posted: Fri Jun 22, 2012 8:47 pm Post subject: Tote placepot payouts
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| Tonight i decided to do a placepot for a change at Ayr and was lucky enough to get 20p worth of my £1.60 stake correct. When i checked Tote live pools the actual pool was £54 975. There was 172.5 winning units. 54975 divided by 172.5 equals £318.69 and some decimals. The payout was £232.60 with no carry forward. Don`t get me wrong i`m happy with my £46.52 for a small stake but how can that possibly be the payout. Does anyone on this site know the answer to this ? |
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thewish
Triple Crown Winner
Joined: 20 Jul 2005
Posts: 1141
Location: Market Harborough- Home of not much at all
Cash Winnings: 20
Free Bets Won: 10
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Posted: Fri Jun 22, 2012 8:53 pm Post subject:
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| I'd presume that they only pay a % of the pool Bob and the rest is the cut for the Tote to pay overheads and generate profit |
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Bobsselections
Triple Crown Winner
Joined: 07 Oct 2011
Posts: 1230
Location: Gosport, Hampshire
Cash Winnings: 580
Free Bets Won: 75
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Posted: Fri Jun 22, 2012 8:58 pm Post subject:
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| OK thanks for that wish. Would have thought they would make those deductions before putting pool total up to save any confusion but at least i know if i ever have a placepot bet again. |
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miniman
Triple Crown Winner
Joined: 03 Nov 2008
Posts: 1136
Cash Winnings: 0
Free Bets Won: 0
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Posted: Fri Jun 22, 2012 9:02 pm Post subject:
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| The tote take around ~27% to cover admin costs and to make a profit. They wouldn't run it otherwise. |
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Micko70
At Stud
Read My Blog!
Joined: 20 Feb 2009
Posts: 3116
Location: County Durham
Cash Winnings: 1080
Free Bets Won: 45
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Posted: Fri Jun 22, 2012 10:21 pm Post subject:
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That's correct
The Tote take 27% out of every pool they run to cover admin costs, staff and other things |
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Yorksred
Group 1 Class
Joined: 30 Apr 2011
Posts: 480
Location: West Yorkshire
Cash Winnings: 0
Free Bets Won: 0
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Posted: Sat Jun 23, 2012 10:51 am Post subject:
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Isnt the tote owned by Fred done?
_________________
You always pass failure on the way to success. |
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