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Bit Of A Yarn

Please explain ... tote deductions


curious

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I was looking at an American race this morning on the NZTAB site.

There was $2 in the win pool! Two horses were displayed with dividends of $1.60. As far as I know, the win pool deduction is supposed to be 15.5% and the payout rounding is supposed to be to the nearest 10c.

So, how does that work? Should they not have been paying $1.70?

Edited by curious
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8 minutes ago, Turny said:

It is a raffle with this lot. As much as I disagree with it, outsourcing may fix this type of thing and I hope sort out their ridiculous FO as they have become a joke - 

I won't bother to say what the FO market was Turny, but this is tote, so you can't blame a human pricing error or FO pricing rort. It appears that someone has instructed the tote system to round down from $1.69 instead of to the nearest 10c. I hope I'm wrong and am missing something. We have enough integrity issues in the industry without the TAB getting into the action.

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On ‎16‎/‎09‎/‎2018 at 6:33 PM, curious said:

I was looking at an American race this morning on the NZTAB site.

There was $2 in the win pool! Two horses were displayed with dividends of $1.60. As far as I know, the win pool deduction is supposed to be 15.5% and the payout rounding is supposed to be to the nearest 10c.

So, how does that work? Should they not have been paying $1.70?

$2 in the win pool yet 2 horses paying $1.60.

Where did the other $1.20 come from.Must have been at least $4 in the win pool 

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