curious Posted September 16, 2018 Share Posted September 16, 2018 (edited) 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 September 16, 2018 by curious Quote Link to comment Share on other sites More sharing options...
Turny Posted September 16, 2018 Share Posted September 16, 2018 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 - Quote Link to comment Share on other sites More sharing options...
curious Posted September 16, 2018 Author Share Posted September 16, 2018 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. Quote Link to comment Share on other sites More sharing options...
curious Posted September 16, 2018 Author Share Posted September 16, 2018 (edited) OK. Apologies. My error. Just looked at the betting rules again and it clearly says: The Payout Rounding is down to the amount stated in the table. So, the price was correct. Edited September 16, 2018 by curious 2 Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 16, 2018 Share Posted September 16, 2018 Winston and his Labour cronies would be proud of ripping off the taxpayer like that. I suppose the fractions pay John Allen's wages. Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 16, 2018 Share Posted September 16, 2018 12 hours ago, Reefton said: Winston and his Labour cronies would be proud of ripping off the taxpayer like that. I suppose the fractions pay John Allen's wages. though when I think about it there will not be too many fractions in a $2 pool. 1 Quote Link to comment Share on other sites More sharing options...
Richie Posted September 17, 2018 Share Posted September 17, 2018 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 Quote Link to comment Share on other sites More sharing options...
mardigras Posted September 17, 2018 Share Posted September 17, 2018 5 minutes ago, Richie said: $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 Maybe you want to rethink that one Richie? 1 Quote Link to comment Share on other sites More sharing options...
Richie Posted September 17, 2018 Share Posted September 17, 2018 1 minute ago, mardigras said: Maybe you want to rethink that one Richie? yep did as soon as I posted it? Quote Link to comment Share on other sites More sharing options...
Rowley Mile Posted September 17, 2018 Share Posted September 17, 2018 44 minutes ago, Richie said: yep did as soon as I posted it? There's a job waiting fo you in the Beehive Rich, you're a shoe in on those figures. 3 2 Quote Link to comment Share on other sites More sharing options...
curious Posted September 17, 2018 Author Share Posted September 17, 2018 I'd be keen to find a market where a win dividend was routinely paid on more than one horse. Let me know! Quote Link to comment Share on other sites More sharing options...
Rangatira Posted September 18, 2018 Share Posted September 18, 2018 On 17/09/2018 at 9:05 PM, curious said: I'd be keen to find a market where a win dividend was routinely paid on more than one horse. Let me know! is this brodies secret Quote Link to comment Share on other sites More sharing options...
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