Pick 6 ringing the changes?

Is there a take out by the operator on the carry over amount on tote bets??

Example: Say the p6 is not won on day A (carry over amount is R500 000) ... Day B the P6 gets to 3 Bar of which 500K is the carry over amount from Day A... Does Phumelela take out a percentage from the 3 Bar or only 2.5 Mil (3Bar less the carryover of R500 000)??

scotia Wrote:

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> Mr H, I will check my bank statement and get back
> to u next week :)o


i tried to use my own statement but I seem to be the one paying interest - must be something wrong with my bank!!

mr hawaii Wrote:

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> can anyone with a financial background tell me how
> much interest a carryover pool of a million can
> possibly make in a week? I really don't believe it
> could be that much

?.......financial institutions just love giving extra points for positive cash streams that are growing in the present economy........not even the cash kings like supermarket chains of the recent past able to maintain a positive daily balance.......what a nice business model the operator can have to rake more in than you pay out
?......do you think betting products are designed to the benefit the punter......think again......:S

Muhtiman Wrote:

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> mr hawaii Wrote:
>

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>

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> > can anyone with a financial background tell me
> how
> > much interest a carryover pool of a million can
> > possibly make in a week? I really don't believe
> it
> > could be that much
>
> ?.......financial institutions just love giving
> extra points for positive cash streams that are
> growing in the present economy........not even the
> cash kings like supermarket chains of the recent
> past able to maintain a positive daily
> balance.......what a nice business model the
> operator can have to rake more in than you pay
> out
> ?......do you think betting products are designed
> to the benefit the punter......think again......:S


I really doubt that ever crossed Vee's mind - This was a decision to try to find a bet to grab headlines not to score points with the banks or they would have held the carryovers until the end of the month

?.....to put it in layman terms........banks offer an account holder a better rate on certain products if the daily balance remains above a certain threshold amount.......just imagine what a corporate bean counter can negotiate if he can guarentee a bigger daily balance for the bank to put it to better use......:

gregbucks Wrote:

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> Is there a take out by the operator on the carry
> over amount on tote bets??
>
> Example: Say the p6 is not won on day A (carry
> over amount is R500 000) ... Day B the P6 gets to
> 3 Bar of which 500K is the carry over amount from
> Day A... Does Phumelela take out a percentage from
> the 3 Bar or only 2.5 Mil (3Bar less the carryover
> of R500 000)??

Only take out from the new money, the 2,5 mil.

Thanks FIsh...(tu)

gregbucks Wrote:

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> Thanks FIsh...(tu)


No worries Mr Dollar.

It was mentioned in one of P's press statements this week.

Mmmm.....who ever got settled in an instant of a big win.....anyone....anyone...no not me either....just hit it big and you will find out that you need to be FICAed yet you can pay your bucks into your account day in and day out.....hit a big one and sorry you need to be FICAed....yes I was FICAed the last time I hit it big.....yes sir but that was over a year ago you need to be FICAed again....

the worse is when you win and they ask can we give you voucher....

We had 5 days to invest in the P6 pools without couplings.

I made an effort to obtain a opinium of at least 75 small punters at the TAB branches is Pretoria.

They all had the same complain. They can not afford to invest more in the P6 but rather included more horses in the legs of the exotic with a smaller percentage to win. They also said it still remains difficult to catch the exotic.

If we are lucky to strike "gold" it will surely be not a dream result as advertise by the rulemakers of TAB.

?......here is another downer that they have not informed us about........when does that gambling winfall taxation come into effect........yes a tax on wins above R250K I think or is it a lower amount ......so you crack a biggie and have to fork over 25% of your dosh to the taxman......:S