Where does this 4 cents go?
- durbs
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Topic Author
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Where does this 4 cents go?
2 years 3 months ago
Globe Derby race 6......
Race 6
Win 1 = R 12.40
Place 1 = R 5.20
Place 2 = R 1.00
Exacta
Our tote dividends
1DONT TELL ALICE
DAVID SMITH
T: Ingrid Smith
8.50
2.70
12.40
5.20
2ND
2WHISTLE ON BY
MICHAEL A SMITH
T: Donald Thomas
1.26
1.04
We commingled with the Australian tote yet don't pay out their 1.04 minimum dividend.
To get that 4 cents they deduct a bit from every other horses dividend.
So we getting a fraction less on all other horses for the place to get that 1.04 minimum dividend yet our tote doesn't pay it out.
It's probably a few rands each time but where does it go?
Race 6
Win 1 = R 12.40
Place 1 = R 5.20
Place 2 = R 1.00
Exacta
Our tote dividends
1DONT TELL ALICE

T: Ingrid Smith
8.50
2.70
12.40
5.20
2ND
2WHISTLE ON BY

T: Donald Thomas
1.26
1.04
We commingled with the Australian tote yet don't pay out their 1.04 minimum dividend.
To get that 4 cents they deduct a bit from every other horses dividend.
So we getting a fraction less on all other horses for the place to get that 1.04 minimum dividend yet our tote doesn't pay it out.
It's probably a few rands each time but where does it go?
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- Mac
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Re: Re:Where does this 4 cents go?
2 years 3 months ago
Our Tote rounds DOWN the dividends. It does not round to the nearest (first decimal). This “difference” is added to the tote take-out.
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- TNaicker
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Re: Re:Where does this 4 cents go?
2 years 3 months ago
"It's probably a few rands each time but where does it go?"
Funding a trip for the execs to Aus??!!
Funding a trip for the execs to Aus??!!
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- naresh
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Re: Re:Where does this 4 cents go?
2 years 3 months ago"It's probably a few rands each time but where does it go?"
Funding a trip for the execs to Aus??!!
A couple months ago I had a separate thread asking about rounding down as certain states in the USA has now implemented the payout to the correct decimal point, no rounding down.
Its definitely goes to their take out.
South Africa from what I have seen might be the only country that does not give a guaranteed minimum payout.
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