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Re(1): miami help ?? anyone know the format that the tri prices are showing is there a pattern while reading the results

Posted on February 24, 2015 at 04:06:34 PM by Tiger

I haven't done the detailed research yet to see when they switched over, but it is my understanding that they are now reporting Tris against a $1 base.

For simplicity, let's say there's a 25% takeout.

If gross (bet) pool size is $2400, takeout is $600, Net pool is $1800.

Tix   Payoff

1($)  $1800
2      $900
3      $600
4      $450
5      $360
6      $300
(and so forth)
Now, here's where the fun comes in. If there were only a SINGLE 50-cent ticket, it would win the whole pool and pay $1800. But, it would be REPORTED as $3600, to conform to the $1 base. Yes, that's more than the original pool, but it's a lie.

A 50-cent ticket will pay half the dollar ticket, unless it's the only one. Got it

(all numbers are oversimplified)

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