Welcome, Guest. Please login or register. November 23, 2017, 05:49:37 PM
With things like exactas, trifectas etc. we come into the realm of totalisators... a totalisator just simply divides the total amount bet on all combinations (less a fee) by the amount bet on the winning combination to arrive at a dividend (which all people who bet on that winning combination receive). This ensures that the totalisator never loses money, it takes its fee of the top and divides what's left amongst the winners.Basically a totalisator will keep separate pools for win, place, show, quinella, exacta, trifecta etc. and for each of those bet types, will calculate a dividend based on the number of winners directly in that pool (when I say number of winners, I am of course meaning the total amount of money bet on the winners - the dividend calculated is for $1, so if you bet $5 on the winner, you win 5 x the dividend etc.)