HOW TO CALCULATE POOL WINNINGS!
If you have always been in the dark about figuring out how much you won whenever your games click, this post will solve your problem. Enjoy..
Winnings like 3/3, 4/4,5/5 etc in fixed odds are easiest to calculate when the maximum number of lines obtainable have been secured. Just multiply the amount staked by the odd for the coupon that week.
However, if in a permutation game, you get at least the minimum selection required, to determine your winnings, first you must know the lines of your selection, then your winning lines which is defined by the numbers you get correctly in your selection (check the permutation reckoner below or at back of your special advance fixture). You can then calculate your winning as follows:
1. Multiply your winning lines by the amount staked per line
2. Multiply what you get in (1) above by the odd for the game that week.
For example: If you make a permutation of 3 from 6, the total number of lines is 20(check the permutation reckoner). If your total investment on the coupon is N500, that means the coupon was staked at N25 per line. If out of the 6 games, 5 are correct, your winning line is 10. If the odd for the game that week is 40, then your winning will be:
10 multiplied by 25 = 250
250 multiplied by 40 =10,000
However, there is a more direct formula for this calculation which is:
Winning = WL x Odd x AS
WL = Winning Lines = 10
Odd = Coupon Odd = 40
AS = Amount staked = 500
TLS = Total Lines staked = 20
Winning = 10 x 40 x 500 = 10000
You staked 10 numbers, expecting a minimum of 3, on coupon with N24,000 in week 41. 8 of your selection were correct and they played total of 9 draws on coupon. How much did you win?
WL = 56
Odd = 100
AS = 24000
TLS = 120
Winning = 56 x 100 x 24,000 = 1,120,000
That same week, you staked 6 numbers expecting a minimum of 3 draws, with N1200. 3 of your selections were correct. How much did you win?
WL = 1
Odd = 100
AS = 1200
TLS = 20
Winning = 1 x 100 x 1200 = 6000
But if 4 of your selection had been correct, your winning would have been:
Winning = 4 x 100 x 1200 = 24,400
If you had gotten the whole 6 selections correct, your winnings would have been directly calculated as:
Winning = Odd x AS
= 100 x 1200 = 120,000
In the calculation of winnings, the ready reckoner comes very handy in determining the total lines staked, how much to stake and the winning lines.