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Wining Calculation


  • Wining Calculation

    HOW TO CALCULATE WINNINGS?

     

     

    Winnings on fixed-odds are easiest to calculate when the maximum number of lines obtainable has 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 correct in your selection. You can then calculate your winning as follows:

    (i)                Multiply your winning lines by the amount staked per line;

    (ii)             Multiply what you get in (i) 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. 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:

    (i)                10 multiplied by 25 = 250

    (ii)             250 multiplied by 40 =10,000

    However, there is a more direct formula for this calculation which is:

     

    Winning          =          WL x CPOD x AS

    TLS

    Where:

    WL      = Winning Lines        = 10

    CPD    = Coupon Odd           =  40

    AS       = Amount staked       =  500

    TLS     = Total Lines staked =  20

     

    Winning          =          10 x 40 x 500             =          10000

    20

     

    Steve staked 10 numbers, expecting a minimum of 3, on the Mars GND coupon with N24,000 in week 41. 8 of his selection were correct. How much did he win?

    WL      = 56

    CPD    = 124

    AS       =  24000

    TLS     = 120

     

    Winning          =          56 x 124 x 24,000        =          1,388,800

    120

     

    That same week, Steve staked 6 numbers expecting a minimum on the Under-4 GND coupon with N1200. 4 of his selections were correct. How much did he win?

    WL      = 1

    CPD    = 4

    AS       = 1200

    TLS     = 15

     

    Winning          =          1 x 4 x 1200               =          320

    15

     

    But if 5 of his selection had been correct, his winning would have been:

     

    Winning          =          5 x 4 x 1200               =          1,600

    15

     

    If Steve had gotten the whole 6 selections correct, his winnings would have been directly calculated as:

     

    Winning          =          CPD x AS      

                          =          4 x 1200                     =          4,800

     

    In the calculation of winnings, the ready reckoner comes very handily in determining the total lines staked and the winning lines.

     

     

     

     

     

    Permutation Table:

     

     

     

     

     

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    From

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

    12

    13

    14

    15

    16

    17

    18

    19

    20

    2

    1

    3

    6

    10

    15

    21

    28

    36

    45

    55

    66

    78

    91

    105

    120

    136

    153

    171

    190

    3

     

    1

    4

    10

    20

    35

    56

    84

    120

    165

    220

    286

    364

    455

    560

    680

    816

    969

    1,140

    4

     

     

    1

    5

    15

    35

    70

    126

    210

    330

    495

    715

    1,001

    1,365

    1,820

    2,380

    3,060

    3,876

    4,845

    5

     

     

     

    1

    6

    21

    56

    126

    252

    462

    792

    1,287

    2,002

    3,003

    4,368

    6,188

    8,568

    11,628

    15,504

    6

     

     

     

     

    1

    7

    28

    84

    210

    462

    924

    1,716

    3,003

    5,005

    8,008

    12,376

    18,564

    27,132

    38,760

    8

     

     

     

     

     

     

    1

    9

    45

    165

    495

    1,287

    3,003

    6,435

    12,870

    24,310

    43,758

    75,582

    125,970