Calculating a Forecast

gavmcfad

What formula is used to calculate a forecast.
I correctly (for a change) got a forecast up in the dogs. Winner was 5/4 and 2nd placed dog was 5/1.
Forecast paid 10.22.
I was wondering how do they reach this figure.
Many Thanks

In_tuition

gavmcfad wrote: »

What formula is used to calculate a forecast.
I correctly (for a change) got a forecast up in the dogs. Winner was 5/4 and 2nd placed dog was 5/1.
Forecast paid 10.22.
I was wondering how do they reach this figure.
Many Thanks

Usually add a point to each price and multiply.

I'm sure you are aware that you don't get your stake back.

So if you had €2 win, you would receive €20.44

When there is a favourite involved it's a lower amount but when it's not you can get some pretty high amounts.

With horses it depends on the amount of runners in the race etc. I can't exactly remember the criteria. It's something like what I have explained. I worked for SIS so I should know off by heart!

Verance

In_tuition wrote: »

Usually add a point to each price and multiply.

I'm sure you are aware that you don't get your stake back.

So if you had €2 win, you would receive €20.44

When there is a favourite involved it's a lower amount but when it's not you can get some pretty high amounts.

With horses it depends on the amount of runners in the race etc. I can't exactly remember the criteria. It's something like what I have explained. I worked for SIS so I should know off by heart!

is it not a dividend from the Tote??

In_tuition

Verance wrote: »

is it not a dividend from the Tote??

No.

Computer straight forecast. (CSF)

Maybe the Tote operate the greyhound forecasts.

I really can't remember.

Verance

Right, so is there actually a formula?

gavmcfad

In_tuition wrote: »

Usually add a point to each price and multiply.

I'm sure you are aware that you don't get your stake back.

So if you had €2 win, you would receive €20.44

When there is a favourite involved it's a lower amount but when it's not you can get some pretty high amounts.

With horses it depends on the amount of runners in the race etc. I can't exactly remember the criteria. It's something like what I have explained. I worked for SIS so I should know off by heart!

Sorry Intuition, could you run that by me again.
5/4 = 1.25 +1 =2.25
5+1 = 6
6 x 2.25 = 13.5
Can you explain to me where i went wrong?

Yeah i realise you dont get your stake back.
Thanks for help here.

In_tuition

gavmcfad wrote: »

Sorry Intuition, could you run that by me again.
5/4 = 1.25 +1 =2.25
5+1 = 6
6 x 2.25 = 13.5
Can you explain to me where i went wrong?

Yeah i realise you dont get your stake back.
Thanks for help here.

That's not the exact formula which I explained but it works out pretty similar.

I forget it exactly. 13.5 would be right but because of the favourite it's taken down.

For instance if it was 4/1 & 4/1 it would work out at 25 but you'd get about 32 prob.

In_tuition

Verance wrote: »

Right, so is there actually a formula?

Yes there is an official formula.

I knew it once and it works out similar to what I explained.

I basically pressed a CSF & Tricast button on the computer and it was processed instantly.