HOW TO CALCULATE WINNINGS ?
Winnings on 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. 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) / 20 = 10000
CPD = 124
AS = 24000
TLS = 120
Winning = (56 x 124 x 24,000) / 120 = 1,388,800
That same week, Mack 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
But if 5 of his selection had been correct, his winning would have
been:
Winning = (5 x 4 x 1200) / 15 = 1,600
Winning = CPD x AS
= 4 x 1200 = 4,800
In the calculation of winnings, the ready reckoner comes very handy in determining the total lines staked and the winning lines.
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Permutation
Table: |
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From
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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16
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17
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18
|
19
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20
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2
|
1
|
3
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6
|
10
|
15
|
21
|
28
|
36
|
45
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55
|
66
|
78
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91
|
105
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120
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136
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153
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171
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190 |
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3
|
|
1
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4
|
10
|
20
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35
|
56
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84
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120
|
165
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220
|
286
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364
|
455
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560
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680
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816
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969
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1,140
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4
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1
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5
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15
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35
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70
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126
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210
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330
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495
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715
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1,001
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1,365
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1,820
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2,380
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3,060
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3,876
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4,845
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5
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|
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1
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6
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21
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56
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126
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252
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462
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792
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1,287
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2,002
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3,003
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4,368
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6,188
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8,568
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11,628
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15,504
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6
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1
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7
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28
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84
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210
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462
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924
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1,716
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3,003
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5,005
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8,008
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12,376
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18,564
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27,132
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38,760
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8
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|
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1
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9
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45
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165
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495
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1,287
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3,003
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6,435
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12,870
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24,310
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43,758
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75,582
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125,970
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- Airobet.com.
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