Turnover of Winning Trainer will be merged into the Win pool to ensure liquidity. Each Winning Trainer bet will be split into the Win bets of all horses in the composite, based on a reverse ratio of their respective Win odds.

Example:

Consider a 14-horse race with $10,000,000 Win wagers.

Assume there is a $10 Winning Trainer wagers on “A S Cruz (B2: 2, 10)”. This $10 wager will be split into the Win bets of horse No.2 and No.10, based on a reverse ratio of their respective Win odds by the computer system and merged into the Win pool. No matter horse No.2 or No.10 actually wins, the payout will be the same.

Simple illustration of the dividend calculation:

$10 bet allocation ratio in horse No.2 and the payout will be:

$10 bet allocation ratio in horse No.10 and the payout will be:

Winning Trainer “A S Cruz” odds is calculated by:

In reality, the odds of Winning Trainer will change dynamically in association with Win. The investment weight for each of the Winning Trainer bets is adjusted in order to give a consistent payout.

^ Odds in the above example are net of 17.5% take-out