HOW TO CALCULATE YOUR POOLS WINNINGS ?

It is very easy to calculate winnings on fixed odds when maximum number of lines is staked. You simply multiply the ammount staked by the coupon odd for the week. Example: for a 3/3 game staked N1,000, in a week of 100 to 1 odds, the winning will be 1000x100 = 100,000.

For Permutation game, you will need to score at least the minimum selection in order to win. To calculate the winning, you must know the number of lines staked(this can be seen in the permutation reckoner table), amount staked per line (determined by total amount staked divided by the total lines staked), winning line(determined by the numbers that are correct in your selected games). Then, calculate your winning using these simple steps:
(1) Multiply amount staked per line by the odd of the week as declared by promoter
(2) Multiply your answer in (1) above by the winning lines.

Let's break it down further!

For Instance: For a permutation of 3 from 6, total number of lines is 20. If you staked N1000, amount per line will be 1000/20 = N50. If 5 out of the 6 games are correct, winning line will be 10. If the payment odd for that week is 50, winning will be calculated thus:

(a) 50 multiplied by 50 = 2500
(b) 2500 multiplied by 10 =25,000

Using a simplified formula for this calculation:: Amount won = (WL x ODD x TAS) / NLS

NB:
WL = Winning Lines = 10
ODD = Coupon Odd for the week = 50
TAS = Total Amount staked = 1000
NLS = Number of Lines staked = 20
Amount Won = (10 x 50 x 1000) / 20 = N25,000

Another Example

You staked 10 numbers with N24,000 and expects at least 3 of your selections to come out correctly. In the end, 8 of the games played. Here is the winning:
WL = 56
ODD = 100
TAS = N24,000
NLS = 120

Amount Won = (56 x 100 x 24,000) / 120 = N1,120,000

Here is the generally accepted permutation reckoner table from which you can find and determine both number of lines staked and the winning line


 

 

 

Permutation Reckoner Table:

 

 

 

 

 

.

 

 

 

 

 

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


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