Traditional versus Weighted Payout Calculations When Creating A Pari-Mutuel Tournament Offering
Why would a tournament admin consider running a weighted payout pari-mutuel rather than a pari-mutuel relying on traditional payout calculations? This blog article explains the difference between these types of pari-mutuel offerings, and shows you how unbelievably easy it is to create any of these tournaments on Homestretch Golf, where you participants will enjoy paperless pari-mutuels and live odds during the betting window!
The proprietary Homestretch Golf feature allows admins to run Show Only (TOP 3) tournaments but dictate the payout calculations by % depending on the finishing position within the Top 3 spots. Additionally, admins will be able to run Place Only (TOP 2) tournaments but dictate the payout calculations by % depending on the finishing position within the Top 2 spots. Common examples are 50%/30%/20% for ‘Show Only’ tournaments with weighted payouts; 60%/40% for ‘Place Only’ tournaments with weighted payouts…but tournament admins can determine those specific %’s when creating a tournament on Homestretch Golf! See the screenshots and explanations below to understand the difference between Traditional Payout Calculations versus Weighted Payout Calculations.
“Our participants really enjoyed the new weighted payouts option because of how it simplified the betting experience. Having one wager that covered win, place and show made it easier for participants to bet on teams, and if they wagered on a team that finished top three – it was a winner. I see us using only weighted payouts for all our events going forward!”
– Larry Donaldson from Stoughton Country Club in Stoughton, Wisconsin on Homestretch Golf’s new “Weighted Payouts” solution