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APAT Staking Exchange - Discussion

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Paulie_D:
Des has already put a reply up along the lines of:

"To answer the above questions on the APAT percentage.  APAT should receive 1% of the money won by the stakers, paid by the licensed player."

The only issue is the definition of "paid by the licensed player".

Either it means (a) paid in it"s entirety by the horse OR (b) just paid on behalf of all parties.

It makes no difference as far as APAT is concerned but it might to the stakers.

Example:

Player A requests buyers into a £1000 comp but wants to sell off 50%

Players B & C split that...so the investments are:

A - £500
B - £250
C - £250.

Player A cashes for £2000

Return would be £1000 (assuming no stakeback)

Normal split would be:

A - £1000
B - £500
C - £500

However, 1% of staker profit (£5) is to go to APAT paid by Player A

Thus it"s either:

APAT - £5
A - £995
B - £500
C - £500

or

APAT - £5
A - £997.50
B - £498.75
C - £498.75

Small sums I know but it"s best to be clear...no?

Des?

Des:
I got tired just reading the opening few sentences of that Paulie. :)

The responsibility for paying the APAT fee sits with the Licensed Player.  In addition to returning winnings to his/her Stakers, the licensed player should also return "1% of the total returned to the Stakers", to APAT, via our PayPal account - staker@apat.com.

Paulie_D:
So Option A then.

PHIL_TC:

--- Quote from: Paulie_D on June 25, 2012, 13:53:04 PM ---
So Option A then.

--- End quote ---


Don"t think so, I read it as this Paulie...

Split would be (using your example)

A - £1000
B - £500
C - £500

plus on top the "horse" pays £5 £10 to APAT

*edit unless the horse is "A" then I think your option A is right* x

AJDUK:
I thought "1% of the total returned to stakers", i.e. for Paulie"s example 1% x (£500+£500) = £10?

Or at least it was when I was at school. Bring back O levels I say!

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