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Race Results: Calculating payout

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Hi,

I am updating my race scoring software to calculate payout and am interested in formulas that you use. I want to make my program flexible so interested in hearing about all different formulas.

For example I have seen 100% payback but I am not clear on what the distribution to 1st, 2nd, 3rd and so on is.

Thanks,

-Wes

 

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