i have received the screenshots of the betting account and can confirm there is £1,635.97 in the account after Saturday's successful Jackpot attempt at Sandown.
Hi guys, this post is regarding the WEEKLY cash back we get with our bets.
As you know they are tiered, at 3%, 6%, and 9% levels.
Up until now, the site I use for syndicate bets is just for syndicate bets only. Meaning any personal bets of mine, I place on other sites.
However due to the cash back promotion, it makes sense for both me and the syndicate to place all pool bets on the one site.
This means that from time to time the syndicate cash back may be more than expected, because the combined bets take us to the next tier. The syndicate cash back will NEVER be less, so it can only result in additional funds.
I have discussed the process and dilemma involved with both auditors (Dollie and Snuffer) and they agree that it would be silly (for me and the syndicate) to place my personal bets elsewhere.
These bets will be transparent to the syndicate with the exception that from time to time more cashback will be obtained.
The ledgers/audit process etc. will be maintained/conducted as normal.
I have been advised by the auditors to go ahead and do this.
However if there are any objections or concerns please post here.
I can confirm that all expected payments have been received and that the share allocation for tomorrow's (27/02/18) attempt are as detailed on the OP of this thread and Snuffer's last validation.
I will post an updated ledger after the attempt at Chelmsford.
I have received the screenshots of the betting account and can confirm there is £3,068.97 in the account after monthly subscription payments were received and yesterdays unsuccessful attempt at Chelmsford.
I have reviewed all the relevant postings on this and other threads since the last audit post on 27/01/18. I confirm that I have verified the validity of the opening post made on this thread by StayOrGo earlier today and agree the number of shares at 331 with a value of £3,068.97, representing a value of £9.27 per share. I also confirm that I agree with the value of stakes and returns as listed in the Rollovers and Daily Summaries as at 28/02/2018. As the opening post will change, I have copied to this post as e record. The next audit review of shareholdings is due after 24th March 2018. Dollie
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i have received the screenshots of the betting account and can confirm there is £1,635.97 in the account after Saturday's successful Jackpot attempt at Sandown.
As you know they are tiered, at 3%, 6%, and 9% levels.
Up until now, the site I use for syndicate bets is just for syndicate bets only. Meaning any personal bets of mine, I place on other sites.
However due to the cash back promotion, it makes sense for both me and the syndicate to place all pool bets on the one site.
This means that from time to time the syndicate cash back may be more than expected, because the combined bets take us to the next tier. The syndicate cash back will NEVER be less, so it can only result in additional funds.
I have discussed the process and dilemma involved with both auditors (Dollie and Snuffer) and they agree that it would be silly (for me and the syndicate) to place my personal bets elsewhere.
These bets will be transparent to the syndicate with the exception that from time to time more cashback will be obtained.
The ledgers/audit process etc. will be maintained/conducted as normal.
I have been advised by the auditors to go ahead and do this.
However if there are any objections or concerns please post here.
Many thanks,
Graham
I will post an updated ledger after the attempt at Chelmsford.
Cheers,
G
Screen shots have been sent to Dollie and Snuffer.
Cheers,
G
I have received the screenshots of the betting account and can confirm there is £3,068.97 in the account after monthly subscription payments were received and yesterdays unsuccessful attempt at Chelmsford.
Dollie