I can’t believe after all my years in racing I’ve failed to notice how this is worked- maybe because I rarely get involved in it. So is it correct that the deduction is made on total returns that is including the stake. If this is really the case can someone outline the justication for including the stake in the figure to work the deduction on. After all this is supposed to compensate for the inability to adjust the market following a withdrawal due to lack of time. If on the other hand the market had been adjusted my stake would not have altered just the net return so why is the stake brought in at all?