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The ntpd daemon usually balances out message runtimes between a broadcast server and the client automatically by using a message protocol specially intended for this purpose. If this calibration fails, the ntpd uses a default value of 0.004 seconds. The broadcastdelay statement can be used to define some other value. The broadcastdelay statement enables you to suppress the execution of this protocol and instead to define a value explicitly.
broadcastdelay delaytime
delaytime
Specifies the value, in seconds, to offset the message runtime between the broadcast server and client.
Values between 0.003 and 0.007 seconds are appropriate for Ethernet.