New Posts For Thread: EACH WAY TERMS MAJORS BOOKMAKERS SCANDALhttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandalHi all is it me or is this illegal lately major bookmakers each way terms adding extra place and not giveing you 1/4 instead giveing you 1/5th odds a place in all handicaps even 18 runners they must be najeing a fortuneAn interesting anomaly from the 1980's was that it was 3/1 chances that you should bet each way, and 16/1 chances that you should bet win only. No idea if it is still the case.https://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=558266551#558266551An interesting anomaly from the 1980's was that it was 3/1 chances that you should bet each way, and 16/1 chances that you should bet win only. No idea if it is still the case.Sun, 03 Nov 2019 17:36:41 -0600Assume for a moment bookies were working to a zero% (ha Ha)In a 16 runner Hcap all things being equalYou'd get 15/1 the fieldThe field EW would return £36 for a £32 outlayThe £4 profit would come from the over generous place termshttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557429311#557429311Assume for a moment bookies were working to a zero% (ha Ha)In a 16 runner Hcap all things being equalYou'd get 15/1 the fieldThe field EW would return £36 for a £32 outlayThe £4 profit would come from the over generous place termsSun, 23 Jun 2019 12:06:04 -050016 runner hcp pays first 4They withdraw a 9/1 shot So firstly you get a 10p rule 4 then they only pay first three.So say you back two horses they come 3rd & 4th you lose 10% of your place money on the third & you get no return on the 4th.A fairer wayhttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557424745#55742474516 runner hcp pays first 4They withdraw a 9/1 shot So firstly you get a 10p rule 4 then they only pay first three.So say you back two horses they come 3rd & 4th you lose 10% of your place money on the third & you get no return on the 4th.A fairer waySat, 22 Jun 2019 17:41:19 -0500they gave your money to the people who backed the fifth horse, they aren't making anything extra. If you want the standard terms just write them on your slip or look for an online bookie that uses them.https://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557424251#557424251they gave your money to the people who backed the fifth horse, they aren't making anything extra. If you want the standard terms just write them on your slip or look for an online bookie that uses them.Sat, 22 Jun 2019 16:40:19 -0500I though every horse that is placed they are making fottunes I had 100 each way at 10/1 I lost £50 everyone loses unless you finish 5th you used to get the extra place free offer not now it is making millions in my opiounhttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557416697#557416697I though every horse that is placed they are making fottunes I had 100 each way at 10/1 I lost £50 everyone loses unless you finish 5th you used to get the extra place free offer not now it is making millions in my opiounFri, 21 Jun 2019 18:02:56 -0500Five fifths and four quarters are both equalPercentagewisehttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557416027#557416027Five fifths and four quarters are both equalPercentagewiseFri, 21 Jun 2019 16:10:36 -0500Making a fortune how?PAying a fifth the odds on 5 winners feels like it should be the same cost as paying a quarter the odds on four winners (though I'd have to work the numbers out, being it's a quarter or fifth of the fractional odds, not the decimhttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557403231#557403231Making a fortune how?PAying a fifth the odds on 5 winners feels like it should be the same cost as paying a quarter the odds on four winners (though I'd have to work the numbers out, being it's a quarter or fifth of the fractional odds, not the decimThu, 20 Jun 2019 05:56:19 -0500Hi all is it me or is this illegal lately major bookmakers each way terms adding extra place and not giveing you 1/4 instead giveing you 1/5th odds a place in all handicaps even 18 runners they must be najeing a fortunehttps://community.betfair.com/general_betting/go/thread/view/94082/31537809/each-way-terms-majors-bookmakers-scandal?post_id=557401411#557401411Hi all is it me or is this illegal lately major bookmakers each way terms adding extra place and not giveing you 1/4 instead giveing you 1/5th odds a place in all handicaps even 18 runners they must be najeing a fortuneWed, 19 Jun 2019 15:13:19 -0500