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crispyman
17 May 11 19:26
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Date Joined: 13 May 08
| Topic/replies: 483 | Blogger: crispyman's blog
How do we know bookies are not ripping us off on rule 4s?
Many a time I have won a decent sum from a horses multi bet and I am underpaid while they quote "rule 4".
On their screens behind the counter they can see the horse that was withdrawn, what time it was withdrawn at and the rule 4.
However, this information is never displayed to the public via their website (or is it in any cases)?
Surely they are keeping this information from the public for a reason?

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Replies: 8
By:
Mr Snap
When: 17 May 11 20:06
Half of what you write is not true the rest just rubbish

nice fishing move on
By:
crispyman
When: 18 May 11 00:00
What is not true in this post? Note the last line is a question not a statement.

Back to the point, is there anywhere that we can find this information, ie time of withdrawal and price at the time?
The problem is that bookies A could be offering 4/1 early price on a horse that is 6/1 in other places, so instead of getting hit with a 10p in the pound r4 we are hit with 20p simply because bookie A is giving a terrible price on the horse.
I am sceptical that if I did win a large amount from a multiple bet the bookie could just price down the horse, making the rule 4 more costly for the punter and we have no proof or idea if this has happened!
By:
Wicked Whisper
When: 18 May 11 02:33
Is it applied to each bookmakers early price and not industry SP?
By:
Baggers
When: 18 May 11 09:51
crispyman

You seem to think the world is against you

SIMPLE SOLUTION

When you have a bet, take a screenshot of the full prices for that race, at the end of the race, work out what the RULE 4 is if any (Calculator on most firms website)

If you can't be bothered to do this, take what you are given

Result below is taken from a major bookmakers website which would suggest before the new market was reformed at 11.34.55, athwaab was trading between 15/8 and 9/4

deduction in the pound. Between 9:00:00 - 11:34:55
1st     1. Rocker    5/4 F
2nd     2. Billy Red    7/2 2F
NR     4. Athwaab
By:
Baggers
When: 18 May 11 09:52
Tattersalls' Rule 4© Deduction Scale (Per Pound).

a) 1/9    or    shorter    90p
b) 2/11    to    2/17    85p
c) 1/4    to    1/5    80p
d) 3/10    to    2/7    75p
e) 2/5    to    1/3    70p
f) 8/15    to    4/9    65p
g) 8/13    to    4/7    60p
h) 4/5    to    4/6    55p
i) 20/21    to    5/6    50p
j) Evens    to    6/5    45p
k) 5/4    to    6/4    40p
l) 13/8    to    7/4    35p
m) 15/8    to    9/4    30p
n) 5/2    to    3/1    25p
o) 10/3    to    4/1    20p
p) 9/2    to    11/2    15p
q) 6/1    to    9/1    10p
r) 10/1    to    14/1    5p
s) over        14/1    no deduction
By:
qqking.
When: 18 May 11 10:01
You should place your multiple bet on betfair. Much better returns overall at SP, though bet_red best odds guarantee might make a difference (restricted to certain races).
By:
Baggers
When: 18 May 11 10:09
Let me give you an example

BOOKMAKER A prices a three runner race

Horse 1: Evs
Horse 2: 9/4
Horse 3: 9/4

BOOKMAKER B prices same race

Horse 1: Evs
Horse 2: 6/4
Horse 3: 11/4

You take the 11/4 with BOOKMAKER B but then Horse 2 is withdrawn,the original prices need to be adjusted

BOOKMAKER A prices a three runner race

Horse 1: Evs (2.00) (New Price 1.70)
Horse 2: 2/1 (3.00) (NON RUNNER 30p R4)
Horse 3: 5/2 (3.50) (New Price 2.75)

BOOKMAKER B prices same race

Horse 1: Evs (2.00) (New Price 1.60)
Horse 2: 6/4 (2.50) (NON RUNNER 40p R4)
Horse 3: 11/4 (3.75) (New price 2.65)

Both books are overbroke but you would have been better off backing both remaining horses with Bookie A

Sorry if maths are out but done it quickly in my head
By:
Baggers
When: 18 May 11 10:11
I changed bookies A's prices so it was easier to work out new prices Laugh
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