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I had the following bet with Betfair multiples & Bet 366.
£5 E/W Treble - Bohemian Melody, Exemplary & Incendo
BF Paid: £427.40
B366 Paid: £600
How do you explain that!
£5 E/W Treble - Bohemian Melody, Exemplary & Incendo
BF Paid: £427.40
B366 Paid: £600
How do you explain that!
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Replies: 59
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Here's the proof:-
2011-10-21 17:07 25792486 2011-10-21 17:07 Transfer from Multiples, Multiples Bet Id 25792486 - - - 427.40 Bet Details Date/Time Stake Return Bohemian Melody @ 12/1 Exemplary @ 20/1 Incendo @ 16/1 Trebles, 1 bet * £5.00 EW 21/10/2011 15:12:41 10.00 600.00 |
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because the place price was under SP
+ 5% deduction PER LEG simples |
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better off doing multiples at bookies
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£5 @ 1110.4-1 on the BFSP win
£33,112.20 well done  I'm guessing you had a few going for you |
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14.5 / 26.4 / 17.3 win treble
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Of course had they all won, it would have been very nice....but 50% under the bookies payout is just a joke.
I put this up as a warning to others who may use the BF multiples....looks like WIN ONLY and E/W with the bookies. |
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How do BF work this out. BF place SP was 3.98, 5.89 and 4.1 respectively.
5*3.98*5.89*4.1= 480.56, so how come I only got 427.40! It's one rip off after another! |
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Deltâ @ 17:27 told you why .....
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3.78 / 5.59 / 3.89
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it's not 5% deduction per leg though, doesn't work out...but even if it did....how can they deduct each leg, should surely only deduct once at the end.
Anyway lesson learnt, wont be doing any more....worse than the tote 40% deduction for the scoop 6! |
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You won though .... you must really be hard to please
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Yes because how often do these come in? Not every week I can assure you, so to lose 50% of your expected winnings is a lot! If I had known how poor the BF payout would be I would not have done it with them. So I want to warn other that E/W bets with BF should be avoided.
My comm rate is 4.4, that is the difference....but to take comm every leg is just disgraceful. |
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Absolutely shocking, worse than Dick Turpin. Bf showing contempt for their customers yet again.
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you had bets with both BF and Bet 365
This suggests to me that you are aware of the potential large differences in payouts and wanted to cover yourself in both areas i.e. if all 3 won you would have scored on BF |
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The place price is on Betfair is the true price of that horse placing. Yes it can go against traditional are worked on the 1/4 or 1/5 rules.
That being said, you'd prefer to have a win only Multiple with Betfair SP compared to Industry SP. Also they have to charge a commission per leg, they have to have a margin, they are a business. |
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Just ask them for a stake refund then
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Betfair multiples just not worth it until they give a minimum return
The more you put on the lesser the odds given , hardly encouraging |
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Trusty if you can get a multiple on with that Stoke outfit give the game up and start knitting instead of having a pop at Betfair..
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Evening Mr Freeth ^ lol
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Homefortea,please give a reasoned response you clown.Bet 365 will lay a £5 ew treble no matter how weak they may be.They certainly won't be charging 4.4% commission every time on of them places and they won't be charging up to 60% premium charge either.Betfair nowadays is for mugs who simply cannot win or never have any pretensions to winning
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Delta knows all.
He goes through my bin at nights  |
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Mincer my little ballerina, I have had many accounts with the said firm the last one was shut in a week despite it being a £2.5k loser ! If you can get a bet on to win more than a pony than indeed you are a horses arse.Anyone who backs a couple of horses at bigger than the sp is closed quicker than than Peter Coates' bedroom door when he hears the wife coming up the stairs..
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BF don't have to charge a commission per leg, they choose to because they are greedy. BF are only supposed to charge commission on winning bets and the bet was not a winner until the last one placed so how can they justify charging commission on a per leg basis; the FAIR way to have calculated this bet would have been:
(5*3.98*5.89*4.1= 480.56) * 0.956 (if comm rate 4.4) = 459.42 |
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Homefortea,every two bob punter in the world including yourself obviously has had accounts closed down particularly in the latter years of gambling.Just because the account was losing ,that makes no difference whatsoever .If somebody is betting horses that are hot it won't matter whether they win or not.Whatever you say about Bet 365,they hardly are likely to have charged you commission or premium charge at any stage,so please don't big up Betfair as the saviour of gambling when nowadays the winners are no longer allowed bet
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Trusty
Horse Racing Multiples When betting on horse racing Multiples the odds of each leg will be based on the Betfair SP, adjusted by a margin. This margin is usually 5% but may vary from time to time. No commission is payable on winnings on horse racing Multiples. Trusty 21 Oct 11 18:01 it's not 5% deduction per leg though, err? so... |
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Hey I am no apologist for Betfair but at least you know (or should do) what you get.Please don't call me a two bob punter and mention me in the same sentence as that firm.If you are prepared to bend over and be shafted then that is your lookout.Just be aware that you and anyone who can get a bet on with that firm is a loser...Yes a loser and if you want to be a "recreational punter" then fair enough.
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How sneaky is that! They don't charge you your personal commission rate because they are charging you the maximum commission rate on each leg.
Homefortea - Ony a complete fool can lose to 366; Everyone who bets with them should be a winner, until they get closed; one of my friends managed to take nearly 10K off them before they realised he wasn't a mug. |
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Oh dear, I could own the whole of Stoke-On-Trent if I was allowed too..A week is not enough to take them on.Good luck to anyone who got £10k off that awful family.Oh and as regards Betfair multiples why would anyone take the sp ..surely the whole point of the said firm is that you can fix a price and actually get on !!
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Can you bet place place only trebles with 366 ? if not you will mathematically take under the odds on here.
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At least Bet365 or whatever firm they are are bookies who lay bets and are in the business to make money.They do take positions and obviously chances from time to time.It's common sense that they will limit punters that they deem dangerous.This betfair crowd lay nothing ,take no chances yet they still want to weed out the pros .They will allow thieves to operate once they part with half the proceeds back to them via this premium charge.An odious organisation ,so please don't mention them in the same breath as 365 or anybody else for that matter.Worse than bettfred and that's saying something
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mincer11 - I think homefortea's point is that 366 don't lay bets, unless they think you are a mug.
homefortea - My friend was only staking about £50 per bet. I don't know how you bet but if you get a new account and go wading in with £500 dirty EW bets you can't expect it to last long. |
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Mincer oh dear oh dear.Nobet365 do not take positions unless it is face down.Limit punters..if that means you are allowed to "win" £15 then that is OK.They shouldn't be allowed to operate because they are no better than the FOBT's that you find on the High Street.Some time soon such operations will be closed down.
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Repollag only £50 per bet !!Even Matthew Etherington couldn't get that much on ...
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homefortea - £50 Win and £25 EW was no problem for several months; he even had plenty of next C4 race freebies and bets in races with 5 places. I advised him to avoid PW selections as that's a quick way to get your account noticed.
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What ?? I cannot believe that I am even replying to you.Message me with any account details and I can GUARANTEE that the account will be closed by Monday.And then you will have to provide those chancers with more ID than you ever find.The sooner that the Gambling Commission does its job then the sooner that gambling becomes well regulated.Some people are winners and some are losers..FACT...
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Yes and the real winners are not allowed bet on betfair,the stealers are as long as they half the spoils.
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mincer11 send me your details and I will make you money.If not shut the fook up.Unless you actually work for the odious Stoke "layers"....
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Shut up ya fool,send me your details and i'l make you money.What kind of a tool are you at all,every Tom Dick and Harry gets closed down nowadays,you are hardly in a league of your own.
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homefortea - I completely agree that some people are winners and some are losers; the point I'm making is, unless you have no idea of betting, it is hard to lose to 366 because they offer such good value. I dislike 366 as much as you do but the fact is that for whatever reason some people can have profitable accounts with them for a some time. I'm sure you can get anyone's 366 account closed immidiately because you would just login with your usual computer and ip address and they would link the account to you. 366 are one of the more technically aware books so, if you don't already, you need to understand how they link your accounts.
mincer11 - it sounds like you pay the premium charge. I don't pay it but I would be bitter if I did. I belive the premium charge is a disgrace, smacks of utter greed, and is totally contrary to the principals BF used to stand for, i.e. fairness and winners welcome. |