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ONTHEBIT
31 Jan 13 18:05
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Date Joined: 12 Feb 06
| Topic/replies: 283 | Blogger: ONTHEBIT's blog
I had £24 @16 and £2.50 @ 18.5 and only drawed £188.63 before comm.

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Replies: 42
By:
Chonaic
When: 31 Jan 13 18:07
Second time in two days ive had a dead heat and received less than 50% of what I should have, disgraceful.
By:
Roquebrune
When: 31 Jan 13 18:08
Half of both stake and price?
By:
Gerbs
When: 31 Jan 13 18:08
same as every where else
half the stake at the odds you got
By:
Virgin
When: 31 Jan 13 18:10
post more often please Mischief
By:
ONTHEBIT
When: 31 Jan 13 18:11
Half stakes should have paid me £215.13p before comm.
By:
Gerbs
When: 31 Jan 13 18:11
was there any nrs
By:
Virgin
When: 31 Jan 13 18:12
That's better Wink
By:
Virgin
When: 31 Jan 13 18:12
How could you pick Sir Dylan  Confused
By:
Chonaic
When: 31 Jan 13 18:13
17.57 @ 9.2, return of 63.26 ?????????
By:
Deltâ
When: 31 Jan 13 18:13
Dead Heats are a con on Betfair - as its person to person betting - not like a bookmaker - so they shouldnt keep half as there is no liabilty on the other winner - all wrong...
By:
ONTHEBIT
When: 31 Jan 13 18:13
Nothing withdrawn at the off Gerbs and markets are deducted at the time of withdrawal for any earlier withdrawals.
By:
onlooker
When: 31 Jan 13 18:14
£24  @ 16  =

£12 @ 15/1 = £180 winnings ... LESS £12 of £24 Stake LOST = £168 winnings - Less Commission

£250 @ 18.5 =

£1-25 @ 17.5/1 = £21-87 winnings .... Les £1-25 Stake LOST = £20-62 winnings - Less commission

TOTAL Winnings = £188.62 - Less Commission.
By:
Stake & Chips
When: 31 Jan 13 18:15
Have you factored in the premium charge to you're calculations m8?
By:
Gerbs
When: 31 Jan 13 18:15
Industry Standard
Our Dead Heat rule gives the same payout as if a customer were to bet in a betting shop or online with a traditional bookmaker. The reason that some backers feel this is not the case is because they forget that in a betting shop, they hand their stake over the counter and the amount returned includes the winning half of the stake. On Betfair, they have not paid the losing half of the stake to the layer up front so their profit / loss shown on the statement needs to reflect this.
By:
Deltâ
When: 31 Jan 13 18:16
yes - still not right
By:
ONTHEBIT
When: 31 Jan 13 18:16
Chronaic you should have got £80.82 if its half stakes.
By:
Deltâ
When: 31 Jan 13 18:17
Gerbs - but the bookie takes bets on lots of horses, so has to pay on the other winner too - person to person single to single on here - no other liabilty on other dead heater - its like a tax they keep
By:
Virgin
When: 31 Jan 13 18:17
Just like buses Crazy
By:
Stake & Chips
When: 31 Jan 13 18:18
Delta is correct.
By:
Gerbs
When: 31 Jan 13 18:19
Deltâ
   
so betfair make more money from a DH than they do in  a normal race ?
By:
Stake & Chips
When: 31 Jan 13 18:20
Yes
By:
Ylime
When: 31 Jan 13 18:20
Thank you
By:
Deltâ
When: 31 Jan 13 18:21
yeah

phone customer services and say you want the slush money back as its unfair, see what they say... can only ask...
By:
ONTHEBIT
When: 31 Jan 13 18:21
Onlooker your calculations wouls appear to explain it but why is the losing stake deducted from the winnings?
By:
elise
When: 31 Jan 13 18:22
it's days like this you wish t.thunder would pop up and explain it in his own unique way
By:
stattman
When: 31 Jan 13 18:22
Virgin
Your old mate Big Sam tipped sir dylan Grin
By:
Deltâ
When: 31 Jan 13 18:22
two dead heats today too - betfair laughing...
By:
Stake & Chips
When: 31 Jan 13 18:22
You will get band if you call custoner services imo Sad
By:
Deltâ
When: 31 Jan 13 18:23
perhaps a call out thread for BCM2 then is the way forward...
By:
Deltâ
When: 31 Jan 13 18:24
he seems to always answer quickly...
By:
Sechar
When: 31 Jan 13 18:25
Stake: £17.57
Price: 9.2

£17.57 X 9.2/2 - £17.57   =  £63.26

or if you prefer

£17.57 X 8.2/2 - £17.57/2  = £63.26
By:
Chonaic
When: 31 Jan 13 18:28
Thanks Sechar, i was only subtracting half the stake after multiplying by the full stake.
By:
elise
When: 31 Jan 13 18:29
chompy comes in  about now and say he's backed dylan at 1.7 in the photo, cleaned up from the mugs ....
By:
Sechar
When: 31 Jan 13 18:36
Stake: £24
Price: 16

£24 X 16/2 - £24   =  £168

or if you prefer

£24 X 15/2 - £24/2  = £168

Stake: £2.50
Price: 18.5

£2.5 X 18.5/2 - £2.50   =  £20.63

or if you prefer

£2.50 X 17.5/2 - £2.50/2  = £20.63

So: £168 + £20.63 = £188.63
By:
Virgin
When: 31 Jan 13 18:51
stattman    Ta Plain
By:
timbuctooth
When: 31 Jan 13 18:51
onthebit

think of it the other way around. Yhe LAYER laid 24 pounds at 16. Normally, he wins 24 or loses 360. With a dead-heat, the layer only loses half. So he loses 180 to the succesful half of the dead- heat, but he also WINS the unsuccesful half of your bet, in this case, 12. So, the layer loses 180 minus 12, net loss 168. Half of your bet was a loser, which means half of the layer`s bet was profitable for him.

One or two people on here really should know better.
By:
ONTHEBIT
When: 31 Jan 13 18:58
Ahh I got it now, thanks timbuctooth, thanks for your help and thanks Onlooker and Sechar, appreciate it.
By:
Deltâ
When: 31 Jan 13 19:23
+  and Deltâ...
By:
Ylime
When: 31 Jan 13 19:29
Thank you
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