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I had £24 @16 and £2.50 @ 18.5 and only drawed £188.63 before comm.
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Second time in two days ive had a dead heat and received less than 50% of what I should have, disgraceful.
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Half of both stake and price?
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same as every where else
half the stake at the odds you got |
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post more often please
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Half stakes should have paid me £215.13p before comm.
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was there any nrs
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That's better
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How could you pick Sir Dylan
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17.57 @ 9.2, return of 63.26 ?????????
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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...
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Nothing withdrawn at the off Gerbs and markets are deducted at the time of withdrawal for any earlier withdrawals.
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£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. |
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Have you factored in the premium charge to you're calculations m8?
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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. |
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yes - still not right
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Chronaic you should have got £80.82 if its half stakes.
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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
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Just like buses
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Delta is correct.
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Deltâ
so betfair make more money from a DH than they do in a normal race ? |
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Yes
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Thank you
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yeah
phone customer services and say you want the slush money back as its unfair, see what they say... can only ask... |
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Onlooker your calculations wouls appear to explain it but why is the losing stake deducted from the winnings?
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it's days like this you wish t.thunder would pop up and explain it in his own unique way
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Virgin
Your old mate Big Sam tipped sir dylan  |
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two dead heats today too - betfair laughing...
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You will get band if you call custoner services imo
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perhaps a call out thread for BCM2 then is the way forward...
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he seems to always answer quickly...
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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 |
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Thanks Sechar, i was only subtracting half the stake after multiplying by the full stake.
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chompy comes in about now and say he's backed dylan at 1.7 in the photo, cleaned up from the mugs ....
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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 |
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stattman Ta
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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. |
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Ahh I got it now, thanks timbuctooth, thanks for your help and thanks Onlooker and Sechar, appreciate it.
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+ and Deltâ...
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Thank you
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