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06 Jan 20
18:06
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Date Joined:
14 Sep 10
Q and A’s regarding the competition format and rules.
How many selections must be made?
Over the month entrants must make 1 selection on at least 25 days.Anyone can join in at any time as long as this criteria can be met, so for the January comp, the 7th would be the latest possible time to join in.
The calculation for no shows which cannot be exceeded is Days Of The Month - 25
So for January 31-25 = 6 possible days when an entrant can refrain from offering a selection
Void runners will not be viewed in the same way.Whilst substitutes can be offered at any point following all the usual rules, a failure to replace a void runner will not be used as a strike in the same way as a No Show.So in theory for a month, an entrant may still be accepted for posting less than 25 selections so long as the no show limit is not exceeded.
What criteria do selections need to satisfy?
Selections must be of odds no greater than 6.0 in any UK or IRE race under rules win or place markets on Betfair.
Are win and place markets settled in the same way?
Win markets allow for a choice between an early price to be taken or BFSP, whereas place markets will ALWAYS be settled at BFSP.The reason for the difference being the sluggish liquidity difference between those markets and thus the credibility of early prices.
When must selections be posted? (please read this carefully)
A selections thread for the following days racing will usually be posted between 4-5pm, in the event I am not around at this time the selections thread may be put up sooner.
The competition will have 2 phases for the selections process.
Phase 1 will be from the time the selections thread is posted until 8am the following day (race day).
In this phase there is an opportunity primarily for those that are not around on race day to still be able to take part.Selections given during this time will be settled at BFSP unless a bet meeting the competition liability (current bank / 20) is posted on the selections thread to show it was feasible. The reason for this request at this stage is the volatility and slackness of the market and subsequent ?? over the credibility of an early price taken.
Eg the starting liability in the comp is £50 so a qualifying bet at the stated price must be posted for a minimum of that liability to be settled as such.
Selections posted with prices that aren’t verified in the above fashion will still be allowed but settled at BFSP so long as they still satisfy the price limit of max odds 6.0.
Entrants are more than welcome to offer a couple of substitutes if they know they will not be around to change any selections deemed void.Substitutes that qualify will then be used in the event of a void first choice.
Phase 2 will be from 8am until t-2mins of race time (so 12:00 race would need entry no later than 11:57am) on the given race day.
In this phase of the market, Entrants can take an early price (no posted bet required) as last price matched when posting or leave their selection to be settled at BFSP.Note again that place market selections will always be settled at BFSP at whatever phase of the markets.
How are selections staked and returns calculated?
Selections are staked to a fixed 5% liability of an entrant’s current bank with a 2% commission rate which recently has become widely available on Betfair.
Where a price has been taken this will be used in settlement even if the BFSP returns greater than the permitted 6.0 max limit.
If deductions occur in the market after this price was taken, the taken price will be adjusted accordingly and so will the relevant staking for that selection to stay at the 5% liability of current bank.
Where a price has not been taken settlement will as in phase 1 of the market be at BFSP.
Where can the current standings be seen and who wins the comp?
The days results will be posted on the days selections thread on this forum, the overall standings will be over on the Your Comps forum.The winner will be the entrant with the biggest bank at the end of the month.
We have had a dummy run over a couple of days to test things out and it did go smoothly but I am happy to answer any questions that the above does not address.
How many selections must be made?
Over the month entrants must make 1 selection on at least 25 days.Anyone can join in at any time as long as this criteria can be met, so for the January comp, the 7th would be the latest possible time to join in.
The calculation for no shows which cannot be exceeded is Days Of The Month - 25
So for January 31-25 = 6 possible days when an entrant can refrain from offering a selection
Void runners will not be viewed in the same way.Whilst substitutes can be offered at any point following all the usual rules, a failure to replace a void runner will not be used as a strike in the same way as a No Show.So in theory for a month, an entrant may still be accepted for posting less than 25 selections so long as the no show limit is not exceeded.
What criteria do selections need to satisfy?
Selections must be of odds no greater than 6.0 in any UK or IRE race under rules win or place markets on Betfair.
Are win and place markets settled in the same way?
Win markets allow for a choice between an early price to be taken or BFSP, whereas place markets will ALWAYS be settled at BFSP.The reason for the difference being the sluggish liquidity difference between those markets and thus the credibility of early prices.
When must selections be posted? (please read this carefully)
A selections thread for the following days racing will usually be posted between 4-5pm, in the event I am not around at this time the selections thread may be put up sooner.
The competition will have 2 phases for the selections process.
Phase 1 will be from the time the selections thread is posted until 8am the following day (race day).
In this phase there is an opportunity primarily for those that are not around on race day to still be able to take part.Selections given during this time will be settled at BFSP unless a bet meeting the competition liability (current bank / 20) is posted on the selections thread to show it was feasible. The reason for this request at this stage is the volatility and slackness of the market and subsequent ?? over the credibility of an early price taken.
Eg the starting liability in the comp is £50 so a qualifying bet at the stated price must be posted for a minimum of that liability to be settled as such.
Selections posted with prices that aren’t verified in the above fashion will still be allowed but settled at BFSP so long as they still satisfy the price limit of max odds 6.0.
Entrants are more than welcome to offer a couple of substitutes if they know they will not be around to change any selections deemed void.Substitutes that qualify will then be used in the event of a void first choice.
Phase 2 will be from 8am until t-2mins of race time (so 12:00 race would need entry no later than 11:57am) on the given race day.
In this phase of the market, Entrants can take an early price (no posted bet required) as last price matched when posting or leave their selection to be settled at BFSP.Note again that place market selections will always be settled at BFSP at whatever phase of the markets.
How are selections staked and returns calculated?
Selections are staked to a fixed 5% liability of an entrant’s current bank with a 2% commission rate which recently has become widely available on Betfair.
Where a price has been taken this will be used in settlement even if the BFSP returns greater than the permitted 6.0 max limit.
If deductions occur in the market after this price was taken, the taken price will be adjusted accordingly and so will the relevant staking for that selection to stay at the 5% liability of current bank.
Where a price has not been taken settlement will as in phase 1 of the market be at BFSP.
Where can the current standings be seen and who wins the comp?
The days results will be posted on the days selections thread on this forum, the overall standings will be over on the Your Comps forum.The winner will be the entrant with the biggest bank at the end of the month.
We have had a dummy run over a couple of days to test things out and it did go smoothly but I am happy to answer any questions that the above does not address.
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Replies: 71
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From now on place layers...
PLEASE ONLY USE STANDARD PLACE MARKETS These prices cannot be accessed anywhere once the race has gone so this has to be the way forward. |
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glendavon - 5.15 southwell
ty striding |
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Sea Sculpture 4.15 Southwell
thanks stridingedge. |
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Wishing And Hoping - 3.30 Taunton
Thanks se |
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14.15 Lingfield Destinee Royale 2.6
Thanks for running this comp Stridingedge. |
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Motawaafeq - 5.15 Lingfield (5.8)
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Jammin Masters - 2.45 Lingfield (Last price matched:3.95)
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FOR LANGY 1.00 Taunton 5.5 Last price matched
Cheers stride |
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Surf Walk - 12.45 Lingfield Last Price Matched 4.1
Cheers Striding |
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Good morning striding. I wasn't around yesterday for our dots babys race, but I did lay the horse during the morning at average odds of 2.34.
Hopefully todays selection will be strait forward. 5.45 Fancy Footings 2.62 LPM Thanks for running the comp and all your hard work. |
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6.15..Southwell..Falcao..6.0
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atwaar 18.15sou
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atwaar 18.15sou 2.86
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No worries flatcap 2.3 a decent estimate, A shame these extra place markets aren't logged anywhere (for free anyway!).
Welcome uptheboro  please make sure you post a selection EVERY day for the rest of the month to qualify as another no show would put you over the monthly limit, good to see someone new on day 7 though.Cheers. |
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Ling 3.45 The Brothers @ 3.95..cheers stride..
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And ditto for you SOS welcome from yesterday, you have one day though for rest of the moth where you may choose not to select.
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Mousebird - 4.15 South Place lay ( 7 runners so 2 place market )
Thanks Striding slightly grey area on the place markets, fully get your reasoning but on occasion your have say an 8 runner race reduced maybe late on to 7 runners however the betfair standard place market would still be for three places though obviously the industry market pays just two is that correct from your'e settling point of view ? |
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Yes Pump there's no problem in that scenario as the terms remain the same unless the market is so reduced the place market is voided. As long as the sp's are available so I can find them after the race is settled that's fine and this is always the case for the standard markets regardless of non runners.
I thought yesterday as a last resort they would have the markets the next day on the betfair history files but alas they do not include data for the extra markets. |
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Thanks, I often lay first two rather than win but as you say if there is no record it makes it all too complicated.
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I was actually thinking IF a bet was posted to the competition liability(like rule for taking an early pre 8am price in win market) I would have no problem with accepting these markets but perhaps it's just better to keep it simple.
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Filou des Issards - 2:00 Taunton @ 5.8
Many thanks Striding |
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Green Dolphin 1.00 Taun 5.4
Thanks |
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3.45 Lingfield | Inspireus | Place Lay 1st 3
Many Thx Striding |
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Coole Well 2.30 Taunton @ 5.5
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Blue Dolphin @ 5.8. 1-0 Taunton.
Ta. |
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This Surf Walk in the opener, sire has a rank record on polytrack.
Not enough to lay it blind from this trainer but interested to see late betting and performance for me. |
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2.15 ling Eastern Gold
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Taunton 13:00 Masters Legacy!!
Many thanks and good luck to all. |
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Taunton 14.00 escapabilty 2.62
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Wishing And Hoping - 3.30 Taunton
Good luck all |
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Shall We Go Now - 2.00 Taunton @ 4.20 matched
thanks |
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Orrisdale 1.15 Ling
He who dares Gets burnt  |
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Buzz 1:30 Taunton 1.57
Thanks SE |
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Glendevon 5.15 Southwell @ 2.7.
Thanks SE. |
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Well played Hatters.
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Seeanythingyoulike 3.45 Ling 1-45 Thanks SE.
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glendevon 5.15 southwell @ 2.7
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UL Sontaran
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ling 1.45 Seeanythingyoulike
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