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08 Jan 20
19:41
Joined:
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
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
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Replies: 76
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By:
MIAH GRACE 2.50 Leicester bfsp
thks striding.....if bfsp is too big void is fine ill look at racing after work |
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Little Bruce 2.40 Catterick
thanks stridingedge |
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Change of tactic for me
Saint De Vassy - 1.10 Leicester Place lay Cheers Striding |
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Captain Woodie Catt 3.45
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fighting fit - 2.30 clonmel
ty striding |
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catt.12.25 Silkstone @5.7 cheers stride..
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Bendy Spirit - 1.55 Newcastle (Last price matched:3.35)
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Little Bruce - 2.40 Catterick (3.45)
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Ah so Leicester is abandoned. Change to the following please Striding.
Corked - 3.30 Newcastle Place Lay Cheers |
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Flat To The Max - 12.15 New Place Lay
Thanks |
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Dark Regard - 1:55 Newcastle @ 4.6
Many thanks Striding |
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Catterick 12.25 Kangaroo Valley @3.7
Thanks Striding |
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Cawthorne Lad @ 4.8 - 12.25 Catterick please se
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Insult 1.25 Clon 4.5
Thanks |
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4.05 Newcastle | Clareyblue | 1.48 (LPM)
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Malystic - 2-05 Catterick @ 3.35.
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Malystic - 2.05 Catterick 3.25
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1.55 New Bendy Spirit ( 3.6 )
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12.20 | CLonmel EIRE | Getaway Gorgeous | 1.68 Matched
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12.20 Clon Getaway Gorgeous
Thanks |
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Catt 14:05 Pileon last price matched 1.5!1
Thanks SE might as well be propping the table up at the end of the day lol cheers |
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Sorry that should read price 1.54, thanks.
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FIRST 6 RACES Catterick are back 5 mins so you can select under rules to the new revised times.
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12:45 Newcatle: Tarnhelm Place Lay @ 2.90
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roca magica 16.30che @4.7
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Fighting Fit 2.30 Clonmel@ 2.84
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Catt 1.00 Massini's dream 5.3
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Bella Brazil - 2.55 Newcastle
Good luck all |
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london arch 15.00 newcastle . 2.82
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London Arch 3.00 Newc 2.84
Cheers High Priest  |
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London Arch - 3.00 Newcastle @ 2.78 matched
thanks |
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1.20..Newcastle..High Fort..4.9
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adamanty that is too late, I have to be consistent with this
1.17 would be the latest time for the 1:20 race |
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Yesterday 2 posters did the same and they had to pick again.
You are free to pick something else.  This wasn't an issue until yesterday but seems to be creeping in. |
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15.35 Clonmel Holycross Lito 4.1
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1.55 Dark Regard place lay.
Ta SE. |
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Hi Striding - I have just realised that I have inadvertently joined the recent flood of rule breakers!
  Despite requesting a price when I posted it (sorry!) - I am obviously happy to take BF Place SP on my place lay as per the rules!  At least I posted it in time (just)!!!  |
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1:55 Winning Streak place lay (2 places)
Cheers SE |
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13:55 Newc Bendy Spirit (plc)
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