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typhoon ginger
07 Feb 21 14:30
Joined:
Date Joined: 20 Jan 02
| Topic/replies: 252 | Blogger: typhoon ginger's blog
Fireaway On-course book percentage 161.18
Blowing Dixie On-course book percentage 148.63

Clearly the bookmakers cannot be trusted to act in a fair and proper manner. Where is the regulation?
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Report slickster February 7, 2021 3:32 PM GMT
Good question. They don't like lengthening ANYTHING. Disgusting. They want it all.
Report Ramruma February 7, 2021 3:48 PM GMT
On-course?
Report TheGoddess February 7, 2021 3:53 PM GMT
Regulation should dictate a maximum over round per runner on these industry sp's
Report swiftynifty February 7, 2021 3:54 PM GMT
that is more scandalous than fiddling trainers. shut them all down and have a tote monopoly, incl exotics, everyone's a winner, except for the fiddlers from both sides.
Report hulk23 February 7, 2021 4:07 PM GMT
Where is the regulation?

there isn't any.  hope this helps.
Report dave1357 February 7, 2021 4:09 PM GMT
there is, but it's too busy doing consultations about whether the bookies should get your entire fin info when you want to bet £100.
Report Pilsudski February 7, 2021 4:17 PM GMT
Exactly Ramruma.....on-course ??
Report typhoon ginger February 7, 2021 4:19 PM GMT
An official starting price based on odds provided by eight major off-course operators will be returned for race meetings without on-course bookmakers or punters, starting with Kelso on Monday.

The off-course bookmakers involved will be providing their own show prices, but the Starting Price Regulatory Commission has been asked by the industry to produce an official SP.

Kelso's meeting on Monday will be the first in Britain to take place behind closed doors following advice from the Scottish government that gatherings of more than 500 people be cancelled.

Without racecourse bookmakers or punters the usual system for formulating the SP, which is based on the on-course market, cannot be used.

Instead the eight off-course bookmakers – Betfred, bet365, ****, Coral, Ladbrokes, Paddy Power, Sky Bet and William Hill – will provide their shows to the Press Association.

 
An official starting price based on odds provided by eight major off-course operators will be returned for race meetings without on-course bookmakers or punters, starting with Kelso on Monday.

The off-course bookmakers involved will be providing their own show prices, but the Starting Price Regulatory Commission has been asked by the industry to produce an official SP.

Kelso's meeting on Monday will be the first in Britain to take place behind closed doors following advice from the Scottish government that gatherings of more than 500 people be cancelled.

Without racecourse bookmakers or punters the usual system for formulating the SP, which is based on the on-course market, cannot be used.

Instead the eight off-course bookmakers – Betfred, bet365, ****, Coral, Ladbrokes, Paddy Power, Sky Bet and William Hill – will provide their shows to the Press Association.


A representative of the PA will relay information on withdrawals and the off-time to an office-based colleague who will use the last betting shows from the operators involved to produce an SP which will be validated by an SP validator also working in the PA office.

The same formula used to produce the SP in normal circumstances will still apply.

SPRC chairman Lord Donoghue said: "The SPRC is in intense talks daily to find a way forward if all racing takes place behind closed doors."

The procedures apply in the event of fewer than three bookmakers being present on course.

Horseracing Bettors Forum chairman Colin Hord said of the new arrangements: "In these exceptional circumstances there is no alternative. We will monitor the SPs, starting with Kelso."

In Ireland, where racing has been taking place behind closed doors, the SP has been produced by SIS using the same method they utilise for meetings in places such as Dubai and France where there is no on-course market.

SIS product director Paul Witten said he was confident in the integrity of their SP, adding: "It's a tried and trusted mechanism and we have been doing it for years."


SPRC rule for calculating the SP
For each horse in a race the prices on offer by all bookmakers in the sample are ordered into a list from longest to shortest. The list is then divided into two equal halves and the SP is the shortest odds available in the half containing the longest odds. The SP or a longer price will have been offered by at least half the bookmakers in the sample.
Report Gaze733 February 7, 2021 4:35 PM GMT
Punters are responsible too for betting at those awful prices. Vote with your wallet.
Report typhoon ginger February 7, 2021 4:38 PM GMT
Questions need to be asked.

Gallahers Cross On-course book percentage 145.52
Report saxon farm February 7, 2021 4:53 PM GMT
1.25% per runner would my idea for the benchmark.
Report chavman February 7, 2021 5:06 PM GMT
this should be the issue,not the gamble....and the subsequent refusal to pay if it did land
Report Storm Alert February 7, 2021 5:15 PM GMT
Please explain to me where the Fireaway On-course book percentage 161.18 & Blowing Dixie On-course book percentage 148.63 figures have come from?

On the Racing Post results Total SP:119% & Total SP:132% for the respective races.
Report typhoon ginger February 7, 2021 5:28 PM GMT
Taken from here..

https://www.sportinglife.com/racing/racecards/2021-02-07/musselburgh/live-show/610468/bet365-novices-handicap-chase-gbb-race
https://www.sportinglife.com/racing/racecards/2021-02-07/musselburgh/live-show/610474/bet365-handicap-hurdle
https://www.sportinglife.com/racing/racecards/2021-02-07/southwell/live-show/610434/betway-casino-handicap
Report jimnast February 7, 2021 6:00 PM GMT
ginger there are no on course bookmakers which is why the off course are exploiting punters.
Report hulk23 February 7, 2021 6:06 PM GMT
SPRC should ensure there is no exploitation.  SPRC do nothing.  be better off if it didn't exist as it's presence suggests there is some form of regulation (the "R" in SPRC).  when it's actually a free for all.
Report Storm Alert February 7, 2021 6:15 PM GMT
Thanks, I still don't understand the % difference between the Sporting Life and Racing Post when the prices are the same.
Report Rigsby February 7, 2021 7:02 PM GMT
DIY

https://overroundcalculator.com/
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