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https://www.starsportsbet.co.uk/simon-nott-betting-blog-cheltenham-sunday-2/
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Cheers for posting
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Simon as always a good read I can see why plenty pitches are available just had an email from bf send more funds.
Ronnie. |
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The Neville Porter firm can't understand why they aren't taking any money. Baffling.
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While Kalooki Racing wonder why they can indeed take money, yet not make a profit.
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Offering 1/4 a 4/9 poke !!! No wonder he has a Gamble Aware notice on his joint. WAC.
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Probably had enough bets taken already on the fav so just did what he did.
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The thing is, even Kalooki Racing are betting to 109%. They're not exactly giving it away.
But Neville Porter is betting to 120%. "But I'm offering each way, bonnie lad," he'd say. Well. yes. But 1/5 the odds two places. The place book comes to 215%! |
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Interesting read
Good posts Screaming. |
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So 637 views and not one sharp mind spotted the fact the place book was 107 not 215% ,the porter firm offered a choice to punters who wanted to bet each way when the tote the betting offices and most other bookmakers didn’t
As I say sharp minds |
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Well, 215% is how a 2-place book is calculated here, on the exchange, so that's how I presented it. But if you want to halve that figure and call it 107.5%, fair enough.
Still doesn't take away from the fact that Porter was asking punters to bet into a 120% win book in order to access that "107%" place book. He wasn't betting place-only. |
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A punter who wants win only can go next door he provided a choice ,normally punters are complaining about all the books been the same.
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But he could have gone exactly the same prices as the win-only board next door, and still had a profitable place book at 1/5 the odds 1,2.
4/11, 7/2, 12/1 and 16/1 would have given him a place book of 205% (or 102%, as you would put it). Still overbroke. Instead he went 1/4, 3/1, 12/1, 13/1 and didn't appear to be taking very much. |
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Sorry. I meant NOT overbroke.
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From what I’ve heard screaming none of the books were taking very much at Cheltenham on Sunday and the other two days were not much better .
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It was so depressing looking at that scene in Cheltenham Tatts, jimnast. All the racegoers were in the Members enclosure or around the paddock.
Got to leave for soggy, foggy Exeter now. Have a good day. |
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Enjoy Exeter and good luck screaming
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I know how to calculate the win book percentage -but how do you do it for the place book so that you can arrive at 215% and 107.5% and both be right, please?
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To be honest manoleeds I don’t know but I knew 215 was wrong so yesterday at haydock I asked a bookmaker to put that show in his computer came up with the place figures.
Like you I know how to calculate a win book but not a place book Prior to the computer telling bookmakers the place figures they hadn’t got a clue how bad 1st 4 1/4 was in a 16 runner handicap |
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Seems a bit like smoke and mirrors to me, you may well be right Jimnast and our friendly bookmaker is simply offering more choice, but how many racegoers would back e/w in a 4 runner race ?
Also as Manoleeds pointed out how many folk oncourse would know how to work out the % of each ??, my guess be 1% if you are lucky. why not just keep things simple and bet to win only and get your wage by laying back on here for a workable profit. |
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How many punters on course want to bet 4s on glasgow I would be pretty sure most would sooner bet 12/1 each way in a 4 runner race.
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jimnast
"Like you I know how to calculate a win book but not a place book" Take the Win odds and the EW Terms, work out the Place odds, convert to decimal if you haven't done so already, then do just like you'd do with a Win book and sum the reciprocals? Apologies if I am missing something. |
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I mean the total place book longbridge
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This doesn't quite answer the question but I found it interesting https://www.geegeez.co.uk/money-without-work-5-bookmaker-concessions-each-way-betting/
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Surely the story here was that it was basically a non event to bet on (like a lot of these premier races) so Neville put a show up for the sake of it and if anyone was daft enough to have a bet good luck to them.
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so did I jimnast. maybe I'm missing something? I cannot see the Neville Porter prices people are referring to, but taking the SS prices from the top of the article as a worked example
(this is where I risk being shot down by half the forum) (sorry, forum will mess with the formatting): The Kemble Brewery 5/4 Tellherthename 7/4 Innatendue 5/1 Cannock Park 11/1 Tedley 25/1 Sea Invasion 40/1 Ticking Tom Bomb 50/1 Zeeband 50/1 one-fifth the odds on each (divide the fractional by 5 and add 1) is The Kemble Brewery 1.25 Tellherthename 1.35 Innatendue 2.0 Cannock Park 3.2 Tedley 6.0 Sea Invasion 9.0 Ticking Tom Bomb 11.0 Zeeband 11.0 the reciprocals of all those are 0.80 0.74 0.50 0.31 0.17 0.11 0.09 0.09 which sums to 2.81 for a 281% place book on a 3 TBP race? |
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Longbridge
The show is at the start of this thread |
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jimnast - thanks
then, on the same basis Win book Jonbon 1/4 Edwardstone 3/1 E du G 12/1 Nube Negra 13/1 Corresponding decimal place odds at 1/5th Jonbon 1.05 Edwardstone 1.60 E du G 3.40 Nube Negra 3.60 reciprocals as implied probabilities Jonbon 0.95 Edwardstone 0.63 E du G 0.29 Nube Negra 0.28 sums to 2.15 for a 215% place book |
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Thank you longbridge something learned for me today
There’s no point in getting older if your not going to get any wiser |
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Neville has done well since he used to own Spennymoor dog over 30 years ago.
Ronnie. |
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Hello ronnie hope your well
Back in 1989 John Stubbs did an article on him in the sporting life in the ringlets section,you would have thought the racing post could have done something like that but I suppose the online bookmakers are there paymasters so they are puppets to them. |
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Jimnast.
Not to bad thank you glad to say back at work this week.the bad news is I think I told you at York the mother in law has got allzimers and its getting worse Horrible but we will NOT put her in a home. We were actually down the hospital last night with her .very very hard on us but she is NOT GOING IN A HOME. |
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Oh dear ronnie sorry to hear that
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sad times ronnie
we were in same postion 6 months ago,home was a no,no but when you look after them at home like we did ,and theyve had enough ,dementia doesnt kill them,but they refuse food,water,etc, and eventualy body gives up,my mam lasted about 3 months but was blessed relief for all concerned when she passed about 4 months back good luck,hope it goes ok for you all horrible disease for all involved |
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jimnast - you're welcome
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ronnie - as ever, you are a gentlemen. sorry to hear your news, all the best with caring for your mother-in-law.
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Jimnast .
Thank you for your very kind words .re John Stubbs the days of the huddle only do 20 odd days a year know can I ask is the old sp reporter Jon Broadway still about an absolute gentleman used to look after me when I stayed over at Ayr. |
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Longridge.
Thank you for your very kind words we put the mother in law in rest bight over the last 2 years for 7 days HORRIBLE.as I said very hard but she is not going in a home. |
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1st TP
Just saw your post. Thank you. |