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cobs101
22 Jun 24 19:36
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Date Joined: 04 Jun 07
| Topic/replies: 2,399 | Blogger: cobs101's blog
Can anyone help me out please? Had a couple of small bets on Beautiful Diamond in the 6.25 Lingfield.

£5 at 2.04 and £20 at 1.99.

Appreciating it was a dead heat my return was -£0.01. Can't except that I lose money (okay I know it's 1p). Betfair online Help useless, can't figure it out from their rules. Any help appreciated, just so I can let it go!!Cool
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Report cobs101 June 22, 2024 7:36 PM BST
^accept
Report TameTheTiger June 22, 2024 7:45 PM BST
£2.50 @ 2.04 wins £2.60. £10 @ 1.99 wins £9.90 total won = £12.50. Total lost £12.50 ( half of your stake is lost.) Settlement is correct
Report cobs101 June 22, 2024 7:51 PM BST
thanks TigerCool
Report De_man June 22, 2024 10:17 PM BST
Hard enough to find a winner ..never mind they half it when they do..they make enough the bookies should pay out 2 winners at full odds ..rip off merchents ..
Report Movewiththetimes June 22, 2024 11:34 PM BST
Wow 17 years, mind blowing!
Report timmy1 June 23, 2024 6:30 PM BST
Cobs 101 this is exactly what has happened to me. I cannot understand how you can back a winner, albeit a dead heat and lose! I was always led to believe at the bookmakers they would halve your stake and pay out on the winning odds ie £2 on a 2/1 gives you £3.
Report elisjohn June 23, 2024 6:48 PM BST
agree it is slightly confusing but is correct, and yes backing a winner and still losing out is daft , perhaps the rule should change a bit , but look atb me few years back , backed a winner on here, layed the 2nd , 30 mins later, winner thrown out , 2nd awarded the race,CryCryCry, it was a jessica harrington horse , it was a 3 year old in a 2 year old race, now that really is where a rule should change in favour of the punter, i backed the horse and hadnt a hope of winning
Report s.kenbo June 23, 2024 6:59 PM BST
You only lose if you’re backing odds on and it dead heats.
Report saxon farm June 23, 2024 7:13 PM BST
All in all, it’s elementary arithmetic.
Report longbridge June 24, 2024 9:34 AM BST
The DH rules have to work for layers as well as backers on here - unless you expect the layers to hand over more than they had staked to the backers?
Report The Knight June 24, 2024 10:40 AM BST
It is rather disconcerting that users on here do not understand DH rules on an EXCHANGE!!!
Report Clarky9 June 24, 2024 12:03 PM BST
A worrying thread. We have a serious care in the community issue here..
Report cobs101 June 24, 2024 2:48 PM BST
Movewiththetimes22, The Knight and Clarky9 go fk yourselves, cheers  Cool
Report longbridge June 26, 2024 11:44 AM BST
I think it's reasonably clearly laid out in the R&Rs?

https://www.betfair.com/en/aboutUs/Rules.and.Regulations/#dheat
Report De_man June 26, 2024 1:30 PM BST
Agree with cobs :)
Report cobs101 June 26, 2024 2:23 PM BST
Thanks Longbridge, agree it is clear. Unfortunately I was in a rush at the time and couldn't find the relevant rule so asked the question on here. TTT replied and that made perfect sense. Instead of that being the end of the thread a few maggots had to come on belittling me which I found rather pathetic. Cool
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