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Backed Teraab against Chancerey in match bet for £5. Dead heat and credited 0.25p. I assume similarly, if not less, will apply to Chancerey. For backing a winner both parties are penalised and in effect Betfair have cleaned up as if both horses were losers. This needs addressing to bring some credibility to the site. I also assume punters who backed both horses in the win market will be also punished. Rant over but Betfair please do something about it as this would not happen in a high street bookmakers.
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Stakes have always been halved when there is a dead heat.
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Yes in the bookmaker’s was always my understanding they would be halved, however if you read my post they have paid me 5% ie 0.25p not 50%.
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Neither of them beat the other - surely everybody loses?
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Don’t understand last post but never mind, the overriding principle in all markets when there is a dead heat Betfair scoop the pool and treat’the winners’ as lays.
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credibility rode out of town years ago Timothy, is what it is ...
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This has to be a wind up
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musht bee shum mishtake shirley
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Yes obv a mistake, they quite often settle match bets wrongly.
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No wind up too busy to get into that rubbish. Strangely,, there's been a few dead heats lately, so other people will have experienced the same as me. Anyway, we move on and good luck to all on here.
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@timmy1
"the overriding principle in all markets when there is a dead heat Betfair scoop the pool and treat the winners’ as lays." That's not how it works - see R&R 8. Basically half your £5 has been treated as losing, half as winning. So you have lost £2.50, had £2.50 back as return of stake on the winning half and overall won a few pennies - if that was 25p I assume you backed at 2.1? "in effect Betfair have cleaned up as if both horses were losers." They really haven't. The numbers still work out (other than commission) net between backers and layers. If anything, BF do worse in these situations as less money changes hands (in your case 25p rather £5.50 if you had won or £5 if you had lost) so they have smaller winnings to charge commission on. |