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Deduction of 13.2 % on 50 to my working out is 6.60 is it not ? But not according to them
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Similar bet on Sportsbook and no problem 10% for a non runner no problem, stake not affected...
That is how RFs work on here on Winner markets - Place markets are different - RF is applied to the price (which includes the stake) not on winnings.
Jun 1, 2025 -- 11:12AM, jerseyboy wrote:
Reckon they have taken it of my stake as well ???
Exactly right. Reduction factor applies on the whole return including your stake.
Been on here for 23 years and doesn't understand BF RF?
Better bait required
Better bait required
Exchange: How do reduction factors work on place markets?
There is a difference on how the reduction factors work on 'Place' markets compared to 'Win' markets.
Win markets reduction factors are calculated to 100% when adding up all runners. In a 'Place' market a single horse has less impact on your chance of winning and reduction factor totals can be well over 200%.
The main difference between the two markets is that in a 'Place' market the reduction factor is applied to the potential winnings on the bet only and not to the traded price.
Example:
- You matched a back bet in a place market on the horse 'Diamond Night' for £10 @ 8.0.
- Your potential winning would be £10 x (8.0 - 1) = £70
- A horse in the same race is now withdrawn with a reduction factor of 25%
Your potential winning would be now £70 x (100% - 25%) = £70 x 75 / 100 = £52.50
Therefore the reversed traded price would be 6.25.
(In a win market a 25% Reduction Factor would calculated a price of 6.0).
Other differences of 'Place' markets:
All reduction factors will be applied (2.5% or less included)
Only if the reduction factor for a withdrawn horse is 4.0% or greater, all unmatched lay bets will be cancelled.
There is a difference on how the reduction factors work on 'Place' markets compared to 'Win' markets.
Win markets reduction factors are calculated to 100% when adding up all runners. In a 'Place' market a single horse has less impact on your chance of winning and reduction factor totals can be well over 200%.
The main difference between the two markets is that in a 'Place' market the reduction factor is applied to the potential winnings on the bet only and not to the traded price.
Example:
- You matched a back bet in a place market on the horse 'Diamond Night' for £10 @ 8.0.
- Your potential winning would be £10 x (8.0 - 1) = £70
- A horse in the same race is now withdrawn with a reduction factor of 25%
Your potential winning would be now £70 x (100% - 25%) = £70 x 75 / 100 = £52.50
Therefore the reversed traded price would be 6.25.
(In a win market a 25% Reduction Factor would calculated a price of 6.0).
Other differences of 'Place' markets:
All reduction factors will be applied (2.5% or less included)
Only if the reduction factor for a withdrawn horse is 4.0% or greater, all unmatched lay bets will be cancelled.
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