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Went into one of the largest bookie chain shops to collect an each way bet on Dustin Johnson this morning . Each way , 20/1 , 1/4 odds , places 1-6 , ( on all their coupons and advertising blurbs leading up to the Masters) . Bet on Tuesday , pre tournament , so no quibble re in running etc .
So my £1 each way at 20/1 would return £6 I knew ( not a pound bet , but for purposes of illustration . Shop put it into their "system" , it came up at £4 . I knew immediately what was happeneing , they were paying out places 1-5 only , which would have reduced the £6 to 2/3 only payout ie £4 . Dead heat 4th their system said .
I asked 2 questions , "was Johnson in the first 6 ?" , "was it a quarter odds the first 6 ?" . The answer to both questions being Yes , you would have thought that even a brain dead office manager would have seen the logic and paid out the £6 .
Not on your nelly , argued that the system was correct , and accused me of being cheeky ( or worse) , and adding that they were not paid enough to take abuse . Incompetent people have little place in my world , particularly if they are supposed to know their own rules . The same staff , in the same shop , berated their own customer service during Cheltenham .
The "system" has obviously settled wrongly ( I went to another shop with a competent office manager and got paid the proper amount eventually , but not immediately via the system). This was not a tuppenny halfpenny event , it is one of the biggest betting events of the golfing year .
Question is , how often do situations like this occur , and where does responsibility for incorrect payouts lie ? What would BOLA say ? Have they managed to underpay other customers on Casey , Holmes and Johnson ?
So my £1 each way at 20/1 would return £6 I knew ( not a pound bet , but for purposes of illustration . Shop put it into their "system" , it came up at £4 . I knew immediately what was happeneing , they were paying out places 1-5 only , which would have reduced the £6 to 2/3 only payout ie £4 . Dead heat 4th their system said .
I asked 2 questions , "was Johnson in the first 6 ?" , "was it a quarter odds the first 6 ?" . The answer to both questions being Yes , you would have thought that even a brain dead office manager would have seen the logic and paid out the £6 .
Not on your nelly , argued that the system was correct , and accused me of being cheeky ( or worse) , and adding that they were not paid enough to take abuse . Incompetent people have little place in my world , particularly if they are supposed to know their own rules . The same staff , in the same shop , berated their own customer service during Cheltenham .
The "system" has obviously settled wrongly ( I went to another shop with a competent office manager and got paid the proper amount eventually , but not immediately via the system). This was not a tuppenny halfpenny event , it is one of the biggest betting events of the golfing year .
Question is , how often do situations like this occur , and where does responsibility for incorrect payouts lie ? What would BOLA say ? Have they managed to underpay other customers on Casey , Holmes and Johnson ?
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You put up 5 selections pre event, and then told us your main bet was Bubba. Amazingly you are on Johnson when its all over.
A truly remarkable man, what a strike rate you have Kelly, its no wonder they are running scared.
A truly remarkable man, what a strike rate you have Kelly, its no wonder they are running scared.
Mincer , I had about 40 individual bets on the Masters , all to trade . Johnson was only one of about 20 players where the place odds available in the bookies were better than on here . Thats the only reason for doing the bets , Johnson was 22 to lay on here , so I took a loss on the win market potentially in return for guaranteed profit on the place markets . You only have to be decent at sums to turn advantage into profit .
At the end of the day , the only criteria I apply is "did you win , and did you enjoy the exercise " , if the answer to both is yes , you keep trucking .
At the end of the day , the only criteria I apply is "did you win , and did you enjoy the exercise " , if the answer to both is yes , you keep trucking .
My main bet mincer was not Bubba , he might have been my initial fancy to win . I had 40 times more money on Day at 8/1 ( each way , 1-6 ) than I had on Bubba with T*tesport at 14/1 . So stop trying to invent ways to slag people .
You are telling so many porkies Kelly, you cannot even remember them. Early in the masters golf thread you clearly state that Bubba was your main fancy.
You are a complete and utter bullshiiter and a nauseating after timer to go with it.
You are a complete and utter bullshiiter and a nauseating after timer to go with it.
mincie im sure neither kelly or anyone else gives two fcuks what you think tbh.
i find kelly a very intresting contributer and never seen him insult anyone.?
you dont have any intelligence mincie you seething bag of sh1te!
I think it is a reasonable thread.
Many once a year punters will go to the bookies, get paid their US Masters place money (underpaid), and leave.
This might be a management decision, not a mistake.
Many once a year punters will go to the bookies, get paid their US Masters place money (underpaid), and leave.
This might be a management decision, not a mistake.
The only reason for the thread is Kelly wishing to show us yet again what a clever fella he is.
He backed Dustin Johnson ew , yet his main fancy Bubba, was only a trade.
Kelly is some man after the event, but not quite as good pre race.
He backed Dustin Johnson ew , yet his main fancy Bubba, was only a trade.
Kelly is some man after the event, but not quite as good pre race.
mincie just about anything would be preferable than to be a seething mess like yourself with nothing better to do than spend all day on here waiting for an opportunity to be unpleasant to someone.
I just wish I could buy shares in The Irish Soros He's the best I've ever seen. A remarkable feel for the game.
insideinfo like a salivating mess making a fool of himself again
Mincer , you are to use del boys words "* ***** *******".
Everyone knows ( maybe except you ) that I dont run a tipping line , Bubba was my main fancy , but i only back to trade normally, and I couldn't get a bet on Bubba at 14/1 except for a small amount on with t*tesport . That does not invalidate that as stated he was the one I fancied to win the event ( for the 3rd time , horses for courses etc ).
I backed 21 players for the event in total , Bubba was among the least for money , as I couldn't get on . I was able to get on Day substantially late on Thursday morning when a couple of the bookies pushed out his price to 8/1 ( he was 7/1 to lay on here , and 6/4 a place to lay 1-6 ( versus 2/1 ) . Some of you guys dont seem to know that there is profit around , without risk , its been there from time immemorial , ask the bookies now on track laying at 2/1 and backing back at 5/2 on the exchanges , any time I go racing I see them at it . Most of the money I made on the event came from the place market , the arb profit on Day offset the potential losses on other players whom I backed (each way mainly ) despite they being bigger prices to lay on here . Potential loss on one market offset against bigger profit on another . Not rocket science .
Its only arithmetic , some can do it , some cant ( be bothered) .
Everyone knows ( maybe except you ) that I dont run a tipping line , Bubba was my main fancy , but i only back to trade normally, and I couldn't get a bet on Bubba at 14/1 except for a small amount on with t*tesport . That does not invalidate that as stated he was the one I fancied to win the event ( for the 3rd time , horses for courses etc ).
I backed 21 players for the event in total , Bubba was among the least for money , as I couldn't get on . I was able to get on Day substantially late on Thursday morning when a couple of the bookies pushed out his price to 8/1 ( he was 7/1 to lay on here , and 6/4 a place to lay 1-6 ( versus 2/1 ) . Some of you guys dont seem to know that there is profit around , without risk , its been there from time immemorial , ask the bookies now on track laying at 2/1 and backing back at 5/2 on the exchanges , any time I go racing I see them at it . Most of the money I made on the event came from the place market , the arb profit on Day offset the potential losses on other players whom I backed (each way mainly ) despite they being bigger prices to lay on here . Potential loss on one market offset against bigger profit on another . Not rocket science .
Its only arithmetic , some can do it , some cant ( be bothered) .
Some of you guys dont seem to know that there is profit around , without risk , its been there from time immemorial ,
Walk us through this trading/arbing milarkey, one more time, George. I just can't get my head around it. Can the ordinary mortal have a go, or do you need to be a maths whizz?
Walk us through this trading/arbing milarkey, one more time, George. I just can't get my head around it. Can the ordinary mortal have a go, or do you need to be a maths whizz?
If you believe you have received less than you should have for your golf bet it’s probably because of one of the following:
1. Dead Heat Rules
A dead heat in betting is when two or more participants tie for a position in an event. This will only affect bets placed on golfers who ‘place’, as the winner will be decided by a playoff if necessary.
The calculation is as follows:
Your original stake is divided by the number of competitors involved in the dead heat and multiplied by the number of places available
Depending on what you placed your bet and our e/w offering at the time, will depend on how your bet is affected.
If you placed an each-way bet after the 29th March and prior to the Masters starting, your bet was considered a 'place' if your player finished in the top 7. Here is the final leaderboard:
Pos Name
1 Danny Willet
T2 Jordan Spieth
T2 Lee Westwood
T4 Paul Casey
T4 JB Holmes
T4 Dustin Johnson
T7 Matthew Fitzpatrick (DEAD HEAT)
T7 Soren Kjeldsen (DEAD HEAT)
T7 Hidki Matsuyama (DEAD HEAT)
Because there are three players tied for 7th place – meaning nine players in total could be considered as having finished in the top 6 – dead heat rules were applied.
If your player came 7th, then the win part of your each-way bet is a loser.
The remaining place part of your bet is calculated at a fraction of the original odds (generally 1/5 of the odds pre-tournament).
So, if you stuck 10 euro each-way on H Matsuyama (33/1 pre-tournament) your bet would be settled as follows:
€/£10 divided by 3 (number of DH competitors) = €/£3.33
€/£3.33 multiplied by 1 (number of places available) = €/£3.33
Odds of 33/1 divided by 5 = 6.6/1
TOTAL WINNINGS: €/£3.33 x 7.6 = €/£25.31
2. Change in E/W Place terms
The settlement of your bet will be affected by what the place terms were when you placed the bet.
As a golf tournament goes on, the number of places being paid out will change.
Bets Placed before the pre 29th of March were paid at ¼ the odds 5 places
Bets paced after 29th of March until the start of the tournament were paid at 1/5 the odds 7 places
1. Dead Heat Rules
A dead heat in betting is when two or more participants tie for a position in an event. This will only affect bets placed on golfers who ‘place’, as the winner will be decided by a playoff if necessary.
The calculation is as follows:
Your original stake is divided by the number of competitors involved in the dead heat and multiplied by the number of places available
Depending on what you placed your bet and our e/w offering at the time, will depend on how your bet is affected.
If you placed an each-way bet after the 29th March and prior to the Masters starting, your bet was considered a 'place' if your player finished in the top 7. Here is the final leaderboard:
Pos Name
1 Danny Willet
T2 Jordan Spieth
T2 Lee Westwood
T4 Paul Casey
T4 JB Holmes
T4 Dustin Johnson
T7 Matthew Fitzpatrick (DEAD HEAT)
T7 Soren Kjeldsen (DEAD HEAT)
T7 Hidki Matsuyama (DEAD HEAT)
Because there are three players tied for 7th place – meaning nine players in total could be considered as having finished in the top 6 – dead heat rules were applied.
If your player came 7th, then the win part of your each-way bet is a loser.
The remaining place part of your bet is calculated at a fraction of the original odds (generally 1/5 of the odds pre-tournament).
So, if you stuck 10 euro each-way on H Matsuyama (33/1 pre-tournament) your bet would be settled as follows:
€/£10 divided by 3 (number of DH competitors) = €/£3.33
€/£3.33 multiplied by 1 (number of places available) = €/£3.33
Odds of 33/1 divided by 5 = 6.6/1
TOTAL WINNINGS: €/£3.33 x 7.6 = €/£25.31
2. Change in E/W Place terms
The settlement of your bet will be affected by what the place terms were when you placed the bet.
As a golf tournament goes on, the number of places being paid out will change.
Bets Placed before the pre 29th of March were paid at ¼ the odds 5 places
Bets paced after 29th of March until the start of the tournament were paid at 1/5 the odds 7 places
I feel like I am sitting at the feet of one of the all time Greats waiting for a crumb of advice to fall from his table;
Ozy , any semi intelligent person who can count can figure it out . If that is still beyond your ken , just keep sniping but give up punting except for the thrill .
ozy doesnt get out much,apparently hes some sort of housebound disabled fella,sitting at home seething all day. (thats what ive been told)
Don't forget the fact I am also gay, Muslim and Jew hating!
2 points here.....Kelly, I'm assuming your bet was with ladies. I would say what may have happened here is, as they were the first 5 in England, their whole system settled as the first 5. Some brainy chap in charge of all technology in Ireland, didn't feed in the first 6?
one last chance states "Because there are three players tied for 7th place - meaning nine players in total could be considered as having finished in the top 6". Really? The top 6 places have already been filled with no need for dead heat application, once you were on each way 1st 6. How can you consider the 3 players who tied for 7th place, "as having finished in the top 6"?
one last chance states "Because there are three players tied for 7th place - meaning nine players in total could be considered as having finished in the top 6". Really? The top 6 places have already been filled with no need for dead heat application, once you were on each way 1st 6. How can you consider the 3 players who tied for 7th place, "as having finished in the top 6"?
I state feck all slick just a c&p job btw how's the aul tipping comning along did u even get a winner in it embarrassing stuff all together ud be better off climbing under a rock for a while after the slating u give o heir
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