Deadheat Interpretation on Hollywood (td)

Observe... Instead of 1 bet of R1000, imagine first that you did 2 separate bets of R500 on two horses both at 10/1

Horse 1 finishes 2nd and you lose the R500
Horse 2 wins and you receive (R500 x 10/1 which is) R5000 plus the stake of R500 (forget the tax) Returns R5500
Total win/loss R5500 - R500 = Profit R5000

Now with the same total of R1000 you only bet on one horse at 10/1 which finishes first in a dead-heat

Half stake is effectively on the second so you lose R500. That leaves you only R500 of the original amount .
Half stake on the first so you win (R500 x 10/1 which is) R5000 plus half the stake of R1000, in effect R500 (forget the tax) Returns R5500
Total win/loss R5500 - R500 = Profit R5000

I hope that helps explain. No-one is cheating you. The returns are exactly the same, you just need to imagine that you did the two separate horses and that should help clarify it. You actually get full winnings based on half the stake because that is all that remains after the loss.

Hibs nothing to do with the above mentioned thread. I did contact you for a contact person to deal with my problem. If I never phone them 7/8 times , two emails later eventually I was given an answer. A crappy one at that !! No harm done, I'm just not interested in shit service and dealing with amateurs. IMHO and experience.

This is a crap rule, I understand 1/2 the bet, but why 1/2 of your money,is makes no sense to me,your money is your money,you must get it back. We are always the losses in this game, for instance a horse running loose on the track ,everyone can see it will be scratched, but the horse shortens ,for what, how back's a horse running loose, only bookmakers do ha ha,and deductions on 16/1 and 20/1 as well,come on give us a chance please, the hole industry takes us for #£%#s.

Savasp,half your bet is gubbed

Its happened to me lots of times, but what I don't understand is why 1/2 my stake,why take that,just tex me but give me my money back

Because you lost savasp. You are thinking of your bet as a 100% winner, its a 50% winner, 50% loser and when you lose you lose your stake. Look at it this way then, if every race had ten horses and in every race they all dead-heated for first, using your argument you would be expecting the the bookies to pay everyone 10% of what they would have won plus return everyone's stake money in every race! Wouldn't be a bookie for long now would they?

Yes I understand, but how often is there dead heats, bookes never go out,only the punter sees his ass in this game,and with my form I would be very happy to get a dead heat, don't know what its like to win.

This is not hard to understand, just take a breath, spend 10 seconds on what has happened for 1000 years.

1. Say we betting on a 3 horse race, they all evenly matched so 2/1 each.

2. Each owner (3) bets R1000 on his horse, so the hold is R3000 total.

3. There is a deadbeat for 2 of them.

4. Each wins half the win and half the stake, so original single bet of 2000/1000 becomes two bets1000+500 each.

5. The 2 owners each get R1500 which is the entire R3000 on the table.

@Venodh:

'is the same as the Tote does when the halve the third payout'

The distinction that Observe is making is the PLACE bet not WIN. Place bet pool is divided 3 ways (in the case of 3 places); not ONE way.

Therefore, the place pool for a two horse deadheat should be divided by the number of tickets into 2/3rd of the pool?

That sounds logical?

@Englander
What happened is NOT what you explained
"Half stake on the first so you win (R500 x 10/1 which is) R5000 plus half the stake of R1000, in effect R500 (forget the tax) Returns R5500"

Since they do not only halve the stake BUT ALSO HALVE THE PAYOUT hence the R1000@10/1 does not become R500@10/1 like you stated BUT R500@5/1 which is unfair since it is now halve of halve hence my statement the either halve the stake OR halve the payout otherwise it is mathematically incorrect and unfair to the punter

@Englander:


'is unfair since it is now halve of halve hence my statement the either halve the stake OR halve the payout otherwise it is mathematically incorrect and unfair to the punter'

what is the position / ruling with your bookies (and other bookie jurisdictions) on such a situation?

umlilo Wrote:

---

> @Englander:
>
>
> 'is unfair since it is now halve of halve hence my
> statement the either halve the stake OR halve the
> payout otherwise it is mathematically incorrect
> and unfair to the punter'
>
> what is the position / ruling with your bookies
> (and other bookie jurisdictions) on such a
> situation?


It's not a ruling, it's arithmetic.

Normally the stakes of the loser is WHAT pays the winner.

When the winners double up, you only HAVE half the stake to pay back.

The arithmetic of half win/half stakes even works on the most simple bet like the toss of a coin.

If we bet R1000 on coin toss, and the coin landed standing on its edge... Half win half stakes says as both parties win, each gets R500 for winning, and each gets half the stake too, R500. The bet wasn't cancelled, dead heat rules applied and works.. Every time.