Just noticed MAX. You have RAHMAH as 2nd it dead heated for first, as per my above post. I suggest you write it as WON (DEAT HEAT) 3/1 Cheers, G Posted by StayOrGo
In Response to Re: Jackpot syndicate NAPs table for July : No problem, note for Phantom a 3/1 dead heat is effectively the same as an Even money winner. Cheers, G Posted by StayOrGo
In Response to Re: Jackpot syndicate NAPs table for July : Ok. But I am confused as to why it isnt 3/2? Posted by Phantom66
A mistake a lot of people make.
But you get back HALF the TOTAL RETURN not HALF the ODDS.
Example, a kindly bookmaker offers you even money each horse in a two horse race and they dead heat.
You have had £1 on each (although why would you do that is a good question, but for the sake of this example a £1 on each is what it is.
If they dead heat and you get half the ODDS that means that each would be 1/2 and you'd get back £1.50 for each, hardly fair to our kindly bookmaker.
Half the TOTAL return means you get back £1 for each as you should.
So if you back an odds-on shot and it only dead heats, you rightly lose money.
Another way of looking at it, is that it's as if the full odds were paid but to half the stake. It works out the same, half it before or half it after, whichever you prefer. :=)
Comments
Cheers,
G
Regarding the dead heat the winnings is halved.
So return for Rahmah is £2.00 (£1 profit) and for Ya Jammeel is £1.44 (44p profit)
Cheers,
G
I suggest you write it as WON (DEAT HEAT) 3/1
Cheers,
G
Cheers,
G
1) JORDZ16
8.40: MONTEAMIATA - LOST
3) MICKYBLUE:
4) MISTY4ME:
8.10: KING CALYPSO - 2ND
But you get back HALF the TOTAL RETURN not HALF the ODDS.
Example, a kindly bookmaker offers you even money each horse in a two horse race and they dead heat.
You have had £1 on each (although why would you do that is a good question, but for the sake of this example a £1 on each is what it is.
If they dead heat and you get half the ODDS that means that each would be 1/2 and you'd get back £1.50 for each, hardly fair to our kindly bookmaker.
Half the TOTAL return means you get back £1 for each as you should.
So if you back an odds-on shot and it only dead heats, you rightly lose money.
Another way of looking at it, is that it's as if the full odds were paid but to half the stake. It works out the same, half it before or half it after, whichever you prefer. :=)
Hope this explains.
G