Betfair Question

[Falchoon]

I had money on the Demons to beat the Pies today @ $6.00.

My profit on a draw came back at $3.00, yet my selection didn't win.

Is this normal? I would have expected my stake back.

 

[dUkezz]

H2h markets where the draw is not an option will get your selection halved... If you had collingwood @ 1.20 then you get back .60 cents every dollar u put on

 

[Subaru Impreza]

yes if its a draw, then dead heat rules apply (ive seen dead heat rules apply for 3 way events before for horse racing in that case it would multiply by 1/3)

From what I gather if you had placed a bet of 1000 at odds of 3.00 your position would be +2000/-1000 (profit/loss) , you would get half profit 1000 and half of your stake back 500.($1500 back)

However if you placed a bet on say 1000 on the Pies at 1.20
+200/-1000, you would get half profit 100 and half of your stake back 500 (600 back)

And thirdly if you were in a +/+ situation in that game +500/+300 , you would get half of each side (250 + 150= 400 bucks back)

Hope this makes it easier but dukezz is right as well , a tie between 2 runners x 0.50, a tie between 3 runners x 1/3, a tie between 4 runners x 0.25.

Hence if you backed collingwood today at odds < $2.00, you would get less of a return than your initial stake. If you backed Melbourne today at odds > $2.00, you would get a slightly bigger return.

 

[GoodesStuff]

do you have to bet in full dollar amounts over at betfair. ie. can you put $12.50 on something if you wanted to???

 

[Subaru Impreza]

do you have to bet in full dollar amounts over at betfair. ie. can you put $12.50 on something if you wanted to???

Minimum bet is $5.00 but yeah you can enter in decimal amounts like $5.50, $7.49 etc

 

[Daytripper]

Simple rule for deads heats or draws where there is no draw option is that your payout id half the face value of your ticket.

ie, if you have $100 @ $3.00 the ticket is worth $300. If its a draw then its worth $150.
And if you have $100 @ $1.20, the ticket is worth $120. A draw would make it worth $60.

 

[cam]

Real world example:

On Betfair, I backed Collingwood to win - $100 @ $1.23

I copped a loss of $38.50. $61.50 was returned to my account. Must admit, it took me a while to work out what happened!