Betfair Question

Falchoon

Brownlow Medallist
Joined
Feb 15, 2002
Posts
28,167
Likes
7,715
Location
Jackson-Steinem
AFL Club
St Kilda
Other Teams
Bluestar Airlines, Anacott Steel
Thread starter #1
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.
 

(Log in to remove this ad.)

dUkezz

Premiership Player
Joined
Feb 17, 2009
Posts
4,597
Likes
627
Location
epping
AFL Club
North Melbourne
Other Teams
golden state warriors
#2
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
 
Joined
Feb 21, 2009
Posts
2,756
Likes
1
Location
Australia
AFL Club
Gold Coast
Other Teams
Glory Lakers ManC Patriots WCE Freo
#3
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.
 
Joined
Apr 27, 2008
Posts
1,854
Likes
105
Location
Sydney
AFL Club
Sydney
Other Teams
Wests Tigers, Everton
#4
do you have to bet in full dollar amounts over at betfair. ie. can you put $12.50 on something if you wanted to???
 

Daytripper

Brownlow Medallist
Joined
Oct 9, 2003
Posts
15,677
Likes
767
Location
Reebok Stadium
AFL Club
Essendon
Other Teams
Bolton,Clippers,Falcons,Mariners
#6
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

Senior List
Joined
Oct 21, 2003
Posts
270
Likes
2
Location
Adelaide
Other Teams
Centrals, Villa, Rangers
#7
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!
 
Top Bottom