The home of intelligent horse racing discussion
The home of intelligent horse racing discussion

Snow bet

Home Forums Lounge Snow bet

Viewing 12 posts - 18 through 29 (of 29 total)
  • Author
    Posts
  • #269301
    Avatar photoDrone
    Participant
    • Total Posts 6329

    Correct score 0-0 & No Goal Scorer – what I have done is place a double (two events happening) on one outcome – one part of the bet ‘directly contributes’ to the other and this is clearly a related contingence.

    In the case of placing a double on it snowing in Edinburgh and London on the same day where does one ‘directly contribute’ to the other to make the bet void?

    These are both related contingencies with the former simply being more ‘extreme’ than the latter in that it’s essentially the same bet worded differently. So Sean Graham’s rule to settle such bets accepted in error as two singles with stake divided is correct, if rather generous. Personally I’d void any such bet a punter tried to place and show him the door.

    The latter case is more open to personal interpretation but it remains obvious to me that snow in one part of the country ‘directly contributes’ to the chance of it occuring elsewhere at the same time/on the same day, which is I believe is what the Ladbrokes punter bet stipulated

    To re-iterate Are Zen’s example:

    7/1 Newcastle
    7/1 Gateshead
    7/1 South Shields
    7/1 Sunderland

    I’m offering 7/1, as they well know, not multiplied odds (4000/1)

    Snow in Newcastle offered at 7/1. It snows there. Is it still a 7/1 chance snow will fall across the river in Gateshead? Nope more like 1/7 or whatever It is absurd to believe the chance of it happening at all four places is 4096/1 i.e the full multiple Yankee.

    To use your KG & GC example – would there be a related contingence to make the bet void if I placed a double on a horse winning the Derby and the following years Cheltenham Gold Cup?

    No because the chance of it happening are infinitesimal, infact non-existent as 4yos can’t run in the GC :) so any ‘honourable’ bookmaker would also void this bet or refund stake if accepted in error as it ‘can’t be won’

    However, where the related parts of the bet are resolved at different times the bet will be settled as instructed, with the price for the second or subsequent legs being determined at each individual stage.

    Example: £10 Double, Henman to win Semi-Final @ 3.50 with Henman to win the tournament outright @ 3.00, is settled as a £10 Double, Henman to win Semi-Final @ 3.50 with the price for Henman to win outright being the odds on offer after winning the Semi-Final. In the event of Henman losing either the Semi-Final or Final, the bet is lost.

    This is essentially what I was rattling on about: the second part of a double cannot be accepted at the odds on offer before the first part won if deemed ‘related’ i.e it increases the chance of the second part winning.

    Anyway in addition to them being related, multiple bets such as snow on Christmas Day at different locations comprise an accumulation of simultaneous bets settled at the same time so a bookmaker is unlikely to knowingly lay such a bet at any odds greater than the single in one town as it can’t be hedged i.e liabilities don’t ‘run-up’ they go from zero to pay-pay in one step

    As may have become apparent by now I’m no fan of nor apologist for bookmakers but the ‘related contingency’ rules are correct and fair and, I have to say, bleedin’ obvious IMO

    #269304
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    There"s many a time i have had a £1 Goliath,only to realise that the maximum payout is £1 million and mine works out to be worth £30 million,so i drop it to a 10p Goliath instead! The bookmaker will still let you put it on though without telling you that you"re not getting the other £29 million!Should it win of course!

    #269387
    Avatar photogamble
    Participant
    • Total Posts 5724

    King Kong
    I would imagine the shop staff
    nervously refer to you as the goliath
    and as far as correcting you on your slip,
    they would rather save you the 200 odd sobs
    than have improper justice meted out on them
    at the hands of your other nickname
    the rib breaker :|

    #269513
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    King Kong
    I would imagine the shop staff
    nervously refer to you as the goliath
    and as far as correcting you on your slip,
    they would rather save you the 200 odd sobs
    than have improper justice meted out on them
    at the hands of your other nickname
    the rib breaker :|

    Gamble,we are both rib breakers,
    Your hilarity does the damage,
    through your bic pen! :|

    #269521
    Avatar photogamble
    Participant
    • Total Posts 5724

    Perhaps we should start a club :mrgreen:

    #269533
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    Perhaps we should start a club :mrgreen:

    You would have a proper club,
    I dont need a club,
    Your pen is mightier,
    than my sword,
    At least no one would steal,
    your work,
    and get away with it,
    It would be improper of me,
    to let them! :wink:

    #269540
    Avatar photogamble
    Participant
    • Total Posts 5724

    The ribcagecrackers

    but more preferred

    The ribtakers :mrgreen:

    My pen creates
    but a small shadow
    beside me
    as a life of action
    beckons to rage
    the sun full up
    to throw down shafts
    and swords of light
    for members to carry arms
    to beat the yellow
    that exposes the unfortunates’
    ribs as they yell.

    by

    A. Thug

    #269553
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    We are in the same,
    club,
    when confronted,
    by one,
    the yellow glows,
    yet the night is black,
    wants to play baseball,
    at 3 am,
    2ft of Maglite,
    breaks No rules,
    still a Gamble,

    by
    A,Gambler,

    #269558
    Avatar photogamble
    Participant
    • Total Posts 5724

    better than mine :?

    I took mine off the top of my head
    while it was still there :shock:

    #269577
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    My prose took me an hour Gamble,but the ink running through my quill was "Premier Cru",imagine if i"d been on the "Grand Cru"!!You are the man though!

    #269594
    Avatar photogamble
    Participant
    • Total Posts 5724

    I’ll take that kindly king

    when you are a king
    never do a thing
    dont even view a race
    save with timely grace

    Greville Starkey’s Lincoln win
    on Star of a Gunner was my last
    ante post race. Good luck to you
    and your large distant eyes
    mine are slitty and watch the clock

    #269601
    Avatar photoThe Ante-Post King
    Participant
    • Total Posts 8697

    I’ll take that kindly king

    when you are a king
    never do a thing
    dont even view a race
    save with timely grace

    Greville Starkey’s Lincoln win
    on Star of a Gunner was my last
    ante post race. Good luck to you
    and your large distant eyes
    mine are slitty and watch the clock

    When you are a Poet,
    you gotta know it,
    That Cataldi was,
    Starkeys Lincoln,
    Reid well,
    he is the Star!

Viewing 12 posts - 18 through 29 (of 29 total)
  • You must be logged in to reply to this topic.