December 13, 2011 at 07:29 #20488fivelongdaysParticipant
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Anyone know when the whole No Runner no Bet thing for Cheltenham is likely to kick in? I seem to remember that Ladbrokes had it around this time last year, but I can’t quite remember!
Any help gratefully received.
So don't run, just like the others always doDecember 13, 2011 at 08:14 #382435Irish StampMember
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Ladbrokes did it on the Championship races (Gold Cup, Champion Hurdle, Champion Chase and World Hurdle) from November last year.
The firms normally go NRNB at the start of March.
MartinDecember 13, 2011 at 15:50 #382502
I know Ladbrokes are doing it on the World Hurdle so you can take 4/5 if you think Big Bucks only has to turn up.January 4, 2012 at 17:46 #385570
Ladbroke certainly are NRNB for the big 4 races. However, I believe (but am not certain) that they can apply rule 4 at their discretion. This makes it less of a good deal than might appear. e.g. if you back Zarkander with them and Hurricane Fly (quoted at 2-1) doesn’t turn up you will be hit by a big rule 4 deduction.
On the other hand I think 2-1 NRNB is a better deal on HF than 5-2 antepost.
It’s a bit murky though as rule 4 is designed for races where the entered runners are committed and no fresh entries are allowed. The special NRNB rule 4 can only work against you in these Cheltenham races whereas one might argue that if a new horse enters the race at low odds you should get a reverse rule 4 ie enhanced odds to compensate.January 4, 2012 at 17:50 #385571cormack15Keymaster
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‘rule 4 at their discretion’
That sounds murky enough in itself.January 4, 2012 at 19:14 #385586
Not sure where you have got this idea from – the point of ante-post prices is you might be getting a bigger price than SP and Rule 4 does NOT apply.January 4, 2012 at 20:26 #385598
I got the idea from a Ladbrokes shop when I went in to bet on the Gold Cup. It said on the screen NRNB rule 4 may apply. I queried it with the man in the shop and he said it did apply.
1. it doesn’t say that on the website (but it doesn’t say antepost rules either)
2. I am not sure if the man in the shop knew what he was talking about.
So some doubt in my mind, but I am assuming the worst case scenario.January 4, 2012 at 21:11 #385601Eclipse FirstMember
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I suspect the screen that said Rule 4 may apply is a default screen for NRNB markets. Rule 4 cannot apply to ante-post bets as the rule 4 deductions can only be applied once a horse is declared to run (48 hours in these cases). the NRNB is a concession by Ladbrokes in their ante-post market. I’m sure an email to their customer support would confirm this.January 7, 2012 at 16:03 #385928
My email to Ladbrokes has confirmed they will make rule 4 deductions on their NRNB Cheltenham markets. You have been warned.January 7, 2012 at 16:05 #385930
I still don’t believe it.January 7, 2012 at 16:11 #385931
It does seem rather odd but not totally unreasonable. Are there precedents from last year?January 7, 2012 at 16:49 #385936Eclipse FirstMember
- Total Posts 1569
Its not really an ante-post bet then is it. Whatever it is Ladbrokes should call it something else. Personally I always thought the point of backing ante-post was to search out value in comparison to day of event prices and you accepted that sometimes your fancy never got to post.January 7, 2012 at 17:24 #385940
My email to Ladbrokes has confirmed they will make rule 4 deductions on their NRNB Cheltenham markets. You have been warned.
That has to be the biggest joke of the year Kasp! If you backed
now at 12/1 and Long Run,Kauto Star and Grand Crus dont turn up,their rule 4 deductions would leave you being paid out at 2/1.That is not Ante-Post betting.My understanding was typical Ladbrokes,they offer this NRNB but go shortest on all prices available compared to other firms.January 7, 2012 at 17:42 #385944
with Ladbrokes at 12/1 NRNB and they assure me if nothing else turns up i will get paid at 12/1 Kasp! Panic over!January 7, 2012 at 17:56 #385945
This is my email from Ladbroke (after I had asked them to double check the rule and give an example)
"Thank you for your e-mail regarding your bet.
I can confirm that if Big Bucks is withdrawn from there race an appropiate Rule 4 deduction will be applied to any bets placed in the Non Runner No Bet market."
Fairly clear I would say. Maybe they don’t like me.January 7, 2012 at 21:22 #385972
Kasp,I thought it might be just the ‘World Hurdle’ that had the Rule 4 proviso due to
being an Odds-on fav so i spoke to them again tonight and guess what i have been told this time……..
LADBROKES will apply a Rule 4 to ALL Cheltenham NRNB wagers
thats after being re-assured that my
bet would be paid at 12/1 if he was the only horse to turn up. Ladbrokes really are a law unto themselves.The only benefit of this bet is if your horse doesn’t run you get your money back but its certainly not an Ante-Post wager by any means!January 7, 2012 at 21:29 #385974
Little confused here. I suspect many punters like myself have taken 4/5 Big Bucks and expect to get paid at that price. Someone needs to drag out the Ladbrokes mouthpiece and get him to explain the smallprint in front of a camera.
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