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I see yesterday’s SP for Here’s The Key was returned at 13/5 (3.60).
If we are going to start mucking about with funny numbers we might as well go decimal surely?
I couldn’t agree more. What a complete waste of time. Everyone uses Betfair now so digital prices are the norm for most people. This is the full list of ‘new’ prices:
7-5 (rule 4 deduction of 40p), 8-5 (35p), 9-5 (30p), 11-5 (30p), 12-5 (25p), 13-5 (25p), 14-5 (25p), 16-5 (20p), 17-5 (20p), 18-5 (20p), 19-5 (20p).
7-5 (rule 4 deduction of 40p), 8-5 (35p), 9-5 (30p), 11-5 (30p), 12-5 (25p), 13-5 (25p), 14-5 (25p), 16-5 (20p), 17-5 (20p), 18-5 (20p), 19-5 (20p).
Is this another RFC wheeze?
And does it mean a wave goodbye to 11/8 13/8 7/4 etc?
semi/hemi decimals
"Tuffers" wrote: Everyone uses Betfair now
I’m afraid this is not true. I personally would hate to see the introduction of decimal odds, and I’m not an old traditionalist either, only a 19 year old chap!
To be honest I don’t see the need to meddle with the system which currently exists? Is there a reason?
Although, I’m sure if the whole thing went decimal started say from a certain date, with no clamming around trying to gradually introduce it, everyone would get used to it quickly enough.
I was in the ring at a midweek Cheltenham meeting about twenty years ago when a back line bookie put up a horse I wanted to back at 75/20 (it was 7/2 on every other board).
From somewhere behind me I heard Dodger McCartney call out to the bookie – ‘an even pony you can’t get anyone to bet at that price’.
I walked forward and asked for 300/80, got my bet, and collected a tenner discount from the bookie when Dodger paid out with good grace.
The bookie was less impressed when the horse won.
I wouldn’t swear to this, but I think the horse was Mr Moonraker, and the bookie was a Brummie called Graham Green.
It didn’t catch on then ……
AP
It caught on with you Mr P!
The move to decimal odds is just a matter of time surely? We’ll look back and wonder why it took so long.
Most people use Betfair?
Not when they’re stood in the middle of a racecourse betting ring they don’t (unless they’re good at covert iPhone operation).
If they want to bring decimal odds in, I’d have no problem with it but I can see myself being stood with a bewildered look trying to work out the price in ‘real money’ like an American trying to work out Centigrade.
These new odds do seem a bit pointless mind.
Recall having seen 75/20 – or its equivalent 15/4 – chalked up too, though don’t recall having ever taken it
The oddest odd in general usage must surely be 85/40
Its equivalent 17/8 would seem more logical – 7/4 15/8 2/1 17/8 9/4
The */5 odds have of course been around for a long time in sports betting
I was in the ring at a midweek Cheltenham meeting about twenty years ago when a back line bookie put up a horse I wanted to back at 75/20 (it was 7/2 on every other board).
The bookie was less impressed when the horse won.
I wouldn’t swear to this, but I think the horse was Mr Moonraker, and the bookie was a Brummie called Graham Green.
Try 25yrs ago AP,
Mr Moonraker
was one of those who thrived in heavy ground and as you say he did win at a midweek Cheltenham meeting at 7/2! Les Kennard trained him Brendan Powell rode him and i"ll push my luck by saying he ran in colours that were blue body and red sleeves!
I see yesterday’s SP for Here’s The Key was returned at 13/5 (3.60).
If we are going to start mucking about with funny numbers we might as well go decimal surely?
Just a further progression toward the Americanization of the game IMO
TAPK,
That’s one of the depressing parts of getting old – the years of your past all merge together.
You’re right about the colours, but the other way round – I’ve got a David Dent oil of him, Desert Orchid and West Tip going to the start for the Jim Ford at Wincanton. Shows him in red, blue sleeves and gold cap. The other names in that picture should have told me that it was more than 20 years ago.
AP
TAPK,
That’s one of the depressing parts of getting old – the years of your past all merge together.
You’re right about the colours, but the other way round – I’ve got a David Dent oil of him, Desert Orchid and West Tip going to the start for the Jim Ford at Wincanton. Shows him in red, blue sleeves and gold cap. The other names in that picture should have told me that it was more than 20 years ago.
AP
Bloody Hell AP i deserve the point for the colours!
I have a vivid memory ofMr Moonraker
laying it down to the mighty
Very Promising
one day at Ascot,he was about 10/1 and Very Promising was the 5/4fav and unbeaten,he ran him all the way to the line and would have won in another stride.I was gutted!
7-5 (rule 4 deduction of 40p), 8-5 (35p), 9-5 (30p), 11-5 (30p), 12-5 (25p), 13-5 (25p), 14-5 (25p), 16-5 (20p), 17-5 (20p), 18-5 (20p), 19-5 (20p).
And does it mean a wave goodbye to 11/8 13/8 7/4 etc?
I think I’ve understood that they’re additional rather than replacement SPs.
Adoption is the first step to acceptance, so let’s see how long it takes any of us to slip any of them into a tissue hereafter, and how naturally or not…
gc
Jeremy Grayson. Son of immigrant. Adoptive father of two. Metadata librarian. Freelance point-to-point / horse racing writer, analyst and commentator wonk. Loves music, buses, cats, the BBC Micro, ale. Advocate of CBT, PACE and therapeutic parenting. Aspergers.
Of course there is nothing in the above that will even attract one more punter to UK racing.
Unlike in Australia, which does not suffer from RFC, where it is actually providing a change that punters actually want and will attract them to betting more. Losing betters earn more rebate than the winning ones and do not go home skint, vowing never again.
The Discount Bet
Readbet have announced
"Along with traditional Fixed Odds and SuperTote+ (better than 3 TAB’s),
Readbet have launched a "revolutionary" new product to Australian wagering,
Discount Bet. In Asia discount betting is the norm players demand competitive rebate deals for all bets placed, whether it’s racing, sports or casino play, all bets have a rebate attached. No rebate (or no sectionals or no horse body weights), no bet, it’s as
simple as that.It’s going to be an education process in Australia but players will soon understand that receiving a 10% rebate on all bets, is better, much better than what the big UK owned bookies offer to us now here in Australia, you do
the stats on your own betting, we think Discount Bet is the best deal for punters.With Discount Bet players receive: better odds than the STAB plus a 10% rebate on all bets, so you are guaranteed of a return, regardless of the outcome (win or lose)
Example: $100 Discount Bet at declared odds of 4.25, with a 10% rebate (discount), the following applies:
For a Winning bet:
We pay you $425!
(Profit = Stake of $100 x Odds of 4.25 = $425 less the cost of the bet of
$100 = $325.)For a Losing bet:
We pay you $10!
(Rebate (discount) = Stake of $100 x 10% = $10)"I think I’ve understood that they’re additional rather than replacement SPs.
Adoption is the first step to acceptance, so let’s see how long it takes any of us to slip any of them into a tissue hereafter, and how naturally or not…
‘It’s being backed, all the 17/5 has gone and its now 100/30…get on quick before it goes 16/5 or even 3/1’
Yep, these additional odds wil certainly help the novice punter
All my tissues nowadays are to Exchange Decimals too, so all this clutter doesn’t affect me. But having been at it for getting on forty years I’m fortunate enough to understand odds, fractions and percentages. It was a learning curve of course, and these new odds just make the curve steeper
And should I decide to bet during one of my increasingly rare visits to a course, these gatecrashers seated between old familiar friends will render the job just that little bit more difficult
Actually 100/30 will probably be shown the door and 16/5 invited to take his place…next to 7/2
I see yesterday’s SP for Here’s The Key was returned at 13/5 (3.60).
If we are going to start mucking about with funny numbers we might as well go decimal surely?
Just a further progression toward the Americanization of the game IMO
American racing does not use decimal odds. The fractions are much simpler (13/5 would be rounded to 3/1, 11/8 would be 5/4, 85/40 or 17/8 would be 2/1, 17/5 would be 7/2), but they are always shown as such on the morning line, racecards, tote board, etc. The
payouts
are decimals to the nearest 10 cents. If that makes any sense.
Does this mean odds below 3/1 are recorded at quarter-point increments i.e 1/1 5/4 6/4 7/4 2/1 9/4 5/2 11/4 3/1?
But payouts are in tenth-point (decimal) increments i.e 2.0 2.1 2.2 2.3 2.4…?
Our quaint traditional odds are intended to keep the increments within 2%, but there are relatively large jumps in places: 1/1 is 50% and 11/10 47.62%; 2/1 33.33% and 9/4 30.77; 3/1 25% and 7/2 22.22% . Hence the strange 21/20 (rarely seen) 85/40 and 100/30 ‘necessary’ to bridge these near 3% gaps
Gingertipster is my God
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