Joint favourites?

[Shaytin]

Can someone please tell me how they work out the return on a joint favourite, and if all bookies work it out the same way?

To make it clear, I back unamed favourites, and need to know what to expect in return. Had a bet yesterday, £15 on unamed fav, there were joint favs at 15/8, and my return was £6.56, does this sound right?

Thanks in advance.

[padman]

They will split the bet £7.50 on each. £21.56 is your return £14.06 + £7.50 stake.

Regards,

Paul

(Edited by padman at 7:47 am on Dec. 15, 2004)

[Shaytin]

Thanks Paul,

thats what I thought, as I’m sure thats what I’ve got when backing in a bookies. The bet I had on was online with Victor Swindler, never again. It said ‘joint/co fav deduction applied’, so I presume they treat joints the same as co’s. Can’t find any mention of it in their rules though.I was very disappointed with the return. Are all bookies different then? Can anyone let me know the good ones? And how are the co’s worked out?

Thanks again

Louise

[Shaytin]

oops, double post!

(Edited by Shaytin at 8:07 am on Dec. 15, 2004)

[Shaytin]

Now I see where they got £6.56 from, £21.56 minus my £15 stake, so they don’t pay any stake back?

[padman]

I use VC and they are good. Check your account as they will not of taken the £15 out for your stake. If you have a problem send them an email……….they do reply quickly.

Paul

[Shaytin]

Thanks Paul, will e-mail them about it.

[snowman]

Shaytin are you sure they have not simply paid you £6.56 profit? Some online bookmakers show your total stake out and then your total returns in, but others will show you on your statement the profit or loss only. VC are a reputable company and certainly do not treat joint/co favs any differently to the rest of the marketplace.

[Author]

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