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But at the start of the race when the bet took effect, you could win. Bookies could have refunded all losing placed stakes but this would be through their own generosity…..don’t be so stupid Homer
I always thought there was a rule something like ‘If you can’t win you can’t lose’ and money refunded, so if a second place isn’t declared you can’t win ??
No, because at the time of striking the bet you can win. The horses in this case have failed to complete the course, so he bets are quite properly losers.
Mike
I always thought there was a rule something like ‘If you can’t win you can’t lose’ and money refunded, so if a second place isn’t declared you can’t win ??
I don’t think that you are that wrong. First of all when you bet with the Tote, they have to pay out a certain amount of money. Like 100 pounds for every 130 pound placed. So in that case what will the Tote do? Payout just one place and refund all the remaining stakes or just pay out for the only placed horse and keep the rest?
The second thing is, if you can’t bet on an event that can’t occur, the you shouldn’t be able to lose, if the impossible occurs.
How can the impossible occur
Well, you can’t bet on it… That’s what I was trying to say. You know what I mean
But when I placed the bet on Shangani in the morning it was possible for the horse to win, still possible at the start of the race when the bet took effect and possible right up until the horse was pulled up.
First of all when you bet with the Tote, they have to pay out a certain amount of money. Like 100 pounds for every 130 pound placed. So in that case what will the Tote do? Payout just one place and refund all the remaining stakes or just pay out for the only placed horse and keep the rest?
I presume they pay out the full pool minus their deductions. The place return on the winner was £2.00, compared to a win return of £1.90.
The second thing is, if you can’t bet on an event that can’t occur, then you shouldn’t be able to lose
You’re patently obviously NOT betting on “an event that can’t occur”. Your view is from hindsight, not from when the bet was placed.
I’m a bit bemused by this ‘debate’!!
Mike
Thanks Mike for explaining the Tote payout, which seems to make sense. Homer, I guess you’re right…. I mean you surely are right, though I can’t still fully understand my mistake.
I don’t think the argument that ‘when you placed the bet you could have won so you are on’ holds water as had there been no finishers (all having fallen or pulled up) then the bet would certainly be void but at the time of placing the bet ‘you could have won’
Ah lads don’t be arguing over silly things. It’s so simple… if u back a horse to win or each way and it doesn’t finish or if it finishes but outside the places then you have lost your money. It’s as straightforward as that.
Ah lads don’t be arguing over silly things. It’s so simple… if u back a horse to win or each way and it doesn’t finish or if it finishes but outside the places then you have lost your money. It’s as straightforward as that.
Yeah, but when there is a dead-heat for 3rd place for example in a race in which 3 places should be paid out, why is the payout for 3rd place halved and why are bookies allowed to keep the rest, if only one horse finishes?
You can’t have it both ways, can you?I don’t think the argument that ‘when you placed the bet you could have won so you are on’ holds water as had there been no finishers (all having fallen or pulled up) then the bet would certainly be void but at the time of placing the bet ‘you could have won’
I would agree that that is an anomaly. It would seem perfectly reasonable to me that if nobody finishes the race, all bets are losers.
I can’t remember the last time that happened mind, although it is probably more likely since the outlawing of remounting.
Mike
I don’t think the argument that ‘when you placed the bet you could have won so you are on’ holds water as had there been no finishers (all having fallen or pulled up) then the bet would certainly be void but at the time of placing the bet ‘you could have won’
I would agree that that is an anomaly. It would seem perfectly reasonable to me that if nobody finishes the race, all bets are losers.
I can’t remember the last time that happened mind, although it is probably more likely since the outlawing of remounting.
Mike
Correct. In that circumstance the race is declared void and bets are refunded. It happened a few years ago after remounting was banned. I think it was a 4 horse race but can’t remember where this was. I wondered at the time why the race should be declared void. Can you bet on no finisher in a race. I guess not if the race is declared void
Towcester 17 March 2011. Four starters, no finishers, race void.
Like Mike I’m bemused by all this. Like others have said it’s quite simple. A bet was placed, the horse started the race but didn’t finish, lost bet – simple. Why anyone should think they should get their mony back baffles me.
Like Mike I’m bemused by all this. Like others have said it’s quite simple. A bet was placed, the horse started the race but didn’t finish, lost bet – simple. Why anyone should think they should get their mony back baffles me.
Let me help you a little bit.
In a tricast race with only two finishers the tricast dividend returned equals the forecast dividend for any other horse you have to finish third, after correctly picking the first two and only finishers of the race.
For example you do tricast bets like 1-2-3 and 1-2-7. Now, there are only two finishers in the race in which 1 beats 2. What is your payout? You get 2 times the forecast dividend paid out. Although there is no other third placed horse in the race.
What happens in a five runner race where there is only one finisher? The win dividend equals the forecast dividend. If you pick the no. 5 horse to beat the no. 1 and no. 3 horses and no. 5 is the only finisher, you will get paid out the forecast dividend twice.
Let me ask why people get paid out in a forecast or even in a tricast with less finishers than required, but not for a place?????
Looking forward for numerous replies…..
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