You have to feel for these bookies over rule 4

[Glenn]

Palace Moon plays up at the start, they clip it to 8/13, but can they apply the full 62p rule 4 that their new clipped price screams out for? No, they’re forced to deduct a mere 60p.

How are they supposed to make a profit? Surely this is uneconomical? They’re left with a win book of 163% and a three place book of 510%.

[Glenn]

Those place returns in full:

Another Decree: 2.28 bookie, 3.13 BF, 3.3 tote
Bahamian Kid: 1.64 bookie, 2.38? BF, 1.9 tote
Hardanger: 4.2 bookie, 17.11 BF, 8.8 tote

Not sure of the Bf SP for Bahamian Kid – it was obscured by the suspended sign.

[davidbrady]

They are impressive overrounds I have to say!

The overround if the favourite had entered the stalls would have been 34% so it almost doubled with the withdrawal – that is incredible all things considered.

[cormack15]

I’ll repeat my suggestion of a few weeks back. On course prices should be returned and then should be automatically corrected to a constant over-round, dependent on number runners and defined by legislation, which acts as the SP.

[davidbrady]

I see the Rule 4 deductions for withdrawals will be increased in the future

Story here[/url:2ab6oz70]

You gotta love the example given – a 3 horse race! Hardly representative of racing on a daily basis.

[Wallace]

More evidence for those who still need to be convinced to avoid bookmakers. The firms are moving every goalpost to squeeze any extra margin from the mugs who keep them in business.

[Cav]

Disgusting…applying betting exchange reduction factors to 2% per runner overrounds.

Is there no limit to their greed. This is a very serious issue with the amount of non runners these days. I got the RP today and once again they’ve suckered me with their headlines. Tatts’s angle given ample coverage and a limp wristed reposte from Matt Williams. Dire.

[carvillshill]

Beggars belief that they can get away with this- as CR says they are applying deductions as if they were Betfair, betting to nothing. Where’s McCririck when you need him?

[Gingertipster]

I can see the deductions needed to be changed a bit as it did favour the punter.
However from what I have seen, the new deductions are what would be fair off a 100% market. But bookmakers do not bet to 100%, so the deductions should be less than that. A 5/4 non-runner is only 5/4 because the bookie has added his percentage, 5/4 = 44.44% in true odds terms but only because he has added a mark up. A fairer deduction is surely 42 or 43p rather than 44p.

Wonder what Barry Dennis thinks?

Mark

Value Is Everything

[chalk jockey]

Terry Allen should resign,not one race in England yesterrday had a SP total % under 110.Will the new deductions be used for Irish racing?With the %s over there does Terry think that will be fair to punters?I hope the bookies look after him well.

If you go to back a certainty always buy a return ticket.

[Cav]

Terry Allens only example in the RP today was a 3 runner race scenario.

Says it all really.

[% MAN]

On the basis that SP calculations are now fully computerised surely it would not be beyond the wit of man to write software to calculate the deduction based on the SP overround at the time of withdrawal.

The downside is punters would not have a standard deduction chart to work from, however it seems fairer and a small price to pay.

[Author]

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