Is this right?

careca

Did a very small reverse forecast in Lads last week on a big handicap. Got it up and went and got paid. When I got back to the pub, I saw there was a stewards enquiry and it looked like the winner/second would get reversed (as it happened they didn't). I casually asked the manager in Lads if I would get paid again if the placings were reversed and he informed me that you can only be paid once on a docket (Lads policy). I asked him if I had written out two separate dockets would i have got paid and he laughed and said "ya, its a flaw in the system but you would have".

Anyone else experience something like this?

premierstone

Its an interesting one alright, never heard of anything like it or even thought of it, seems right though the thing about only getting paid once on a docket, how late was the stewards inquiry called, must have been pretty late if they had already anounced the tote returns??

careca

premierstone wrote: »

how late was the stewards inquiry called, must have been pretty late if they had already anounced the tote returns??

It was called pretty quickly, like the same as normal really. I could be wrong but I thought they calculated the returns straight away but don't pay out (on Tote) until winner alright announced ??

premierstone

careca wrote: »

It was called pretty quickly, like the same as normal really. I could be wrong but I thought they calculated the returns straight away but don't pay out (on Tote) until winner alright announced ??

Well in this case surely they were wrong to pay out while there was an enquiry pending, I know they pay first past the post and the double result but surely for a R.F.C. they should have waited - what if the positions had have been reversed and the new returns were greater??

careca

premierstone wrote: »

Well in this case surely they were wrong to pay out while there was an enquiry pending, I know they pay first past the post and the double result but surely for a R.F.C. they should have waited - what if the positions had have been reversed and the new returns were greater??

I'm not sure what would have happened to be honest. to complicate it even more, I presume if the winner was thrown out altogether (placed fourth or last) I would have got paid at the original settlement so I can see why he did pay me out.
I know them pretty well in my local ladbrokes so I think I would have been paid after a call to HO, but I just thought it was a strange one as its the first time I ever thought about it. You get paid on both on a dead heat but obv the dividends are lower.

premierstone

careca wrote: »

I just thought it was a strange one as its the first time I ever thought about it.

It is that for sure, id be very interested to get a definitive answer/explanation on this one hopefully someone will fill us in

finbarrk

premierstone wrote: »

Its an interesting one alright, never heard of anything like it or even thought of it, seems right though the thing about only getting paid once on a docket, how late was the stewards inquiry called, must have been pretty late if they had already anounced the tote returns??

I thought a forecast bet was worked off the sp not off the tote returns. The tote forecast is called the exacta.

premierstone

finbarrk wrote: »

I thought a forecast bet was worked off the sp not off the tote returns. The tote forecast is called the exacta.

No its done on the tote returns nothing to do with sp's at all, if you can find two races where the prices of the first two home were the same in both races, the forecast returns will be different

All in all

premierstone wrote: »

No its done on the tote returns nothing to do with sp's at all, if you can find two races where the prices of the first two home were the same in both races, the forecast returns will be different

Finbark is correct - forecast is a calculation based on the number runners, SP, draw, etc - i'm not sure of the exact calculation but it the computer straight forecast (CSF) that you back in a bookies.
The difference with that and an exacta (tote bet) is that the tote bet is out of a betting pool and does not nescessarily produce a return (if no one in the pool has the correct result), where as the CSF will always produce a return.

premierstone

All in all wrote: »

Finbark is correct - forecast is a calculation based on the number runners, SP, draw, etc - i'm not sure of the exact calculation but it the computer straight forecast (CSF) that you back in a bookies.
The difference with that and an exacta (tote bet) is that the tote bet is out of a betting pool and does not nescessarily produce a return (if no one in the pool has the correct result), where as the CSF will always produce a return.

Oh my apologies folks

Bluetonic

Some more information here from before.