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100/30

  • 05-05-2010 10:00pm
    #1
    Fandango
    Registered Users, Registered Users 2 Posts: 795 ✭✭✭


    Ok, i may well have asked this before and probably others have. I have been betting on horses for a good while but usually to make a small profit or just for the craic. One thing that always confuses me, why 100/30 instead of 10/3? I may well have asked here before but cant remember the answer!


    PS. Havent posted here in ages but always thankful to you guys for the tips whenever i do bet. Havent bet in months now but when i did you guys helped make a small profit or at the very least cut the losses down a bit. Get the feeling many come and follow your tips, but win or lose dont say thanks!


Comments

  • #2
    Whyno
    Closed Accounts Posts: 1,142 ✭✭✭Whyno


    Same thing :rolleyes:


  • #3
    ALTESSE12
    Registered Users, Registered Users 2 Posts: 51 ✭✭ALTESSE12


    simply because punters on course will bet say 30 and the bookie will call back "100 Euro to 30"


  • #4
    Fromvert
    Registered Users, Registered Users 2 Posts: 5,081 ✭✭✭Fromvert


    Not need to worry about it, we'll be going decimal soon enough.


  • #5
    [Deleted User]
    Posts: 24,714 ✭✭✭✭ [Deleted User]


    Fromvert wrote: »
    Not need to worry about it, we'll be going decimal soon enough.

    Hopefully not, I much prefer fractional odds.


  • #6
    wb
    Registered Users, Registered Users 2 Posts: 1,752 ✭✭✭wb


    As far as I'm aware, it goes back to before the UK and Ireland currencies to decimal in the 1970s (100 pennies in the pound). I'm not old enough to remember the pre decimal money but as far as I've been told (by an on-course bookie) 100/30 meant something in old money but 10/3 didn't. Like a lot of things in racing, the tradition just stuck (like buying horses in Guineas).


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  • #7
    Morgans
    Registered Users, Registered Users 2 Posts: 4,431 ✭✭✭Morgans


    Pretty sure that it comes from the fact that you were to win 100. Pre decimalisation, prices over 10/1 were written as:
    100/9 (11/1 these days)
    100/8 (12/1)
    100/7 (14/1)
    100/6 (16/1)

    Probably more was wagered at a horse over just over 3/1, and punters were willing to fight for the fraction more.

    Funny looking at the national winners - 1969 Highland Wedding 100/9 - 1970 Gay Trip 15/1. Clearly as they adjusted for decimalisation, the bookies hadnt settled on the standard common betting prices we have today.


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