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# Payout question

• 03-01-2013 2:37pm
Closed Accounts Posts: 1,322 ✭✭✭

€50 free bet (so stake is not returned)

Bet: €50 on a horse at 3-1

Result: Dead Heat for 1st place.

What should the payout be?

• Registered Users Posts: 822 ✭✭✭

Stake is halved. So €25 at 3/1 payout (with them holding your stake) should be €75 I would have assumed but I assume you have got €50 back only hence the question.

• Registered Users Posts: 4,408 ✭✭✭

Assuming 2 horses dead heated, €75.

Your stake divided by 2 = 25

Multiplied by full odds 25 x 3 = €75

• Closed Accounts Posts: 1,322 ✭✭✭

Pudders wrote: »
Stake is halved. So €25 at 3/1 payout (with them holding your stake) should be €75 I would have assumed but I assume you have got €50 back only hence the question.

Exactly...I only got €50 back and this didn't seem right to me. I'll see if any other opinions arrive but what you guys have said above seems right to me.

• Closed Accounts Posts: 523 ✭✭✭

most bookies pay full odds on dead heat well the smaller ones do

• Closed Accounts Posts: 1,322 ✭✭✭

carly_86 wrote: »
most bookies pay full odds on dead heat well the smaller ones do

• Registered Users Posts: 559 ✭✭✭

Pudders wrote: »
Stake is halved. So €25 at 3/1 payout (with them holding your stake) should be €75 I would have assumed but I assume you have got €50 back only hence the question.

Just as a matter of interest, why did you assume that the OP only got €50 back (as opposed to say nothing or €25 or any other arbitrary figure)?

I agree that you should get back €75

The only other thing I can think of is if there was a Rule 4 in the race. What race was it OP?

• Closed Accounts Posts: 1,322 ✭✭✭

DB74 wrote: »
Just as a matter of interest, why did you assume that the OP only got €50 back (as opposed to say nothing or €25 or any other arbitrary figure)?

I agree that you should get back €75

The only other thing I can think of is if there was a Rule 4 in the race. What race was it OP?

It wasn't my bet and I've just had clarification of what it was (i just assumed it was horses).

It was yesterday's Afternoon Trap Challenge combined. Trap 2 was 3-1 and was dead heatted with trap 6 (both won the same amount of races.)

I asked a bookie on twitter and he also said it should be €75. I took an interest cause he asked me last night what he should expect to get and i told him 75

• Closed Accounts Posts: 523 ✭✭✭

don't even know why people go go there they don't even guarantee prices on single bets any more

• Registered Users Posts: 822 ✭✭✭

DB74 wrote: »
Just as a matter of interest, why did you assume that the OP only got €50 back (as opposed to say nothing or €25 or any other arbitrary figure)?

I agree that you should get back €75

The only other thing I can think of is if there was a Rule 4 in the race. What race was it OP?

I assumed they had settled his bet as a winner at €100. Then deducted the €50 as the free bet stake giving €50 without taking into account the halving of the stake etc as the software on the free bet payout probably hadn't been writen with a dead heat in mind and took his winnings less the free stake. Just trying to work out what he might have been paid given his question versus what he should have been paid out. I know it is an arbitrary amount the €50 but you can see how logically you might gt to that figure against €25 or nothing etc.

• Closed Accounts Posts: 1,322 ✭✭✭

carly_86 wrote: »
don't even know why people go go there they don't even guarantee prices on single bets any more

Sometimes I'd imagine it's just a case of geography.

• Closed Accounts Posts: 523 ✭✭✭

Sometimes I'd imagine it's just a case of geography.
Wat

• Registered Users Posts: 559 ✭✭✭

Pudders wrote: »
I assumed they had settled his bet as a winner at €100. Then deducted the €50 as the free bet stake giving €50 without taking into account the halving of the stake etc as the software on the free bet payout probably hadn't been writen with a dead heat in mind and took his winnings less the free stake. Just trying to work out what he might have been paid given his question versus what he should have been paid out. I know it is an arbitrary amount the €50 but you can see how logically you might gt to that figure against €25 or nothing etc.

Yeah that makes sense actually

• Closed Accounts Posts: 1,322 ✭✭✭

carly_86 wrote: »
Wat

If the only bookies near you is a ladbrokes.

• Closed Accounts Posts: 523 ✭✭✭

If the only bookies near you is a ladbrokes.
there is a few around. can't understand why they stopped the prices

• Closed Accounts Posts: 1,322 ✭✭✭

carly_86 wrote: »
there is a few around. can't understand why they stopped the prices

They're hungry. They don't even give money back specials anymore, just money back as free bets etc.

They gave money back on the darts final cause Taylor got a 170 checkout - 2 conditions, 1 - it was money back as a free bet, and 2- it was up to a max of €50.

Both selections were 10/11

• Closed Accounts Posts: 523 ✭✭✭

They're hungry. They don't even give money back specials anymore, just money back as free bets etc.

They gave money back on the darts final cause Taylor got a 170 checkout - 2 conditions, 1 - it was money back as a free bet, and 2- it was up to a max of €50.

Both selections were 10/11

paddy power are hungry as well yet people go in cause of there name but if you compare there prices with another betting shop there far worse and the specials arent all that great

• Closed Accounts Posts: 18,335 ✭✭✭✭

PP offer very good specials on horses especially. Plenty of PP begrudgers on here, not entirely sure why, they're one of the fairest bookies by a mile

• Closed Accounts Posts: 1,322 ✭✭✭

Unfortunately as it was a dead-heat your stake would have been halved making it £25 at 3/1 which comes to £100 - (£50 free bet stake) = a total return of £50.

• Closed Accounts Posts: 18,335 ✭✭✭✭

Am I the only one who finds that very harsh, they divide the stake by half fair enough, then take away the full stake

• Registered Users Posts: 559 ✭✭✭

UrbanSea wrote: »
Am I the only one who finds that very harsh, they divide the stake by half fair enough, then take away the full stake

If by "very harsh" you mean "an absolute joke" then I totally agree. It's a disgrace really. In fact, I would think that if you took this to IBAS then you would win your case.

You've already lost half the "stake" because it's a dead-heat and then they deduct the full "stake" from any returns. How anyone can think that's the correct way to settle a bet (free or otherwise) is beyond me.

• Registered Users Posts: 7,706 ✭✭✭

They are completely out of order and wrong here and to illustrate the point, lets say you had placed the bet on a 1/2 shot, based on their figures that would now be - €25@ 1/2 = €37.50 less the €50, therefore you would owe them €12.50 having backed a winner??? Madness Ted :eek:

• Closed Accounts Posts: 1,322 ✭✭✭

They are completely out of order and wrong here and to illustrate the point, lets say you had placed the bet on a 1/2 shot, based on their figures that would now be - €25@ 1/2 = €37.50 less the €50, therefore you would owe them €12.50 having backed a winner??? Madness Ted :eek:

Good point...

• Closed Accounts Posts: 523 ✭✭✭

UrbanSea wrote: »
PP offer very good specials on horses especially. Plenty of PP begrudgers on here, not entirely sure why, they're one of the fairest bookies by a mile

you obviously don't bet go independent betting shops

• Registered Users Posts: 4,408 ✭✭✭

carly_86 wrote: »
you obviously don't bet go independent betting shops

???

• Closed Accounts Posts: 18,335 ✭✭✭✭

carly_86 wrote: »
you obviously don't bet go independent betting shops

Because there are so many of them. I live in Sligo and Dublin. Used to bet in the one in Sligo that closed three years ago, cannot think of a single independent in the city centre.

So inform me where I should be betting

• Closed Accounts Posts: 1,322 ✭✭✭