Winning-Distance Betting

byronbay2

I'm referring to a market where a short-priced favourite is offered in a bet with 3 possibilities: 1) The horse not to win, 2) The horse to win by up to X lengths and 3) The horse to win by X lengths or more. This is a type of bet that often appeals to me (some horses tend to only do just enough to win, some generally win by a large margin) but I haven't had a bet on it for years because the bookies are so ridiculously tight with their prices, usually 110-12%.

This situation reached a new low in Paddy Power at lunchtime today when New Year's Eve was running in the 1.50 @ Huntingdon. While the horse had a show price of 6/4, PP were "offering" the following odds for the distance betting:

2/5 New Year's Eve not to win
3/1 To win by 4L or less
10/3 To win by 4.5L or more

i.e basically even money for it to win and 2/5 for it not to win.

This is an over-round of 16.5% in a 3-horse race i.e 5.5% per runner! It's pure gangsterism. As if they're not making enough money from the poor suckers who are sitting in there all day, they now feel they can fleece them on these made-up markets!

It's not just PP by the way, Boyles are generally about 110% on these markets - not as bad but still too rich for my blood. As I say in my prayers every night: thank God for Betfair!

UrbanSea

The over rounds on distance betting is always ridiculous. Most punters in the shop wouldn't pick up on this though

kiers47

Well the fact that the bookies are laying the horse at 6/4 and trying to back him at 5/2 says it all. It hardly takes a genius to figure out that that's a bum deal.

shamdrog63

I,ve seen Boyles offering across the card doubles and trebles where the board prices of the horses came added up to bigger odds.Thieves!

byronbay2

shamdrog63 wrote: »

I,ve seen Boyles offering across the card doubles and trebles where the board prices of the horses came added up to bigger odds.Thieves!

Correct - PP regularly do that as well. Not just racing either: Suarez and Aguero both to score first etc. I don't think they have any respect whatsoever for the punters in their shops.

premierstone

byronbay2 wrote: »

Correct - PP regularly do that as well. Not just racing either: Suarez and Aguero both to score first etc. I don't think they have any respect whatsoever for the punters in their shops.

Follows on from that other thread earlier in the week, the shops are where the mugs are, they wouldn't know hte difference between an over round and a roundabout! (the majority that is)

Francie Barrett

byronbay2 wrote: »

Correct - PP regularly do that as well. Not just racing either: Suarez and Aguero both to score first etc. I don't think they have any respect whatsoever for the punters in their shops.

Bookies make a fortune off goal scorer markets - why do you think they advertise them so much?

Motivator

shamdrog63 wrote: »

I,ve seen Boyles offering across the card doubles and trebles where the board prices of the horses came added up to bigger odds.Thieves!

Well the reason for this is if one of the horses gets gambled then the customer has a set price but if the horses drift then the customer doesn't get the enhancement. Pure robbery!

Also one market with a crazy percentage is scorecast markets. I remember Long to score the 1st goal & Ireland to draw 1-1 with England was 110/1 but individually Long was 11/1 to score first & the 1-1 correct score was 14/1! Absolute thieves the bookies.

the groutch

Motivator wrote: »

Also one market with a crazy percentage is scorecast markets. I remember Long to score the 1st goal & Ireland to draw 1-1 with England was 110/1 but individually Long was 11/1 to score first & the 1-1 correct score was 14/1! Absolute thieves the bookies.

that's because of related contingencies
in this case, given that Long has scored first, it means that England can't win to nil, so it eliminates alot of possibile scorelines from the double, so odds are reduced accordingly.

a better example would be Long 11/1, and Ireland 2-0 at 11/1.
if Ireland win 2-0, an England player can't score first, so you can't expect to get 11/1 on Long with half the possible goalscorers taken out.