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Paddy power guaranteed odds

  • 03-07-2014 8:31pm
    #1
    Registered Users, Registered Users 2 Posts: 2,063 ✭✭✭


    I placed a €5 on spring focus at 3/1 online (guaranteed) and only end up winning €17.50. Can anyone explain this please?

    Bet receipt number : xxxxxxxxxxxxxxxxxxx

    Selection Selection Details Result 1 Horse Racing LEOPARDSTOWN 20:00 HANDICAP (3YO) 1m 2f 3rd of July 2014 8:00 pm Win or E/W Spring Focus @ 3/1 (GP)

    Win This bet has benefited from
    our Guaranteed Price.
    You have received a bonus to the value of €0.50


    Stake and Return Details Bet placed at 3rd of July 2014 7:01 pm Total Stake €5.00 Bet type Single (To Win) Tax@Tax free 0 Number of lines 1 Total stake due €5.00 Stake per line €5.00 Freebets Redeemed €0.00 Channel Internet Total amount paid €5.00 Number of win lines 1

    Number of void lines 0 Returns €17.00

    Guaranteed Price Bonus €0.50

    Total Returns €17.50


Comments

  • Registered Users, Registered Users 2 Posts: 1,340 ✭✭✭sdoc13


    UrbanFret wrote: »
    I placed a €5 on spring focus at 3/1 online (guaranteed) and only end up winning €17.50. Can anyone explain this please?

    Bet receipt number : xxxxxxxxxxxxxxxxxxx

    Selection Selection Details Result 1 Horse Racing LEOPARDSTOWN 20:00 HANDICAP (3YO) 1m 2f 3rd of July 2014 8:00 pm Win or E/W Spring Focus @ 3/1 (GP)

    Win This bet has benefited from
    our Guaranteed Price.
    You have received a bonus to the value of €0.50


    Stake and Return Details Bet placed at 3rd of July 2014 7:01 pm Total Stake €5.00 Bet type Single (To Win) Tax@Tax free 0 Number of lines 1 Total stake due €5.00 Stake per line €5.00 Freebets Redeemed €0.00 Channel Internet Total amount paid €5.00 Number of win lines 1

    Number of void lines 0 Returns €17.00

    Guaranteed Price Bonus €0.50

    Total Returns €17.50

    20c r4


  • Registered Users, Registered Users 2 Posts: 2,063 ✭✭✭UrbanFret


    Thanks sdoc13. Would be helpful if they stated this on the receipt!


  • Registered Users, Registered Users 2 Posts: 1,340 ✭✭✭sdoc13


    UrbanFret wrote: »
    Thanks sdoc13. Would be helpful if they stated this on the receipt!

    Agreed its very annoying. Yet they take credit for a 50c gp. Ha!


  • Registered Users, Registered Users 2 Posts: 407 ✭✭razorhead


    The price you took was 3/1. There was a 20% deduction leaving price @ 12/5 thus your winnings of €17. The SP was 5/2 which would lead to a GP of 5/2 which would yield a return of €17.50 thus your guaranteed bonus of 50 cent.

    Hopefully this explains


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