Off Topic O/T Betting knowledge

Does anyone have any good knowledge of the ins and outs of betting?

I have a query which Bet365 couldn't answer me properly with on Live Chat.

I put a 4 horse bet on at Cheltenham - £6 stake (£3 e/w) with returns of £3772.

Saint Roi, Monkfish and Al Boum Photo all won.

Cash Out was showing at £1098 (which oddly immediately dropped to £669 within seconds)

I wasn't sure going into the last race so did a partial cash out - £334, which left my bet running at half the stake.

Remaining bet: £3 stake (£1.50 e/w) with returns of £1886

Billaway came in 2nd and the bet returned £27!

How can a potential returns if Billaway won be £1886 and only £27 for coming 2nd?!!

Anyone with better knowledge on this would be greatly appreciated, thanks.

 

Could it be that those are the payouts assuming everything won.... once a nag only places, you only get 1/5 off the offering. Therefore the pot is only worth 20% of what it was before the nag place.
Accas are horrible things

 

I'd try the chat again and ask for clarification. The knowledge of those working will be very random depending on who you get.
I used to work in the betting industry (actually for bet365 among others), but horses are not my strength and my memory of e/w in a acca is dodgy.
My only guess is that you somehow cashed out a majority of the e/w bet and kept the straight out winners (not 100 % sure how partial cash outs work)

But try the chat again and ask for clarification.

 

£1886 is the payout if everything won, I had 3 winners and a 2nd place, but the acca was an each way bet - surely equates to more than £27?!

If by your theory it's 20% of the returns at £1886, I should have got £377?

 

no it’s not that simple.... the accumulated pot going into that race is then reduced. I’m not an expert btw!

 

There is a betting forum on not606 they are knowledgeable and helpful on there

 

Depends on the prices, imagine these prices with your £3 on all winning

Win: Evens - £6 going forward
Win: 2/1 - £18 going forward
Win: 10/1 - £198 going forward

So for the win part of the bet, you’d have £198 going on to the next horse, if it won at 10/1 you’d have £2170.00 for the win part, you’d get the EW part on top which I’ve detailed below.

Each way pays 1/5th so at evens the first part of your bet, you’d have 60p profit, your £3 stake so £3.60 going on to the next. With the same above prices you’d have 72p profit on your £3.60 so £4.32 going on to your 10/1 one fifth of 10/1 is 2/1 so your £4.32 becomes £12.96 (2 x £4.32 + your £4.32 stake back) going onto the next 10/1 and again you get one fifth of that so the same as 2/1 a return of £38.88

 

Thanks - I might try their Twitter, they seem to give direct answers on there, less "maybe it's because..."

 

Thanks, I didn't know that. Seen people discuss bets on here before, so thought I'd give it a go.

 

Thanks - I kind of understand that. I will try give the maths a go after my chippy!

First horse won at 8/1
Second won at 6.5/1
Third horse won at 4/1
Fourth horse 2nd at 6/1

Why does it show returns as being £1886 (if all won) then? As by going by that, if all 4 had won, I wouldn't have got what it said would be my returns?

 

Found this for you
https://www.aceodds.com/bet-calculator/accumulator.html

 

That link, it’s stating you should have got £71.04 back, if I change the last horse from 2nd to first it’s saying £7158.54 yikes, that’s a ****ter but it sounds like Bet365 we’re giving incorrect figures?

 

That's a massive jump! Can't be that big a difference surely?

Yeah, Bet365 odds were saying returns would be £1886 (if first), which is massively different to that link as well.

Thanks for the help.

 

With a calculator for the win part only I make it £1012.50 going onto the last so at 6/1 that's £7087.50 so Bet365 is miles out

 

I've had an email from Bet365 saying the maximum I could have won from my final horse is £54, and as it came 2nd, £27 is the correct amount.

They say as the bet is now settled nothing can be reviewed such as why the returns were showing £1886.

Basically trying to fob me off.

 

Basically your £3 win bet lost. Your £3 place bet won. You would have got the same returns if they all placed, if one won and 3 placed, if 2 won and 2 placed or 3 won and one placed. You don't win any more because 3 won. If your bet a lucky 15 then it would have made a difference.

If the values you are giving are correct then the pay out seems correct given you partially cashed out. The only thing in error would be is the value of the winnings You were quoted. Should have been 7k like ristac said.

 

This is what it showed after the partial cash-out, before the final race:

 

If the horses I backed didn't make a difference if they won or placed, how come on my other bets where a horse only placed, the cash out and returns amount lowered from the original, whereas when a horse won, the cash out increased?

 

Unless I'm missing something you should have won £36. But potential winnings should have been around 3.8k.

Seems like both the pre and post cash out potential winnings are half what they should be. I'm no expert though.

Maybe ask on the racing forum. I've popped my head in there in there in the past and they seem a decent bunch.

 

Did it increase by much? Once you get a place it would decrease cos your win bet just lost. If you get another win or place then it should increase as your still live place bet just got closer to winning.