Betfred Rule 4

[RubbishTip]

Hi All,

I was looking for somewhere on the internet to post about this and stumbled across this forum. Hopefully I'm in the right place.

Betfred rules regarding Rule 4 deductions are as follows:

"Any bets accepted where an ‘early price’ has been selected, the total deduction
will apply to the original market price of the withdrawn selection
at the time of bet acceptance, which may differ from the actual price
of the withdrawn selection at the time of withdrawal."

http://www.betfred.com/help/faq/sportsbook-betting-rules

This contradicts rules at other bookmakers whereby the R4 is based on the price of the withdrawn horse at the time of withdrawal:

"Where a bet has been placed and a price taken on the day of the race and there is subsequently an official notification that a horse has been withdrawn or has been declared ‘not to have started’, the liability of a layer against any horse remaining in the race, win or place, will be reduced in accordance with the following scale depending on the odds current against the withdrawn horse at the time of such official notification"

http://www.tattersallscommittee.co.uk/userfiles/file/Tattersalls Committee Rules on Betting FINAL.pdf

Interestingly, the finsoft system used by Betfred seems to apply the R4 based on the price of the withdrawn horse at the time of withdrawal - which is not in line with their rules.

Any thoughts on this?

[BillyHills]

Hi mate, welcome to the forum.

I'm not sure what your point is to be honest?

I think it just confirms that all bookmakers have their own rules and its up to the individual punter to try and understand them and then make a choice of where to put your business.

Betfred have done nothing wrong here as far as I can see, its their rules and as long as you understand that then thats fine. The problems arise when punters only go looking for the rules when something bad happens.

Good luck