E/W Bet settler At Sports-Punter

[cavello]

One of the settlers at Sports-Punter need some help in settling E/W bets.

Horse Racing

15/05/2006

3.50 Redcar

CHANTUESE NOIR (E-W)

3

Centrebet @ 3.50

-2.50

The above bet is in actual fact -1.5 pts.

Horse Racing

12/05/2006

4.45 Nottingham

SAFQA (E-W)

5

Centrebet @ 2.25

-4.25

The above bet produces a loss of -3.75

Horse Racing

12/05/2006

2.10 Lingfield

SEE IN THE DARK (E-W)

3

Centrebet @ 2.25

-3.75

The above bet producesRacing a loss of -2.25

Horse Racing

12/05/2006

3.00 Nottingham

FRISKY TALK (E-W)

2

Centrebet @ 1.66

-2.66

The above bet produces a loss of -1.732. I'm enduring at present the worse run on personal horse race betting(thank god for Slapdash) for years but I still expect to get the right amount returned on an each/ways bet even if the horse finished 2nd or 3rd.. At the moment I need every point I can get. Managed to find another odds on loser today:$ Strangely the following bet was settled correctly on Sunday, Different settler me thinks.

Horbetse Racing

14/05/2006

2.40 Plumptom

Chequered Lady (E-W)

2

>Bet365 @ 13.00

+2.80

Anybody, noticed strange settlling?

[bowles10]

Re: E/W Bet settler At Sports-Punter the SP rules are same as that for ew settling on horse racing. i have queried a few direct with them by email but in the main they are correct. i would wonder why you are actually betting ew on such small odds? why dont you either have just a win bet or a place bet.

[slapdash]

Re: E/W Bet settler At Sports-Punter To be fair I frequently get confused myself when I work out EW returns on horses at short odds, and I'm supposed to be a mathematician! I'm sure they'll be corrected if you email SP.

[slapdash]

Re: E/W Bet settler At Sports-Punter Bowles, I assume these are horses where Cavelloman is getting better odds on the place by betting EW taking a bookie's odds than he could get betting place-only at Betfair.

[cavello]

Re: E/W Bet settler At Sports-Punter I do bet extra on the place (on the exchanges) but sometimes 1/4 is a value bet and I look at each section of the EW bets from a different perspective. Frisky Talk started much shorter then expected by me. Look at the data below from the last 9 years of bets on Massey Top-Rated Maidens-Placed LTO. So you can see that backing short prices(86%. I don't bet E/W in handicaps unless theire are betwwen 16-20 runners. Results broken down by Number of Runners

	Bets	Wins	Win Strike Rate	Win %Return at SP	Placed (inc wins)	Place Strike Rate	Each-Way %Return at SP
8 or 9	163	84	51.5%	103.7%	143	87.7%	104.8%
10 or 11	153	72	47.1%	95.6%	131	85.6%	100.0%
12 or 13	100	49	49.0%	101.3%	89	89.0%	105.1%

Results broken down by Race Type

	Bets	Wins	Win Strike Rate	Win %Return at SP	Placed (inc wins)	Place Strike Rate	Each-Way %Return at SP
Maiden	416	205	49.3%	100.2%	363	87.3%	103.1%

Results broken down by Starting Price

	Bets	Wins	Win Strike Rate	Win %Return at SP	Placed (inc wins)	Place Strike Rate	Each-Way %Return at SP
1-2 to 10-11	181	100	55.2%	92.4%	164	90.6%	97.8%
Evens to 11-8	126	60	47.6%	103.5%	112	88.9%	106.6%
6-4 to 15-8	109	45	41.3%	109.2%	87	79.8%	107.8%

[cavello]

Re: E/W Bet settler At Sports-Punter

To be fair I frequently get confused myself when I work out EW returns on horses at short odds, and I'm supposed to be a mathematician! I'm sure they'll be corrected if you email SP.

You can hardly get a lost of more the 3 points if your original bet is 3 point E/W and is placed, regardless of the odds!!! By the way I can do these in my head. I went to school when mental arithmetic was done for 20 minutes before a proper Maths lesson(Trig, Calculus etc). Example yesterday 5/2 shot finished 3rd. I bet 3 pts E/W Therefore lost on win section of bet = -3pts Profit on place section( 5/(2x5)) x 3 = +1.5 Therefore return on bet = -1.5 pts (not -2.5 pts)

[slapdash]

Re: E/W Bet settler At Sports-Punter

You can hardly get a lost of more the 3 points if your original bet is 3 point E/W and is placed' date=' regardless of the odds!!![/quote'] True. But bear in mind that there is a lot of settling to be done each day on SP, and a few mistakes are inevitable, and they're more likely on the "complicated" bets. I can (in theory) do it in my head too. My problem is that my usual method, which I find quicker for "normal" EW bets, is: 12/1 ... divide by 5 gives 2.4 ... subtract 1 for the losing win bet makes 1.4 ... multiply by stake. And when the price is less than 5/1 then this involves subtracting 1 from a number less than 1 and getting a negative number ... which is inherently more prone to mistakes. :( I frequently make a mistake and get an "impossible" answer. :sad

[cavello]

[slapdash]

Re: E/W Bet settler At Sports-Punter I've noticed a few races (with a long odds-on favourite) where it would have been possible to make a small guaranteed profit by backing the favourite to win at SP and all the other runners EW.

[cavello]

Re: E/W Bet settler At Sports-Punter I think this shows it not crazy to combine the value E/W bets you have identified with shorter price E/W "Banker Bets" in doubles. I often do this and have had good success with this.

[cavello]

Re: E/W Bet settler At Sports-Punter Looks like the fault is with the Bettingzone Odds Calculator. Coding error somewhere!!! It can't cope with fractions or returns less then original stake if putting in units of less then 10 for singles . The returns are correct but the profit/loss value is incorrect. N.B This is only the profit line. The Returns are correct.