In Response to Re: Jackpot syndicate NAPs table for July : Ok. But I am confused as to why it isnt 3/2? Posted by Phantom66
A mistake a lot of people make.
But you get back HALF the TOTAL RETURN not HALF the ODDS.
Example, a kindly bookmaker offers you even money each horse in a two horse race and they dead heat.
You have had £1 on each (although why would you do that is a good question, but for the sake of this example a £1 on each is what it is.
If they dead heat and you get half the ODDS that means that each would be 1/2 and you'd get back £1.50 for each, hardly fair to our kindly bookmaker.
Half the TOTAL return means you get back £1 for each as you should.
So if you back an odds-on shot and it only dead heats, you rightly lose money.
Another way of looking at it, is that it's as if the full odds were paid but to half the stake. It works out the same, half it before or half it after, whichever you prefer. :=)
My selection, FROLIC 6.40, has got WN (withdrawn?) next to its name and Non Runner in brackets. Do I select another or is it just hard luck? Posted by MAXALLY
Up to you, it either counts as a Non Runner, so no profit, but also no loss (selection just doesn't count)
But if you want to select an alternative, that's fine mate. :=) GL
Comments
But you get back HALF the TOTAL RETURN not HALF the ODDS.
Example, a kindly bookmaker offers you even money each horse in a two horse race and they dead heat.
You have had £1 on each (although why would you do that is a good question, but for the sake of this example a £1 on each is what it is.
If they dead heat and you get half the ODDS that means that each would be 1/2 and you'd get back £1.50 for each, hardly fair to our kindly bookmaker.
Half the TOTAL return means you get back £1 for each as you should.
So if you back an odds-on shot and it only dead heats, you rightly lose money.
Another way of looking at it, is that it's as if the full odds were paid but to half the stake. It works out the same, half it before or half it after, whichever you prefer. :=)
Hope this explains.
G
But if you want to select an alternative, that's fine mate. :=) GL
Cheers,
G
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