Bit of an Admin nightmare for me now, as those below were on a Non-Runner, so transfer to the returned SP favourite. However, there were Joint Favourites, so they only get half odds to full stake. I'll need to make manual adjustments to the Spready to sort this out. Marv.
Bit of an Admin nightmare for me now, as those below were on a Non-Runner, so transfer to the returned SP favourite. However, there were Joint Favourites, so they only get half odds to full stake. I'll need to make manual adjustments to the Spready to sort this out. Marv.
Bit of an Admin nightmare for me now, as those below were on a Non-Runner, so transfer to the returned SP favourite. However, there were Joint Favourites, so they only get half odds to full stake. I'll need to make manual adjustments to the Spready to sort this out. Marv.
Bit of an Admin nightmare for me now, as those below were on a Non-Runner, so transfer to the returned SP favourite. However, there were Joint Favourites, so they only get half odds to full stake. I'll need to make manual adjustments to the Spready to sort this out. Marv.
Bit of an Admin nightmare for me now, as those below were on a Non-Runner, so transfer to the returned SP favourite. However, there were Joint Favourites, so they only get half odds to full stake. I'll need to make manual adjustments to the Spready to sort this out. Marv.
Possibly, but I've always assumed it was the same thing.
This Competition works on amount of PROFIT made.
So if the winner was 3/1JF, then...
Half odds to full stake comes to (£1 @ 6/4 = £1.50)
Full odds on half stake comes to (£0.50 @ 3/1 = £1.50).
Am happy to amend the Spready results if I've got it round my neck. Which is also a 6/4 shot.
As soon as I saw the result that said there were Joint Favourites, my heart sank, knew it would cause me some head scratching.
PS - Looking forward to the Football season? I see made a big signing yesterday.
Hmm - £1 @ 6/4 = £2.50 return 50p @ 3/1 = £2 return. To half the price is incorrect. Yes, looking forward to footie but need at least another 3 quality signings.
"PS.....I have the same headache's when doing Dead Heat selections with the Jackpot lads."
I dread it, every time I see "JF" I think PLEASE let nobody be on a non-runner. Think there 5 last night, it took me an age to manually alter the Spready.
"Hmm - £1 @ 6/4 = £2.50 return 50p @ 3/1 = £2 return. To half the price is incorrect."
No, I don't think that's correct.
As I stated, "This Competition works on amount of PROFIT made".
"Profit" & "return" are different things.
£1 @ 6/4 is £2.50 return but £1.50 PROFIT.
50p @ 3/1 is £2 return but £1.50 PROFIT.
Does that make sense?
We are not at odds here - pardon the pun - we are just comparing different things. (Profit & return). The Comp works on profit, not return.
And I'm not even 100% sure I'm right, but I think I am. If I'm wrong, I'll amend the table, obviously.
Sigh.........You forgetting the original stake is £1 so incorrectly half the price gets £1.50 profit but correctly divide the stake on each joint fav brings -50p on the losing joint fav and a return of £2 (3X 50p + 50p) from the winning Joint fav less the £1 stake = £1 profit. For an unnamed bet on a fav you divide the stake between the number of favs e.g. if there are 5 joint favs you have 20p on each. It's not rocket science! lol
"Hmm - £1 @ 6/4 = £2.50 return 50p @ 3/1 = £2 return. To half the price is incorrect."
No, I don't think that's correct.
As I stated, "This Competition works on amount of PROFIT made".
"Profit" & "return" are different things.
£1 @ 6/4 is £2.50 return but £1.50 PROFIT.
50p @ 3/1 is £2 return but £1.50 PROFIT.
Does that make sense?
We are not at odds here - pardon the pun - we are just comparing different things. (Profit & return). The Comp works on profit, not return.
And I'm not even 100% sure I'm right, but I think I am. If I'm wrong, I'll amend the table, obviously.
Sigh.........You forgetting the original stake is £1 so incorrectly half the price gets £1.50 profit but correctly divide the stake on each joint fav brings -50p on the losing joint fav and a return of £2 (3X 50p + 50p) from the winning Joint fav less the £1 stake = £1 profit. For an unnamed bet on a fav you divide the stake between the number of favs e.g. if there are 5 joint favs you have 20p on each. It's not rocket science! lol
It may not be "rocket science, lol" to you but I'm struggling with this & doing my best to get it right.
In the Daily Forum Comp, we do not count the stake, the stake is theoretical. We ONLY count profit or loss. So, for example, £1 on a 3/1 winner gives us £3 PROFIT, not £4. If we back a loser, our total decreases by £1.
So the example you gave...
a return of £2 (3X 50p + 50p)
The return is £1.50, not £2, (In my little world).
Fortunately, @mumsie who built the Spready for us, is going to try & write & formula to account for Joint Favourites, then I won't have to head scratch every time.
Please also be assured that if I'm wrong on this, nobody will suffer financially, I'll ensure the "real" winners get their prizes.
Bear with me please whilst I try & persuade my brain to function correctly.
In a bookmaker, or an Online betting site, I'd snap agree, as with those you have to pay a stake. No stake is paid here so you can't get your stake back.
In a bookmaker, or an Online betting site, I'd snap agree, as with those you have to pay a stake. No stake is paid here so you can't get your stake back.
I'm kind of losing heart. Explaining where you've gone wrong isn't working. I can assure you if you back ' the fav' (unnamed) then you must divide your stake between the number of horses if there are 'joints'.e.g. If you put a pound on the fav and 4 horses are joint favs you have 25p on each. Do this and your not just doing it right you'll also find it easy! So in this case you win £1.50 on the winner but lose 50p on the other joint, total profit £1. To half the price is just wrong! Enough!
" I can assure you if you back ' the fav' (unnamed) then you must divide your stake between the number of horses if there are 'joints'.e.g. If you put a pound on the fav and 4 horses are joint favs you have 25p on each."
Comments
RESULT; 21.00 Musselburgh
1st; Archduke Ferdinand @ 33/1
2nd; Yeeehaah @ 25/1
3rd; Yassar @ 4/1
A shock 33/1 winner there, & unsurprisingly, nobody selected it.
The opening table;
@7Wizard £2.00
@Boxster £2.00
@edrich £2.00
@Essexphil £2.00
@freeatlast £2.00
@Glenelg £2.00
@goldnballz £2.00
@madprof £2.00
@MAXALLY £2.00
@mumsie £2.00
@pompeynic £2.00
@thefall £2.00
@Brrrrrrr £0.50
@poppy765 £0.50
@SKYGRAN £0.50
@stokefc £0.50
@vaigret £0.50
@-Stuey- -£2.00
@1981MATT -£2.00
@68Trebor -£2.00
@Angela124 -£2.00
@Asho28 -£2.00
@bbMike -£2.00
@buzka -£2.00
@coo1-um -£2.00
@DONN001 -£2.00
@dragon1964 -£2.00
@Enut -£2.00
@eon1961 -£2.00
@fredsgirl -£2.00
@GGGGCCCC -£2.00
@glencoelad -£2.00
@gogogadget -£2.00
@green_beer -£2.00
@HANSON -£2.00
@hugomuck -£2.00
@ILIKE2FISH -£2.00
@JACKDAW -£2.00
@JammyFker -£2.00
@lufc333 -£2.00
@metz7 -£2.00
@MISTY4ME -£2.00
@mkgunner -£2.00
@MP33 -£2.00
@PKRPar -£2.00
@rabdeniro -£2.00
@safc71 -£2.00
@SidV79 -£2.00
@Skip5578 -£2.00
@SMARTGOAT -£2.00
@Snuffer -£2.00
@spartathen -£2.00
@Spike4000 -£2.00
@Summers119 -£2.00
@tai-gar -£2.00
@Telmison74 -£2.00
@thedazzman -£2.00
@TheEdge949 -£2.00
@tmc460 -£2.00
@Toffeeandy -£2.00
@tomb1793 -£2.00
@tomgoodun -£2.00
@TVSpice -£2.00
@waller02 -£2.00
@zadoc -£2.00
@-Stuey-
Hi mate,
Possibly, but I've always assumed it was the same thing.
This Competition works on amount of PROFIT made.
So if the winner was 3/1JF, then...
Half odds to full stake comes to (£1 @ 6/4 = £1.50)
Full odds on half stake comes to (£0.50 @ 3/1 = £1.50).
Am happy to amend the Spready results if I've got it round my neck. Which is also a 6/4 shot.
As soon as I saw the result that said there were Joint Favourites, my heart sank, knew it would cause me some head scratching.
PS - Looking forward to the Football season? I see made a big signing yesterday.
Yes, looking forward to footie but need at least another 3 quality signings.
@-Stuey-
"Hmm - £1 @ 6/4 = £2.50 return 50p @ 3/1 = £2 return. To half the price is incorrect."
No, I don't think that's correct.
As I stated, "This Competition works on amount of PROFIT made".
"Profit" & "return" are different things.
£1 @ 6/4 is £2.50 return but £1.50 PROFIT.
50p @ 3/1 is £2 return but £1.50 PROFIT.
Does that make sense?
We are not at odds here - pardon the pun - we are just comparing different things. (Profit & return). The Comp works on profit, not return.
And I'm not even 100% sure I'm right, but I think I am. If I'm wrong, I'll amend the table, obviously.
Shush you, stay in your own lane.
33/1 @ £1 e/w is £66.60 total (to save you working it out and getting it wrong)
PS.....I have the same headache's when doing Dead Heat selections with the Jackpot lads.
@MAXALLY
"PS.....I have the same headache's when doing Dead Heat selections with the Jackpot lads."
I dread it, every time I see "JF" I think PLEASE let nobody be on a non-runner. Think there 5 last night, it took me an age to manually alter the Spready.
It may not be "rocket science, lol" to you but I'm struggling with this & doing my best to get it right.
In the Daily Forum Comp, we do not count the stake, the stake is theoretical. We ONLY count profit or loss. So, for example, £1 on a 3/1 winner gives us £3 PROFIT, not £4. If we back a loser, our total decreases by £1.
So the example you gave...
a return of £2 (3X 50p + 50p)
The return is £1.50, not £2, (In my little world).
Fortunately, @mumsie who built the Spready for us, is going to try & write & formula to account for Joint Favourites, then I won't have to head scratch every time.
Please also be assured that if I'm wrong on this, nobody will suffer financially, I'll ensure the "real" winners get their prizes.
Bear with me please whilst I try & persuade my brain to function correctly.
In a bookmaker, or an Online betting site, I'd snap agree, as with those you have to pay a stake. No stake is paid here so you can't get your stake back.
@-Stuey-
" I can assure you if you back ' the fav' (unnamed) then you must divide your stake between the number of horses if there are 'joints'.e.g. If you put a pound on the fav and 4 horses are joint favs you have 25p on each."
That is exactly what I am doing.
Anyway, let's move on.