Reverse Forecast - surely they've got it wrong

[SteveyC]

Hi all, been skulking about in shadows for a while now.

But a Bet365 payout has just utterly baffled me.

I lay 50c reverse forecast on the 6.50 Tipperary today. On 1/2 shot and 11/4.

Got 2c profit from my £1 stake.

That can't be right can it?

How much do the other odds affect things and amount of runners? They were top two but not massive faves.

Ta

Steve

[Win2Win]

Tote Win: 1.40 Tote Place: 1.02,1.02,1.02
Straight Forecast: 2.03 Exacta: 2.10

Yep... that's about right ... Bask in the glory of taking something off the bookies

It's the way the formula 'fiddles' (bookies prefer the word 'adjusts') the resulting payouts, especially if you have an odds on horse, and especially when the 1st/2nd Favs are pretty much the onely horses in the race.... still a sad payout though.

I once got £1.20 back on a £1 Placepot .... the meeting was cancelled after the first race though

[SteveyC]

Geez, thats sux immense ass.

[mathare]

There does look to be something wrong with those dividends as 3rd place was a 66/1 runner and that still only paid 1.02 for the place.

[Win2Win]

In future do the Exacta as it beats CSF most of the time

With the CSF & Exacta looking correct Mat, the only thing I can think of for the Tote Places is that no money was in the pool.

[mathare]

With the CSF & Exacta looking correct Mat, the only thing I can think of for the Tote Places is that no money was in the pool.

That's what I was wondering. 1.02 is the guaranteed minimum payout and for that to be the dividend on all three places is unusual to say the least.

[TheOldhamWhisper]

Pool betting is irrespective of SP.

The US have a similar system and the minumum payout is around 5% (i.e. $2.10 to a $2 stake). If there is significant weight of money on one or two of the finishers, the 'show' dividend (even on a 100/1 shot) will be only $2.10 as the pool is split evenly amongst all winning tickets.

By the same system, a losing 1/9 shot (out of the frame) will often have so much money wagered the the dividends for place and show will be significantly higher than win odds! (It has been known for a 5/2 second favourite to pay $7 for the win, $20 for the place and over $80 for the show!)

[mathare]

Those dividends suggest either very little money in the pool or a huge number of winning tickets though. 1.02 about a 66/1 shot placing is very low. There was an odds-on fav and another well fancied runner who finished 1st and 2nd (and would have been expected to do so) so the third place was up for grabs and for an outsider like that to only pay minimum place dividend is unusual no?