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Profit Seeker
26th August 2005, 22:08
The other day one of Keith's tips said to bet a place on the exchanges to guarantee a 16 runner pay out, ie 4th place pays. So does this mean if you bet a place and 16 runners become 15 or less, you still get paid for the 4th place?
mathare
26th August 2005, 22:16
On Betfair, yes
Profit Seeker
26th August 2005, 22:43
How about if you place the place after the non runners are announced?
presto
26th August 2005, 22:48
the ammount of places never change (from thoes stated in the rules). if there is a NR a reduction factor will be applied.

also - if the ammount of runners is equal to the ammount of places offered market is void.
presto
26th August 2005, 22:50
betfair rules:
......................................
3 to be placed

Horse Racing Rules & Regs apply to this market. NON RUNNERS DO NOT CHANGE THE PLACE TERMS. This market will be settled on the official result - horses running for purse only will be scratched. THIS BET IS FOR A HORSE TO PLACE 1st, 2nd or 3rd. Horses are NOT COUPLED. Should the number of runners equal the number of places available all bets will be void. Dead heat rules apply. Betfair Non-Runner Rule applies.
Profit Seeker
26th August 2005, 23:05
Ta muchly
Win2Win
27th August 2005, 08:37
That's the bonus with Betfair. The other day you could bet Place only in a 7 runner race the first 3 :)
Profit Seeker
27th August 2005, 12:40
That's why I asked. Pearl's A Singer was 3rd yesterday in a 7 runner race after 1 non runner, so I could add it to my huge profiting place figures in my trial Ooo
Roberto
27th August 2005, 12:44
How about if you place the place after the non runners are announced?I believe the underlying basis is the number of runners at the stage of the overnight declarations. If there were 16 then - in a handicap - there are 4 places paid whenever you place your bet. (This partly explains the occasionally huge differences between Betfair place odds and those at the bookies.) But it's easy to check, if you click on the "rules" tab of any Betfair place-betting screen, the number of places paid is displayed at the top of the text.
Profit Seeker
27th August 2005, 13:57
Time to take advantage. The 2.05 is down to 7 runners, I've gone Bahamian Pirate for the place 2/1
Profit Seeker
27th August 2005, 14:07
:Blacklist
Win2Win
27th August 2005, 16:50
Your not actually taking advantage of anything really, as the market then gives the true odds for the first 3 in a 7 runner race, which are lower than 3 from 8.
presto
27th August 2005, 16:57
just my oppinion but, finding long priced horses in 16+ runner races, where they dont have a chance of winning, but have a chance of comming 2-4 (at quite long odd's) may be worth a look.
Win2Win
27th August 2005, 18:32
Dutching Place only on the outsiders can be profitable.