Betfair Question

[Sandman]

Today i had a 11.0 winner, Thanks to Keith, and it finished first, dead heat with another horse.

Betfair only paid out half.

Is this because it was a dead heat? Would other bookmakers have done this?

Selection Odds Stake (GBP) Bid type Placed Matched (GMT) Profit/loss (GBP)
Silent Times 11 2.50 Back 09-Sep-05 08:49 09-Sep-05 10:45 11.25

I am a little confused by this.

:doh

[presto]

betfair is correct in only paying out half.
bookmakers do the same.

[vegyjones]

In a dead heat situation Paul,

It is treated as you half won and half lost,
so only half is settled! The other half of your money is deemed to have lost!

[mathare]

A bet on a horse that dead heats becomes a half win-half lose bet.

Half stakes win at the odds taken (or SP if you struck the bet at SP) and half stakes are retained as a losing bet

[Sandman]

Oh.
Ah well....

With the EW part of the bet being unmatched, this has hurt my feelings! That was the first unmatched bet I have had. Too much to hope for it to have happened on a losing bet!

It also trashed my spreadsheet!!

Shouldn't complain. All good fun!

[Sandman]

Oh... and thanks all for the prompt replies.

[wb]

Shouldn't complain. All good fun!

yeah, you are right. I done that horse too. at least its a win, even if it is only half. :mover

not a bad day for the free site, thanks keith! :)

[tophatter]

Look at it like this lads, you got over 5/1 on a horse that did not win. Thats a fine result :)