Betfair Best Of Four

[Chrome Prince]

Betfair is making it even easier to get a great price before you hit the track with Tote Extra.

Tote Extra is available on all Australian racing markets for thoroughbreds and in the coming days will be available on harness and greyhound meetings. No commission is payable on winnings and there's no waiting for your odds to be matched.

Best of 4 gives you the best price of the three Australian totes and the official on-course starting price. Top Fluc delivers the highest broadcast odds from the on-course bookmakers when you bet prior to the first fluctuation.

This is a pretty good deal.
You not only get best of three totes, but best of totes and SP which does make a difference when you consider anomoly prices.
No commission.
Not going to be limited ever.
Harness and greyhounds.

Really this is a huge step, but they have left themselves wide open here to big hitters.
One can easily manipulate the dog pools and then hit them hard.
Of course there must be a tote rebate deal for Betfair, but I'd assume that as soon as Z and others hit, it's going to be limited very quickly.

This is exactly why bookies have specific rules about best tote.

[thorns]

Is that saying you have to bet before first on course fluctuation, or simply descibing top fluc and you can bet Best of 4 up to the jump?

[TheSchmile]

Hi Thorns,

I read it to be before the first on course fluctuation, not the jump.

The Schmile

[thorns]

Just a bit confusing I found (could be a case on Fridayitis)

Best of 4 gives you the best price of the three Australian totes and the official on-course starting price. Top Fluc delivers the highest broadcast odds from the on-course bookmakers when you bet prior to the first fluctuation.

There product is Best of four, but here they just talk about Top Fluc, not the other totes.

I'm thinking you will be correct though, seems too good to be true otherwise.

[TheSchmile]

seems too good to be true otherwise.

Yep, they'd most certainly take a beating if they offered Top fluc at the jump.

The Schmile

[Chrome Prince]

They offer top fluctuation before course betting opens and best of four up to the jump.
Still wide open to rort from the heavy hitters.

Hey Schmile, I think it was also Sean Connery who said right before a love scene....
"I apologise in advance if I get aroused, and I apologise if I don't."

Brilliant :D

[TheSchmile]

Hey Schmile, I think it was also Sean Connery who said right before a love scene....
"I apologise in advance if I get aroused, and I apologise if I don't."

Brilliant :D

Love it Chrome Prince!! :)

He has some absolute pearlers alright!!

LEGEND.

The Schmile

[Bhagwan]

Quote from Woody Allen.

I use to have a smoking addiction.
But only after sex.
I'm down to 20 a day.

[moeee]

I used to be constipated , but now I just don't give a sh**

[TheSchmile]

Found some interesting tidbits at:

BF Best of 4 info (http:////toteextra.betfair.com.au/bet_types.php)

PART B - GENERAL RULES

1. MINIMUM BETS
The minimum total stake for any bet placed on any product via the internet is A$0.50. The minimum spend for any multiple bet placed on any product via the telephone is A$50.

2. MAXIMUM PAYOUTS
Betfair Pty Ltd reserves the right to apply maximum payouts on Tote Extra markets. The maximum payout to any one individual or entity (or group deemed to be acting on behalf of an individual or entity) on any one race, will be limited to the following:

Thoroughbred - Australia

Top Fluc - maximum to win $20,000 with the balance to be placed at Starting Price

Best of 4, Best Tote and Middle Tote Win Bets - maximum to win $50,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $100,000

Best of 4, Best Tote and Middle Tote Place Bets -maximum to win $10,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $40,000

Tote Plus Win Bets - maximum to win $25,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Tote Plus Place Bets - maximum to win $5,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Harness and Greyhounds - Australia

Best of 4, Best Tote and Middle Tote Win Bets- maximum to win $25,000 - with the balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Best of 4, Best Tote and Middle Tote Place Bets- maximum to win $5,000 - with the balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Tote Plus Win Bets - maximum to win $25,000 balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Tote Plus Place Bets - maximum to win $5,000 balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Multiples

The maximum multiple dividend will be 5000

The maximum payout per multi (parlay) bet is $150,000

The maximum payout per round robin bet is $250,000


3. MARKET MANIPULATION

Betfair reserves the right to void any or all wagers made by any individual or group of people acting together (or on behalf of another individual or group of people) where Betfair considers, in its absolute discretion, that such conduct is an attempt to gain financial benefit through the manipulation of tote based dividends or official starting prices. This can include persons, relatives, organisations, bookmakers and their employees

Let the games begin....

[TheSchmile]

Just had a look a the Best of 4 offering and it looks similar to the corporates.

They're offering mid tote on Country gallops, dogs and trots.

Best of 4 only on Metro.

The Schmile

[Chrome Prince]

Well that changes the whole offer then.

3. MARKET MANIPULATION

Betfair reserves the right to void any or all wagers made by any individual or group of people acting together (or on behalf of another individual or group of people) where Betfair considers, in its absolute discretion, that such conduct is an attempt to gain financial benefit through the manipulation of tote based dividends or official starting prices. This can include persons, relatives, organisations, bookmakers and their employees

I would suspect that any sizeable bet would meet with a big fat "voided".

[TheSchmile]

I concur Chrome Prince,

There is also another clause that they can delete/void any bet at any time.

The Schmile

[garyf]

Would never take middle tote on anything just,
Ensures you never get a best tote ever on anything.

But that's just me.

If betting with the corporates almost all offer,
Best of 3 or s/p on metro races.

One offers best of 3 totes on all prov-country races,
Last time i checked.

Talking tote coverage here horse racing only.

Cheers.

[TheSchmile]

Hi garyf,

Agree that mid tote is a joke.

The Schmile