Thanks for that .


However NEVER AGAIN on BETFAIR. Just today in 5 bets I got stiffed in over $2 worth of profit betting $1 on each horse. That is taking the LOWEST TOTE against the best on betfair. No thanks, one was an absolute dozzy $2.4 ws $1.56 best and I got $1.49 actually. AND on top of that I got the privelage of paaying 5% for the privelage which I didnt even count in this robery.

Betfair ??? Thanks but no thanks. I also noticed lately that the win prices are getting shorter, I give my tips to my mom and she bets best tote, I get $4.2 - 5% and she gets $5 ...... and this isnt an isolated event. Now that I stoped testing and Im starting to put bets on that count Im getting done, well no one is doing anything to me Im letting the percentages roll away which isnt the way to make a profit.

Michal

Can I assume the races for the places were horses that ran 2nd or first and the tabs only paid out 2 places ? ie NTD ? Betfair woiuld have paid out if your horse had run 3rd as well. So in the unlikely case it ran third you would have still woin whereas on the totes you would have lost.

People usually get upset of this but are not exactly checking how many placings are being paid out.

If it was a race with at least 8 runners ... well then you got stiffed.

Good Luck.

Wesmip,


The really big discrepancy you are correct it was in a 7 field race. Are you telling me that in a 7 field race they still pay out on third div? If that is the case I didnt know that in which case I am a bit less chesed of as those would have been fairly fair divs for 3 place getters.

Michal

If you touch one of the buttons on the place screen (back or lay) the site immediately indicates how many places will be paid. Has something to do with when starters are scratched as I understand it.

The other thing I feel you should think about is that you do not have to accept the price indicated. If the race is showing "Hairy Legs" at $1.80 for the place, you can indicate (say) $2.02 and you might be surprised how often it will be taken up. It depends a lot on when you are placing your bets --- and sometimes, of course, it will not be taken up; but you can change the bet right up until the time of the off. (It would be so much simpler if they provided some sort of count down clock as many of our tote sites do.)

Countdown blastoff
 

The tote facility at Betfair has a clock that is usually a minute or so behind REAL Time.
Many times I've lost good winners because of that darn clock made me late getting my last minute bet on.
I have saved money on occasions as well, but the terrible feeling of not backing a winner is terrible and pretty much ruins the whole day.

The Betfair people said they have no control over when the race starts, but I didn't query them about that.
The people that man the query lines are just people and not well trained in the information.

Well yes in some cases. If the race had 8+ starters before scratchings then yes it is gong to pay out places. If it only ever had 7 or less runners then it pays out 2 places. Easiest way is to check the Rules for each market and it will tell you for that race.

good Luck.

Hi M,
That time difference can be fixed by adjusting your computer clock by one minute or so.

Time remaining is usually compared to ones computer clock.
So adjust accordingly.

Another way to see if either 2 or 3 placings are going to be paid, is to look at the market percentage at the top.
If its showing 200%+ means only 2 placings
300%+ means 3 placing being paid.

And in some very large races like they have in the UK 400% for 4 placings

Cheers.

Some interesting posts here regarding place betting which is what I went through sometime back when investigating place betting.

Since Jan have successfully punter the place. Lower strikerate than yourself Michal but higher div. So basically backing longer priced horses.

The question of where to bet the place is an important one as it determines your method of staking. Fixed price versus tote price.

In case you're not aware of the Aust link Betfair is a good place to be checking past results and comparisons on raceday. And the advice is to spend time researching where you best price is and how to find it. Even if you can't backtrack your selection method at least have a look at those similarly priced horses in the market to see where the better price is generally obtained.

I agree the price seems to be at it's optimum around 1-2 mins prior to the jump, but the lack of a decent pool, esp for longer priced horses, on non Saturday turned me off.

I wanted to setup unattended betting via a bot but as mentioned issues with timing, jumptime etc ended up losing me. At least on weekday meets when I can't be watching betfair.

There are bookmakers who you can bet with placeabet.com.au/ but generally you have to find somone in the state/s you want to bet. Advantage of a bookmaker is that you're a better chance of getting a fixed odds bet on if you intend to base your staking around a certain price - which I initially wanted but found to many complications.


Best of three totes does seem the best via Sportsbet, Betchoice, Betstar etc.

I've freely plugged the thestakingmachine.com/ it gives you some free plans to look at - but you can also cheaply purchase their betting tool which lets you run your bets through the tool to analyse which method provides the best chance of success.

Best of luck