A Gentleman's Guide to Calculating Winning Bets: A Racing - download pdf or read online

By Graham Sharpe

ISBN-10: 1843440377

ISBN-13: 9781843440376

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Additional info for A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner

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10 (10⁄11th) of your winnings. 00. If the bet loses you will not be asked to make up the difference. Too Few or Too Many Selections Another error made from time to time is to add an extra selection or forget one. e. , a non-runner is added to make up the correct number of selections. For instance in a Yankee if the selections nominated are A B and C, a non-runner is added for the fourth selection. Settlement is then identical to the example given in our explanation of non-runners. Where an extra selection is inadvertently added, then the number of bets is usually adjusted to equal the total number of selections.

In other words, instead of then paying out a fiver for every fiver taken, the bookie would stand to make a profit of 25p in every fiver. Of course, if the bookie wasn’t clued up he may offer 11/10 against both Heads and Tails, in which case he would be betting ‘over-broke’ to aproximately 5% and he’d pretty soon be out of business. By using this table and calculating to what percentage a bookmaker is betting on any given event you can deduce for yourself whether his profit margin is reasonable or greedy – it may influence your decision as to whether to have a bet.

12. In the event of a race being ordered to be run over again, or of a false start or breakaway, starting price bets shall be regulated by the price current at the time of the original ‘off ’, false start or breakaway. All bets in favour of any horse which started on the first, but did not go to the post on the second occasion in the case of a race run over again, or in favour of any horse not returning to the post (by permission) in the case of a false start or breakaway are lost, except when such a horse has not come under starter’s orders .

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A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner by Graham Sharpe

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