[AusRace] Dead Heats On Betfair

[R Aldridge]

Hi Laurie,
Thanks for that.
So if I understand you properly $100 lay at 10/1 which dead heats the 
layer has to pay out to the odds of 10/1 but the lay stake is  halved.
So now the lay is $50 at 10/1 instead of $100 at 10/1?.
So in my example from yesterday $10 lay at $6.5 becomes $5 lay $6.5 = 
5.5 x 5 = a pay out of $27.5?.
I notice in this example the lay amount is below the Betfair minimum 
of $6, but it would be allowed in these rather rare circumstances.

Robert




At 02:02 AM 10/2/08, you wrote:
>Hi Robert
>
>Been out all day at a motor show..cars bore me but it's entirely the opposite
>for my son...at least one of us considered it was a great day out so you can't
>complain too much LOL
>
>re DH I'll assume it is kosher as it is on the TAB site that way. Assume their
>site's code can't handle a DH
>
>Betfair would do the usual ie split the stake in half and pay out at the odds
>quoted.
>
>eg assume $100 laid/backed at 10/1
>
>Backer out $100 return $550 (50 at 10/1) profit $450 less commission
>
>Layer risk $1000 loss $500 (50 at 10/1) less return of $50 loss $450
>
>Laurie
>
>R Aldridge <ral16763 at bigpond.net.au> wrote:
>
> > Hi All,
> > I had a lay bet that won in a dead heat.
> > The Betfair Australian Racing Zone page had the selection as 2nd.
> > It was in Hobart race 1 number 6 Little Oro.
> > As I do not as yet have a Betfair account, I do not know what to do
> > with dead heats?.
> > The TAB's say it dead heated with number 13 Scribble Affair, but
> > Betfair has it as running second?.
> > Can some kind soul sort this mess out for me please?.
> > Robert
> >
> > _______________________________________________
> > AusRace mailing list
> > AusRace at it.net.au
> > http://home.it.net.au/cgi-bin/mailman/listinfo/ausrace
> >
>
>_________________________________________________________
>This mail sent using iTEL Webmail - www.itel.net
>
>
>_______________________________________________
>AusRace mailing list
>AusRace at it.net.au
>http://home.it.net.au/cgi-bin/mailman/listinfo/ausrace