3rd May 2017, 05:17 PM
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Member
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Join Date: Sep 2011
Posts: 1,474
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Do you understand how the market is worked out. You get back half your stake (Essentially it only gets half the bet).
So had you bet a $10 place getter and you bet $100 on it it runs a dead heat you would get back $50 * $10 = $500 (Profitable).
But you bet on something under $2 (say $1.80) so the dead heat rules screws you. So it worked out to be $50 * $1.80 = $90 (Loss).
The full explanation and reasoning is below. Seems fair enough to me. Knowing the rules before you enter a market needs to be factored into what you do when working out if the odds are value or not.
https://en-betfair.custhelp.com/app...-a-dead-heat%3F
Quote:
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Our Dead Heat rule gives the same payout as if a customer were to bet in a betting shop or online with a traditional bookmaker. The reason that some backers feel this is not the case is because they forget that in a betting shop, they hand their stake over the counter and the amount returned includes the winning half of the stake. On Betfair, they have not paid the losing half of the stake to the layer up front so their profit / loss shown on the statement needs to reflect this.
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