[AusRace] FW: From the archives - 14 observations on the punt

[L.B.Loveday]

No, definitely No. I clearly stipulated " Betting to MBL limits".  Under MBL
a bookmaker is obliged to accept bets to lose 1000/400 (viz I win 1000/400).
No matter what price I get, I win 1000/400 if I bet MBL limits. I got
6.00/1.80, so could, and did, bet 200/500 and won  1400. If I'd taken
3.00/1.50, I'd have been able to bet 500/800 and win 1400; if I'd taken
1.5/1.10, I'd have been able to bet 2000/4000 and win 1400. But I "never"
bet at those short prices. Price about winners when betting MBL limits is
thus irrelevant. 

 

If the horse was unplaced, I'd have lost $700; if I'd bet MBL at 3.00/1.50,
I'd have lost 1300; if I'd bet MBL at 1.50/1.10, I'd have lost 6000. Prices
about losers matters.

 

I wish I could level stake every bet,  but that's sensibly impossible with
MBL  - eg 18/12 Armidale 2/1, I had $5 the win at 201.00, $25 the place at
31.00 (Sportsbet allows $25 at any price and to $500 rather than MBL $400
the place unlike the more gutless wimps at BetZero who cling to MBL like
it's a life-jacket) and same day 90/100 Morn 1/5 at 12.00/3.10 and $33 win
only at 31.00 Armidale 3/8.

 

 

From: Racing <racing-bounces at ausrace.com> On Behalf Of Race Stats
Sent: Saturday, 29 December 2018 1:04 AM
To: AusRace Racing Discussion List <racing at ausrace.com>
Subject: Re: [AusRace] FW: From the archives - 14 observations on the punt

 

(Snipped) 

"(2) Betting to MBL limits it matters not what price you get about winners -
if I'd bet at SP, 2.00 and, say, 1.20, I'd have had to outlay $1000 win and
$2000 place, but win the same. What matters is what price you get about
losers. Of course we cannot know which will lose or we would not bet them,
so long-term it is very important to get the best price you can about every
horse you back."

 

Hi Len,

I'm somewhat befuddled by your statement above.

a.	Isn't it logical that it doesn't matter what price you get about
losers, but what is important is what price you get about winners?
b.	In your example: Horse Wins - you win $1000 for the win bet and $400
for the place, how can you win the same?

Lindsay.

 

 

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