[AusRace] Deductions "Scam"

[L.B.Loveday]

" Still cannot get my head around why people bet with Corporate thieves".

 

Come on Ken, how can it be hard to understand that some people need to win
to make a living, and that some chose to do that by betting with "Corporate
thieves" or anyone else prepared to lose? 

 

25 minutes before the first of 54 Australian thoroughbred races today, the
BF "matched" [sic] total for the Place on all 54 races is $796, just $15
average per race, and bet/lay markets typically 400/200%, one even 700/166%.

 

To take an anomaly on a short-priced deduction, which I pointed out and is a
rare occurrence (but non-the-less should be rectified), to "prove" a point
and then extrapolate to  " But as usual across the board BF prices far
superior" by comparing the  9:38 prices after deductions with final BFSP
prices at 15:18 without a skerrick of evidence of what is "as usual",  ...
wordless. If you mean that the final BFSP is usually greater than the
after-deduction price paid by fixed-price bookies, of course that would be
so in these small numbers of occasions because of the unfairness of
deductions on short-priced horses; I thought DomB etal had fixed that, but
it does not seem so to me.

 

Here is a summary of Hobart Race 1 - 

 


tabno

	MBL

Final

	$648 

$1,234 

$1,553 

$1,724 

$2,119 

$3,805 

<<<<<Place "Matched" [sic]

Real BFSP

Bet Price

Amount

					
5 min

3 min

2 min

1 min

Start Time

Final

	6% commission

Race Time

available!!!!


1

	18.00 

21.00 

	31.00 

25.00 

17.00 

16.30 

27.50 

19.50 

<<<< BFSP

18.39 

18.00 

16.00 


2

	19.00 

21.00 

	27.80 

28.00 

30.00 

29.30 

34.50 

38.90 

	36.63 

16.00 

8.00 


3

1st

1.96 

3.50 

	3.15 

3.30 

3.25 

3.35 

3.75 

3.70 

	3.54 

3.65 

31.00 


4

2nd

1.57 

1.44 

	1.52 

1.30 

1.49 

1.46 

1.50 

1.51 

	1.48 

1.51 

13.00 


5

	1.91 

2.00 

	1.82 

1.97 

2.07 

2.06 

2.34 

2.38 

	2.30 

2.34 

32.00 


6

	14.00 

19.00 

	22.50 

22.80 

24.50 

24.50 

38.00 

30.00 

	28.26 

19.00 

23.00 


7

	5.00 

4.20 

	4.90 

4.90 

4.90 

5.00 

3.84 

4.88 

	4.65 

3.95 

16.00 


8

	3.20 

3.00 

	2.53 

2.79 

2.90 

2.75 

2.74 

2.76 

	2.65 

2.84 

5.00 


9

	3.90 

2.30 

	3.40 

3.38 

2.89 

2.72 

2.71 

2.62 

	2.52 

2.52 

38.00 


10

	7.00 

13.00 

	20.00 

20.00 

21.50 

21.30 

18.00 

18.50 

	17.45 

18.00 

14.00 


12

	8.50 

9.00 

	12.40 

10.60 

10.70 

9.90 

10.50 

8.60 

	8.14 

8.40 

8.00 


13

	21.00 

21.00 

	24.00 

23.00 

20.30 

20.30 

28.50 

30.50 

	28.73 

19.00 

8.00 


14

3rd

2.05 

2.35 

	2.43 

2.50 

2.54 

2.75 

2.74 

2.83 

	2.72 

2.74 

??.??

		
342%

330%

	311%

315%

307%

310%

300%

297%

	308%

313%

	

 

We know that liquidity is woeful - maximum amount that could be bet at
offered price at race-time is $38 (max you could get set for is $414, the
one case where it is >MBL), and final amount "Matched" [sic] just $3805. No
indication is given as to how much money is available for BFSP - what would
the BFSP have been on the fav #4 if someone had put $1,000 on at race time?
If you'd taken it at fixed price MBL time, you know you'd have got 1.57.

 

I chose this race to collect because it was the first for the day, and as it
turns out, the 1st and 3rd horses blew like the proverbial wind, so ended up
better on BFSP, but again I stress we have no idea what the liquidity is or
who audits the computation of final BFSP (who believes the 297%?). Why are
the final BFSP's wiped as soon as the race starts, and as far as I can find
out, are not available other than those of placing horses, so I have no way
of evaluating Ken's claim that " But as usual across the board BF prices far
superior" and unless I have access to source data, I believe nothing (nor
disbelieve anything).

 

LBL

 

From: Racing On Behalf Of Ken Blake
Sent: Sunday, 9 February 2020 10:15 AM
To: 'AusRace Racing Discussion List' <racing at ausrace.com>
Subject: Re: [AusRace] Deductions "Scam"

 

Len,

            Below Betfair place SP as opposed to New Place prices after
deductions race 2 Pinjarra

 

        Bookie   Betfair

 

1.	3.4       5.24
2.	3.4       4.19
3.	1.76     2.25
4.	SCR
5.	1.56     1.9
6.	2.4       2.14
7.	3.75     6.0

  

(commission not deducted) Only 1 inferior price

 

But as usual across the board BF prices far superior.

 

Still cannot get my head around why people bet with Corporate thieves.

 

Ken

 

 

 

From: Racing [ <mailto:racing-bounces at ausrace.com>
mailto:racing-bounces at ausrace.com] On Behalf Of L.B.Loveday
Sent: Saturday, February 8, 2020 7:47 AM
To: 'AusRace Racing Discussion List' < <mailto:racing at ausrace.com>
racing at ausrace.com>
Subject: [AusRace] Deductions "Scam"

 

Pinjarra Race 2 today had #4 scratched when it was 1.80 the Win pretty well
across the board.

Both Sportsbetting and TopSport declared deductions of 37% for the Place.

Taking Sportsbetting's pre-scratching market, it's 246%, pretty typical.

 

BUT, after deducting 37%, it becomes 267%, highlighting the unfairness of
the deduction.

Sportsbetting then put up a new market, at 248%.

How would you feel if you'd put $435 on #5 at 1.92, saw it reduced to a
payout at 1.21 only to see the same bookmaker immediately offer 1.56?

 

	
Original

After 37%

New Place 


TAB

Place Price

Deduction

Price


1

5.90 

3.72 

3.40 


2

6.10 

3.84 

3.40 


3

2.55 

1.61 

1.76 


4

1.29 

		

5

1.92 

1.21 

1.56 


6

3.65 

2.30 

2.40 


7

6.10 

3.84 

3.75 

				
	
246%

267%

248%

 

 

LBL

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