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</o:shapelayout></xml><![endif]--></head><body lang=EN-AU link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:black;mso-fareast-language:EN-US'>Tony<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><a href="https://www.tabtouch.com.au/tabcontent/documents/pdf/TAB-Fixed-Odds-Racing-Deduction-Schedule.pdf">https://www.tabtouch.com.au/tabcontent/documents/pdf/TAB-Fixed-Odds-Racing-Deduction-Schedule.pdf</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>shows the schedule of deductions for varying win odds, and there is a variation for 2<sup>nd</sup> and 3<sup>rd</sup> shown<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Why there is the variation it doesn’t say - and there does not seem to be a ready explanation on their website.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>A web query will get answered by them in two working days.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Otherwise, trust you are well and retired? – time to fire up RatingsWest as an interest?<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Cheers<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>TonyM<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'> Racing [mailto:racing-bounces@ausrace.com] <b>On Behalf Of </b>chiron1@iinet.net.au<br><b>Sent:</b> Thursday, October 12, 2017 2:36 AM<br><b>To:</b> racing@ausrace.com<br><b>Subject:</b> [AusRace] Calculating deductions from payouts in cases of horses scratched at the barrier<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p><span style='font-family:"Helvetica",sans-serif'>Greetings ausracers. Long time no post. Was looking through recent postings </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>in the archive a few days ago. Ausrace is still collectively the best pool of knowledge </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>on all things racing. Have a question for the mathematically inclined, if anyone can help.</span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>Had a small successful punt at Belmont today which had to be reduced from the </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>face value because there was a scratching at the barrier. </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>The scratched horse (St Bel) was at approx. $11.5/12.0win when it was withdrawn </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>(shortly before start time). </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>My bet was with an on-course bookie and had a face value of $100 exactly (place bet). Post race the </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>winning horse WITH BOOKIES, was paid out less 8c in $1 for win and less 11c in $1 for place; </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>2nd horse was paid less 11c in $1 for place and 3rd horse less 14c in $1 for place.... as said, ONLY </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>WITH ON COURSE BOOKIES.</span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>Why the variation in rate for the 3rd place? </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>The TAB fixed odds service which I think is provided by William Hill, paid less 8c win for the winner</span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>and less 8c place for all 3 placegetters. </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>The fixed odds TAB prices (win and place) were very similar to the on course bookies' market.... literally only </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>very small SP variations. The answer is probably staring me in the face but I can't see why the place deduction </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>rate is variable instead of fixed for all 3 place dividends ala the TAB fixed odds figure.</span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>The 3 placegetters were (memory) at PLACE ODDS of $2.50, $2.70, $5.00 PRIOR to the scratching.</span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> <o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>Anyone? </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p><p><span style='font-family:"Helvetica",sans-serif'>Regards, Tony </span><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'><o:p></o:p></span></p></div><div id="DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2"><br />
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