<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
/* Font Definitions */
@font-face
{font-family:Helvetica;
panose-1:2 11 6 4 2 2 2 2 2 4;}
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0cm;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
p.msonormal0, li.msonormal0, div.msonormal0
{mso-style-name:msonormal;
mso-margin-top-alt:auto;
margin-right:0cm;
mso-margin-bottom-alt:auto;
margin-left:0cm;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
span.EmailStyle19
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:612.0pt 792.0pt;
margin:72.0pt 72.0pt 72.0pt 72.0pt;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-AU link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='mso-fareast-language:EN-US'>Tony & Co<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'>Try this explanation which dates back to around 2011 and was originally instigated by Dominic Beirne.<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'><a href="http://www.racingaustralia.horse/uploadimg/Deduction%20FAQ.pdf">http://www.racingaustralia.horse/uploadimg/Deduction%20FAQ.pdf</a><o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-US'>Mike.<o:p></o:p></span></p><p class=MsoNormal><span style='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 0cm 0cm 0cm'><p class=MsoNormal><b><span lang=EN-US>From:</span></b><span lang=EN-US> Racing [mailto:racing-bounces@ausrace.com] <b>On Behalf Of </b>chiron1@iinet.net.au<br><b>Sent:</b> Thursday, 12 October 2017 5:36 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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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-size:12.0pt;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></body></html>