ivanthegreat 1,123 Report post Posted May 20, 2018 So RIVERTON gets called off , ok shit happens, but what about this. Took a $7 % quaddie on races 2 -5. Got the 1st winner which going by the fixed odds was 5/11 in the betting with even the trainer not giving it much show. pays about $8. I have the field in the next rung into the last legs. Meeting gets called off.......................... Q : How much of the $7 would you expect back. ?? I'll tell you after a few responses. Quote Share this post Link to post Share on other sites More sharing options...
6xes 699 Report post Posted May 20, 2018 assumedly you would get the full amount back... if there were scratchings that were in your selections after the bet was taken... would that not refund some of your investment? unsure orphanpete 1 Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 11.13.8 Abandonments (a) Where, after the scheduled start time of the first Quaddie Race, any Race in a Quaddie is abandoned, all Selections on that Race shall be deemed to be winners and the Dividend Pool will be divided on that basis. Paid it correctly according to what I can see. Quote Share this post Link to post Share on other sites More sharing options...
Pickel 45 Report post Posted May 20, 2018 Horse paying $7.50 fixed, $7.60 tote, $7.00 in the Quaddie. If you had two picks in the first leg you'd get back $3.50, if you had seven picks you'd get $1.00. Quote Share this post Link to post Share on other sites More sharing options...
Aaron Bidlake 760 Report post Posted May 20, 2018 Not sure if I read what you have written properly but if you had the field in all three of the un-raced legs you should get $1080 for $1 units. Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 $4.20 ........ Go figure. Am I sharing it with people that missed the 1st leg ? If I have all runners in the 2nd leg I have 2 winners as well yet I don't even get my dough back. Quote Share this post Link to post Share on other sites More sharing options...
6xes 699 Report post Posted May 20, 2018 were any of your runners scratched? after taking the bet? this might account for the missing money Quote Share this post Link to post Share on other sites More sharing options...
Aaron Bidlake 760 Report post Posted May 20, 2018 No, everyone who missed the first leg are out. How many horses did you have in each of legs 3 and 4? Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 12 minutes ago, ivanthegreat said: $4.20 ........ Go figure. Am I sharing it with people that missed the 1st leg ? If I have all runners in the 2nd leg I have 2 winners as well yet I don't even get my dough back. What % did you have Ivan? Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 I think it was 5% but is that relevant ? Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 9 minutes ago, ivanthegreat said: I think it was 5% but is that relevant ? so you had field in leg 2? how many runners did you have in legs 3 and 4 Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 F:F:1:1 Cost $7 for 5% Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 12x1x1 =12 x $7 x 5% = $4.20 Chameleon 1 Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 3 minutes ago, barryb said: 12x1x1 =12 x $7 x 5% = $4.20 I don't understand the formula above. It implies I get a % of my own money back. No benefit for the 1st leg winner ? After all they expect those that lost on the 1st leg to forfeit all. Maybe the winning dividend in race one should be included somehow ?? Also the fact that I have the 2nd winner as well ? I don't really give a monkey's but its the principle isn't it . Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 Ivan its rather straight forward. The total dividend was $7 for 1 combo, you had 12 of them, but at only 5% each. = your $4.20. Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 I will use a different knife this time.............. Soooooooooooo a $7 investment that appreciates in value by the amount those that missed the 1st winner by needs a refund because the races are called of. I expect a minimum of my investment back + some % of what the losers lost on the 1st leg. Where did their money go ? O'h did I really ask that F@#$%&# question. Quote Share this post Link to post Share on other sites More sharing options...
tonkatime 323 Report post Posted May 20, 2018 1 minute ago, ivanthegreat said: I will use a different knife this time.............. Soooooooooooo a $7 investment that appreciates in value by the amount those that missed the 1st winner by needs a refund because the races are called of. I expect a minimum of my investment back + some % of what the losers lost on the 1st leg. Where did their money go ? O'h did I really ask that F@#$%&# question. How many runners did you have in the first leg? Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 Tonkatime................Field. BarryB has given the TAB's interpretation of the refund , I choose to question it. A bare minimum would surely be money back ? Quote Share this post Link to post Share on other sites More sharing options...
tonkatime 323 Report post Posted May 20, 2018 4 minutes ago, ivanthegreat said: Tonkatime................Field. BarryB has given the TAB's interpretation of the refund , I choose to question it. A bare minimum would surely be money back ? Barry’s formula makes perfect sense to me. My thinking would be the total spend is irrelevant as that includes 14 losing combinations. We're Doomed 1 Quote Share this post Link to post Share on other sites More sharing options...
Aaron Bidlake 760 Report post Posted May 20, 2018 6 minutes ago, tonkatime said: Barry’s formula makes perfect sense to me. My thinking would be the total spend is irrelevant as that includes 14 losing combinations. 108 losing combinations Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 38 minutes ago, ivanthegreat said: Tonkatime................Field. BarryB has given the TAB's interpretation of the refund , I choose to question it. A bare minimum would surely be money back ? No, for the reason there would be plenty who have made a nice profit from the outcome. Your problem Ivan is you had far too many combinations for the small investment made giving you a very small %. Its such a poor return when you take tiny % that its not worth the effort. If it pays $1000 you collect $50 for all the hassle you went too looking through 4 races & then its highly unlikely that you are still alive after the 4 races. When all as you needed to do was find 1 $7 winner for the same outcome. You would be far far better taking 3 $5 Horses in a $10 % any 2 Multi, if all 3 win you get $500 if 2 win you get $62.50. A lot more likely than you striking a $1000 quaddie to win $50. porky, We're Doomed and tonkatime 3 Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted May 20, 2018 No, for the reason there would be plenty who have made a nice profit from the outcome. WHO ? Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 1 minute ago, ivanthegreat said: No, for the reason there would be plenty who have made a nice profit from the outcome. WHO ? Are you serious Ivan? You are taking the piss aren't you? Anyone who didn't have so many combos like you did. You had far too many for the small % you took Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted May 20, 2018 Here's a little tip for you Ivan, taking field combinations in Quaddies, Trebles, & Doubles means that many of the runners you have selected are going around at chronic unders for you. Why? Because you have the same stake on all of them regardless of what the price is. ie: you had 5c on your 120 combinations regardless of what price the horse was. PS: Ivan you also lost 0.8c on each combo as well. as you actually had 5.8c per combo but as they round down you lost .8c per combo. If they had paid out your 5.8% you would have collected $4.87 Had you have spent an extra 20c you would collected a full additional %. Quote Share this post Link to post Share on other sites More sharing options...
Kloppite 314 Report post Posted May 20, 2018 You took 11 horses in the first leg and the winner paid $7 odd and you're wondering why you lost money? barryb and lecithin 2 Quote Share this post Link to post Share on other sites More sharing options...
