Title: reduction factor on related markets when having a double Post by: gouty on October 06, 2010, 01:13:08 PM ok i understand rooney FG and man u 1-0 is related and odds cut accordingly. how about this?
633 runner poker tourny a woman on final table 6/1 winner is over 30 at 7/2 the bet has copped for 4725 euro and the bookie reckons they are related tried to pay me 2850 which i refused. opinions please? Title: Re: reduction factor on related markets when having a double Post by: The Camel on October 06, 2010, 01:21:15 PM Absolutely outrageous.
How the eff can that be related? Title: Re: reduction factor on related markets when having a double Post by: The Camel on October 06, 2010, 01:23:32 PM Which tournament was this?
7/2 about a 30+ winner for any live tournament is ridic value. Title: Re: reduction factor on related markets when having a double Post by: doubleup on October 06, 2010, 01:26:59 PM Absolutely outrageous. How the eff can that be related? If all the women entrants were over 30? Title: Re: reduction factor on related markets when having a double Post by: AndrewT on October 06, 2010, 01:28:57 PM Was this the 'Geeky Internet Kidz and their Mums' EPT side event?
Title: Re: reduction factor on related markets when having a double Post by: The Camel on October 06, 2010, 01:29:44 PM Absolutely outrageous. How the eff can that be related? If all the women entrants were over 30? that would make the 6/1 worse value though. Title: Re: reduction factor on related markets when having a double Post by: ACE2M on October 06, 2010, 01:36:29 PM on the face of it its fine but a lot of bookies go singles only about anything like that.
more detail req Title: Re: reduction factor on related markets when having a double Post by: Marky147 on October 06, 2010, 01:39:11 PM Ladbrokes tourney in Killarney Keith, a couple people I know had bets on those markets too.
I think they were told that the 10 handed final which Val made wasn't the official final and for the purpose of the bet it was 9 places. Title: Re: reduction factor on related markets when having a double Post by: gouty on October 06, 2010, 01:52:20 PM 10 final from 9 was 10p r4 which is fair enough.
if the whole final table was ladies only the over 30 market prices would not be affected imo. Title: Re: reduction factor on related markets when having a double Post by: gouty on October 06, 2010, 02:29:20 PM keith i sent you a pm
Title: Re: reduction factor on related markets when having a double Post by: gatso on October 06, 2010, 02:34:44 PM 100% they are related unless the % of men and women over/under 30 is exactly the same
but it's gonna be pot luck whether it benefits you or the bookie and to pay out that much less is outrageous have you asked them for their reasoning? Title: Re: reduction factor on related markets when having a double Post by: gouty on October 06, 2010, 02:47:35 PM 100% they are related unless the % of men and women over/under 30 is exactly the same may i ask for your reasoning?but it's gonna be pot luck whether it benefits you or the bookie and to pay out that much less is outrageous have you asked them for their reasoning? where is the relation? Title: Re: reduction factor on related markets when having a double Post by: StuartHopkin on October 06, 2010, 02:54:40 PM 100% they are related unless the % of men and women over/under 30 is exactly the same may i ask for your reasoning?but it's gonna be pot luck whether it benefits you or the bookie and to pay out that much less is outrageous have you asked them for their reasoning? where is the relation? His reasoning is that you may have known that proportionally theyre were more over 30's women than men Title: Re: reduction factor on related markets when having a double Post by: ACE2M on October 06, 2010, 02:55:18 PM Did you place it online? if yes then they should man up.
Title: Re: reduction factor on related markets when having a double Post by: gatso on October 06, 2010, 02:59:12 PM 100% they are related unless the % of men and women over/under 30 is exactly the same may i ask for your reasoning?but it's gonna be pot luck whether it benefits you or the bookie and to pay out that much less is outrageous have you asked them for their reasoning? where is the relation? the actual odds of the double change with each new entrant depending on their age and gender. no way the bookies can allow for that though however if they look back once entry is closed and see a lot more over 30s/women/both they may feel they're justified in making a deduction. not that I agree it's right as they'd def not do it the other way if less over 30s or women bought in Title: Re: reduction factor on related markets when having a double Post by: gatso on October 06, 2010, 03:07:09 PM actually, I now don't like my reasoning. I'm more arguing for something similar to a rule 4 if the field has changed from that which they thought they were pricing. in order for that to be true they'd have to also be applying deductions to singles rather than claiming the bets are related in your double
Title: Re: reduction factor on related markets when having a double Post by: gouty on October 07, 2010, 09:32:42 AM actually, I now don't like my reasoning. I'm more arguing for something similar to a rule 4 if the field has changed from that which they thought they were pricing. in order for that to be true they'd have to also be applying deductions to singles rather than claiming the bets are related in your double yes thats the way i see it toowhen we were p1ssed up in hotel in ireland we did the fomula and it came to 0.4% related if the same woman made the final and won and was also an old boiler....now we are sober we cant remember how we worked it out lol. anyway decision day is today...wish us luck. thankyou all for your input. al Title: Re: reduction factor on related markets when having a double Post by: thetank on October 07, 2010, 11:13:13 AM It's perhaps a simplification to suggest that it's only to do with the numbers of women from each age bracket who entered. A lot could rest on their realtive ability.
It's possible that over 30s women outperform their younger counterparts in a way which over 30s men do not. Title: Re: reduction factor on related markets when having a double Post by: gouty on October 07, 2010, 11:28:40 AM It's perhaps a simplification to suggest that it's only to do with the numbers of women from each age bracket who entered. A lot could rest on their realtive ability. poker only please! weeeeeeeIt's possible that over 30s women outperform their younger counterparts in a way which over 30s men do not. Title: Re: reduction factor on related markets when having a double Post by: gouty on October 07, 2010, 04:51:14 PM ok we have a decision remember the bet E150 double placed on fri before the tourny starts.
no double according to their rules on special markets. they will settle 75 at 6/1 and 75 at 7/2. we prob lost 2 grand in that betting shop over that weekend. Title: Re: reduction factor on related markets when having a double Post by: ACE2M on October 07, 2010, 05:07:29 PM ok we have a decision remember the bet E150 double placed on fri before the tourny starts. no double according to their rules on special markets. they will settle 75 at 6/1 and 75 at 7/2. we prob lost 2 grand in that betting shop over that weekend. i did ask you if you had placed it online, you haven't got a leg to stand on if you placed in a shop. |