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BET 365 vs Ladbrokes Deductions
West Australian Racing
detonator
4,360 posts
Backed Emeralds today at Canterbury on both Bet 365 and Ladbrokes.
Put the bets on yesterday, for win and place at roughly the same time and overnight a horse got scratched and there was obvious deductions.
The amount of the deductions were vastly different between the two corporates.
Is this the norm ?
I thought that the formulas for the amount to be deducted should be the same.
For example.
Bet 365 place I took $1.57 and got paid effectively $1.53
Ladbrokes place I took $1.55 and got paid effectively $1.44
I am no maths genius but is one of these companies taking the pizz or is there some logic ?
Comments
7% of 1.55 = 11 cents so the Ladbrokes figure looks right, it looks like Bet365 have not applied a big enough deduction? Thats my best guess but it looks like you have benefitted Det.
I'm off to check my one today for Play Hard at Belmont, place prices weren't comparable tho but i will have a look anyway.
I had Play Hard @ $5 the Place with Bet365 put it on 10.30am yesterday.Aragain came out and the deduction is stated as a hefty(shitty even) 21 cents, actual deduction was to 4.16 which is just under 17 cents..adjusted for price drift? I think so but still too high though.
As a comparison had the same bet with Sportsbet at a way better $6 the place and they only applied a 12 cent deduction to 5.28.
So in essence i got a 20% bigger price yet almost a 30% lower deduction..ugghh @bet365 you possibly suck @-)
But, you faired better with them than Ladbrokes whose deduction works out correctly at 7% where Bet365 it works out at a 2.5% reduction give or take?
I'm used to the straight percentage deduçtion of the price taken.Bet365 may be the only one i know that does it differently and in your case more fairly.
Thunderstruck likes this post.
Ah Yep gotcha now i had 21% of my profit deducted with them.
Not sure i was much help lol but i think u got a better post scratching deal with the final Bet365 divvy.
Thunderstruck likes this post.
I actually got hit again later when Weaponson came out too..nevermind we shall suit up again and try and beat them again tomorrow! Or Saturday..
Thunderstruck, Gilgamesh likes this post.