Betting Percentages Chart

[Punk Rooster]

[mighty_tiger_79]

now thats what i needed, i always get confused adding it up in my head!!!!!!!!!!!!!!!!!!!

good work PUNKY

[Dissident]

I don't quite understand that (novice) - anyone care to explain ?

[mighty_tiger_79]

well basically if you do markets on a race where it be dogs, trots, gallops etc, you should work out the % to be around 115% - 120% which is what the TAB bets.

now the table shows you how much percentage each price is

eg $2.00 is 50% so to get a return of $100 you need $50 which is the percentage - 50%

you go through the field and work out how much money you need on every runner to get a $100 back and the percentage should add up to around 120.

eg

1 - $2 - 50%
2 - $5 - 20%
3 - $10 -10%
4 - $10 -10%
5 - $30 - 3%
6 - $20 - 5%
7 - $9 - 11%
8 - $6.50 - 15%

the % = 124 to get back $100 on this race you would spend $124 and back every runner. the percentage = how much money is required to get back $100.

hope that helps

[Punk Rooster]

Percentages are calculated as follows...
100/x = % (x=$ value)

North Adelaide are $1.30 this week-
100/1.3=76.92%
Port Adelaide are $3.20
100/3.2=31.25%
therefore the match %= 76.92+31.25=108.17

If a Bookmaker holds a balanced book ($7692 on North to win & $3125 on Port to win), then he holds $10817 on the event, yet his payout figure (either way) is $10000- he profits $817 (or has an advantage of 8.17%) whatever the result.

As a punter, if you have a 2 horse race, & the % is less than a 100, you can back both outcomes accordingly & not lose.
Ie Tasmania v New Zealand both are $2.50 (40%)
$40 on each results in a return of $100, so really, your getting 100/80 either way

Mal may explain it a bit better, but that's the guts of it-
Bookie must have his %'s over 100
if it's under, the Punter has the advantage.

[redwhiteandblueblooded]

Jeez I never thought punting was so complicated!

[gadj1976]

guys and gals, thanks for providing the explanation for this. I was sitting next to a loudmouth at the TAB, and Hilton Donaldson said that the bookies were betting 45% so "get on the TAB". The bloke next to me said that they should take their f'ing licences away and I had absolutely no idea what he was on about. So I politely nodded and grinned.

So now I can nod and grin WITH KNOWLEDGE that they are ripping us of!

[Theo Bromac]

Is there anyone care to fax the chart to DAMAGERELL so he can stop robbing the punter .It s probly the reason he rarely write a ticket out at the trots .

[jackpot jim]

P.D. Must Be Getting an Appearance Fee to be at the Trots as how else would he be making money there ???
Bets 150 - 160% on local Trots and Doesn't bet on interstate anymore.
He would be lucky to write 50 bets a meeting.
Geez, If i was the Bookie there, I'd be Betting Win, Place, E.Way, Concession, Fav Out, Interstate Trots and Dogs and Afterwards would be Down in the Bar offering a service on England Races and Bunbury Trots.
i.e. I'd Be PROVIDING A SERVICE to the punters like they used to get 20 years ago.
No Service = No Punters = No Bookies

[Dog_ger]

OMG......

[stampy]

me thinks he talk shite