betfair place market how many paid

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betfair place market how many paid

Postby bolpx001 » Tue Jan 25, 2022 12:49 am

H
How does betfair calculate the number of horses to pay out on in a place market. Normally in a bookies office, in a 5 horse race the first two get paid and in an 8 horse race its the first 3 that get paid how does betfair calculate the numbers
any help as always appreciated
best regzards
Paul
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Re: betfair place market how many paid

Postby alrodopial » Tue Jan 25, 2022 7:37 am

Almost the same way bookies do
The diff is that it doesn't reduce the number of paid places in the case or NR AND change in the number of actual runners from:
5-7 to less than 5
8-15 to less than 7
>=16 to less than 16 (hcp races)

This number is calculated based on the declared number of runners in the race
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Re: betfair place market how many paid

Postby alrodopial » Tue Jan 25, 2022 7:39 am

"in the case of NR"
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Re: betfair place market how many paid

Postby bolpx001 » Tue Jan 25, 2022 4:22 pm

Thanks alrodopial, as always you're a star.
Iodds had a look at the betfair sportsbook and they were saying
runners 5-7 odds 25 pay first two
runners 8+ odds .2 pay first three
runners 12-15 odds .25 handicap pay first three
runners 16+ handicap .odds 25 odds pay first four
Obviously with an exchange the odds as a percentage of SP or BSP don't matter in the place market but given that they dont reduce the number of places paid as the bookies do I wondered if there was a differance but couldn't find anything to confirm or deny anywhere. So thank you very much for your help with this.
best regards
Paul
bolpx001
 
Posts: 294
Joined: Sat Nov 19, 2005 4:30 am
Location: Dublin, Ireland


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