PSnug 4-Point 80/20 Selections
Todays bets: all 80/20 with back and place odds I've bet at - Southwell 2.35 Capla Spirit 3.9 1.97, 3.05 Accessor 1.99 1.32, Equidae 2.3 1.23. Wolverhampton 5.30 Buy Me Back 6.4 1.73 6 A Go Go 7.8 2.34
I'm not betting these, just recording them to BSP and monitoring A/E at this stage.
Without the profit figures I'm still not getting it I'm afraid. Take Sunday, three selections. The first was a win single as there were no places, the price was 1.21 and the stake £100 so the profit was £21 less commission (at what %)?
Mmm. seem to have lost a bit of the last post.
Was the second bet £100 win only and the third £20 win £80 place?
I think I have it.
50/50 win place if not 80/20
It's just the £25 that puzzles me, none of them were £25.
Trying to reconcile the Saturday bets now. Does £25 80/20 = £5 win £20 place?
I’ll the bets I put on this forum the profit is to a £25 stake, not necessarily what I bet
Another profitable day with 4 2nds and a 5th - All 80/20 bets i.e bet 80% of stake on place and 20% of stake on win. Therefore a horse finishing second would be the place odds times 80% of stake minus 20% of stake placed on win. Todays profit to £25 stakes is £102.20.
@andrewp Why are you paying commission on bets? Use bookmakers that do not charge commission.
No bets today, looks poor racing
0Which bookmakers do not charge commission ?
My apologies @psnug, when you said, "I have only done a win bet as Betfair are not showing place odds on the 2.10" I assumed you were betting on the Betfair exchange where commission is payable.
Perhaps you could help me understand the bets by completing the table below for yesterdays races.
|Horse||Win Price||Win Stake||Profit/Loss||Place Price||Place Stake||Profit/Loss|
|Buy Me Back||6.4||£5||1.73||£20|
|A Go Go||7.8||£5||3.4||£20|
@andrewp Without the result, that is impossible to do as you do not know if they won, placed or lost
@andrewp Are you basing this table on my bets Monday? If you are then the results were:
Capla Spirit £5 loss on win £5 - £39.40 win on £20 place,
Accessor £5 loss on win - £26.4 win on £20 place,
Equidae £5 loss on win - £20 loss on place
Buy Me Back £5 loss on win - £34.60 win on place
A Go Go 35 loss on win - £46.80 win on place
I hope that clears up any confusion - if not let me know and I will try and clear up any issues if I can