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date: 26 Nov 2007 13:10:19 GMT,    group: uk.sport.horseracing        back       
OT: Online prices   
Sorry for the off-topic posting but more appropriate uk groups seem to be 
dead or only contain spam, and I figure the collective wisdom here will be 
able to answer my question.

I had a bet yesterday with totesport.com on the American Football. They 
quoted a price of 1.91, but paid £190.91 to a £100 stake. I know it's only 
9p difference but it's my 9p dammit :-)

I assume it's because they use fractional odds and then round to 2 dp for 
the decimal odds display. Should they be able to do this? Opinions please.

thanks in advance
Martin
date: 26 Nov 2007 13:10:19 GMT   author:   Martin Durkin

Re: OT: Online prices   
Martin Durkin wrote:
> Sorry for the off-topic posting but more appropriate uk groups seem to be 
> dead or only contain spam, and I figure the collective wisdom here will be 
> able to answer my question.
> 
> I had a bet yesterday with totesport.com on the American Football. They 
> quoted a price of 1.91, but paid £190.91 to a £100 stake. I know it's only 
> 9p difference but it's my 9p dammit :-)
> 
> I assume it's because they use fractional odds and then round to 2 dp for 
> the decimal odds display. Should they be able to do this? Opinions please.
> 
> thanks in advance
> Martin

THey owe you that 9p, they should have paid out £191.
date: Mon, 26 Nov 2007 13:17:31 +0000   author:   Dave McAuley

Re: OT: Online prices   
"Dave McAuley"  wrote in message 
news:AZ-dnSu4Ks-1WtfanZ2dnUVZ8vydnZ2d@bt.com...
> Martin Durkin wrote:
>> Sorry for the off-topic posting but more appropriate uk groups seem to be 
>> dead or only contain spam, and I figure the collective wisdom here will 
>> be able to answer my question.
>>
>> I had a bet yesterday with totesport.com on the American Football. They 
>> quoted a price of 1.91, but paid £190.91 to a £100 stake. I know it's 
>> only 9p difference but it's my 9p dammit :-)
>>
>> I assume it's because they use fractional odds and then round to 2 dp for 
>> the decimal odds display. Should they be able to do this? Opinions 
>> please.
>>
>> thanks in advance
>> Martin
>
> THey owe you that 9p, they should have paid out £191.

Not sure that with computerisation and large combines,but in my day these 
errors in payout and non collected small returns(coppers) were pooled and 
shared out as a Xmas box for the staff.But I wouldn`t let them get away with 
a penny as the staff will never see it :-)
-- 
David

"That Damn Butterfly"
date: Mon, 26 Nov 2007 13:37:24 -0000   author:   batezee

Re: OT: Online prices   
On Nov 26, 1:10 pm, Martin Durkin  wrote:
>
>
> I assume it's because they use fractional odds and then round to 2 dp for
> the decimal odds display. Should they be able to do this? Opinions please.
>
> thanks in advance
> Martin

Is it possible that they have a dual decimal/fractional facility, and
you just happened to place the bet whilst using the decimal window?
date: Mon, 26 Nov 2007 11:24:50 -0800 (PST)   author:   The Weary Wizard

Re: OT: Online prices   
The Weary Wizard  wrote in
news:05c8ff64-3eba-4682-ae3c-22b12784548c@y5g2000hsf.googlegroups.com: 

> On Nov 26, 1:10 pm, Martin Durkin  wrote:
>>
>>
>> I assume it's because they use fractional odds and then round to 2 dp
>> for the decimal odds display. Should they be able to do this?
>> Opinions please. 
>>
>> thanks in advance
>> Martin
> 
> Is it possible that they have a dual decimal/fractional facility, and
> you just happened to place the bet whilst using the decimal window?
> 

After further inspection it seems, that although my account is set to 
display decimal odds, they use fractional odds to calculate the bet. If I 
view the odds without logging in it displays as 10/11, but when I log in it 
shows as 1.91. They round the decimal odds display to two decimal places. 
ie 10/11 is shown as 1.91 but is calculated as 1.9090 recurring.
I assume if you stake £1,000 it would return £1,909.09 rather than £1,910.
date: 26 Nov 2007 19:57:01 GMT   author:   Martin Durkin

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