Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Handicapping Discussion


Reply
 
Thread Tools Rate Thread
Old 10-23-2014, 06:53 PM   #1
Dark Horse
Registered User
 
Dark Horse's Avatar
 
Join Date: Dec 2011
Location: route 66
Posts: 1,112
Beware of 5Dimes horse racing

I've been checking out offshore, with small amounts (because of a general lack of trust).

So I won this race at SA today. Maybellene won and paid 6.20, beating the 3/5 favorite and another horse. Close race, as you can see here: http://www.equibase.com/static/chart...102314USA2.pdf

Of course the track paid the winnings. But I had played it offshore, at 5Dimes, and - surprise! - they took the bet, but didn't honor it. Reason? There were only three horses in the race.

Excuse me?! Isn't it about odds?

5 Dimes is mostly about sports. To point out the obvious, most sports games in the NFL, NBA, NHL and, well, in fact all, have only two horses in the race. Should we cancel all those, Tony?

So they created an arbitrary rule, and I post about it here to warn you not to play there. They also close races regularly five minutes before they go off. At main tracks... I thought they would know their business with horses, as they do with sports, but I was wrong.
Dark Horse is offline   Reply With Quote Reply
Old 10-23-2014, 07:00 PM   #2
thaskalos
Rebel without applause
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 24,996
Would they have honored the wager if it lost?
__________________
"Μηδενα προ του τελους μακαριζε." -- Σολων
thaskalos is offline   Reply With Quote Reply
Old 10-23-2014, 07:11 PM   #3
Dark Horse
Registered User
 
Dark Horse's Avatar
 
Join Date: Dec 2011
Location: route 66
Posts: 1,112
I couldn't tell you that. They sure as hell didn't pay back races that I lost. I know that.

In my experience they don't offer horse racing as alternative to going to the track, but as a virtual game based on horse racing, where they can insert rules and/or cut off races as they see fit.
Dark Horse is offline   Reply With Quote Reply
Old 10-23-2014, 07:19 PM   #4
GameTheory
Registered User
 
Join Date: Dec 2001
Posts: 6,128
Look at their rules for racing. The first one is:

"A race must have a minimum of 4 runners or all wagers will be no action." Pretty typical for a non-commingling book to have rules like that. Just be aware of them...
GameTheory is offline   Reply With Quote Reply
Old 10-23-2014, 07:36 PM   #5
Stillriledup
Veteran
 
Join Date: Oct 2009
Posts: 25,607
Quote:
Originally Posted by Dark Horse
I couldn't tell you that. They sure as hell didn't pay back races that I lost. I know that.

In my experience they don't offer horse racing as alternative to going to the track, but as a virtual game based on horse racing, where they can insert rules and/or cut off races as they see fit.
Is there a way you could tell if the money was refunded to your account BEFORE the race actually ran? As soon as the field went to 3, the money should have been in your account.
Stillriledup is offline   Reply With Quote Reply
Old 10-23-2014, 07:38 PM   #6
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 44,485
I found them pretty good for an offshore book in the past, don't think they are ripping people on stuff like this. I'm 99.9% sure he'd be refunded win or lose.
cj is offline   Reply With Quote Reply
Old 10-23-2014, 07:40 PM   #7
Dark Horse
Registered User
 
Dark Horse's Avatar
 
Join Date: Dec 2011
Location: route 66
Posts: 1,112
I didn't check their arbitrary rules. There was a relatively late scratch, but it happened well before I placed my wager, which they obviously accepted. When there's a sports dispute they will abide by the score of NFL.com, NBA.com, NHL.com, and so on. But in horse racing they won't abide by the track in question. That, to me, is the bottom line. They're good enough at sports, but they really are terrible at horse racing. Unless you don't mind races being taken off the board five minutes before they go off.
Dark Horse is offline   Reply With Quote Reply
Old 10-23-2014, 07:41 PM   #8
Mineshaft
Veteran
 
Join Date: Jul 2008
Posts: 2,581
The race only had 3 horses yet they took the bet anyway ? fawk them..
Mineshaft is offline   Reply With Quote Reply
Old 10-23-2014, 07:42 PM   #9
ReplayRandall
Mount Rushmore
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Location: Charlotte, NC
Posts: 8,269
Quote:
Originally Posted by Stillriledup
Is there a way you could tell if the money was refunded to your account BEFORE the race actually ran? As soon as the field went to 3, the money should have been in your account.

All transactions are "settled" 10 minutes after prices are posted final. When field went to 3, transaction was considered a scratch, the refund dispersed after settled action completed.........been there, done that.

Last edited by ReplayRandall; 10-23-2014 at 07:44 PM.
ReplayRandall is offline   Reply With Quote Reply
Old 10-23-2014, 07:46 PM   #10
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 44,485
Quote:
Originally Posted by Dark Horse
I didn't check their arbitrary rules. There was a relatively late scratch, but it happened well before I placed my wager, which they obviously accepted. When there's a sports dispute they will abide by the score of NFL.com, NBA.com, NHL.com, and so on. But in horse racing they won't abide by the track in question. That, to me, is the bottom line. They're good enough at sports, but they really are terrible at horse racing. Unless you don't mind races being taken off the board five minutes before they go off.
Of course the advantages are good rebates (sort of) and your bets not going in the pool. The one thing you have to do with offshore is know the rules, or eventually you'll learn the hard way. A 2-1 winner is a lot cheaper lesson to learn than other stories I've heard.
cj is offline   Reply With Quote Reply
Old 10-23-2014, 07:51 PM   #11
Stillriledup
Veteran
 
Join Date: Oct 2009
Posts: 25,607
Quote:
Originally Posted by ReplayRandall
All transactions are "settled" 10 minutes after prices are posted final. When field went to 3, transaction was considered a scratch, the refund dispersed after settled action completed.........been there, done that.
But this place isn't parimutuel, so they don't need to wait till the race is over like a real track would. Am i right about that?
Stillriledup is offline   Reply With Quote Reply
Old 10-23-2014, 07:57 PM   #12
dansan
Registered User
 
Join Date: May 2009
Posts: 1,426
never bet a race with less 5 horses thats my rule
dansan is offline   Reply With Quote Reply
Old 10-23-2014, 08:30 PM   #13
ReplayRandall
Mount Rushmore
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Location: Charlotte, NC
Posts: 8,269
Quote:
Originally Posted by Stillriledup
But this place isn't parimutuel, so they don't need to wait till the race is over like a real track would. Am i right about that?
SRU, you are correct, but it's wagering by their rules.

Quote:
never bet a race with less 5 horses thats my rule
Dansan, I was making a hedge win bet to cover a Pick-4 pay-off.....
ReplayRandall is offline   Reply With Quote Reply
Old 10-23-2014, 08:32 PM   #14
GameTheory
Registered User
 
Join Date: Dec 2001
Posts: 6,128
Books like these don't grade wagers in real-time or even necessarily keep track of scratches. They even warn you not to past post (because it is "allowed" from a technical standpoint) or will you get your account canceled. Bets after a certain time each evening are not graded until the next day...
GameTheory is offline   Reply With Quote Reply
Old 10-23-2014, 08:37 PM   #15
Stillriledup
Veteran
 
Join Date: Oct 2009
Posts: 25,607
Here's what i don't get.

Since this is not a pari mutuel book, they can essentially just "not pay" if there are any "irregularities". So, why not just permit betting on a 3 horse field and if everything is on the up and up, pay the winners.

In other words, the original reason for not accepting bets on 3 horse races isn't applicable to this book, because they can just 'not pay' if they don't want to.
Stillriledup is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
How do you prefer your Coffee !?
Cream and Sugar - 28.57%
30 Votes
Cream only - 20.00%
21 Votes
Black - 41.90%
44 Votes
Decaf - 9.52%
10 Votes
Espresso - 12.38%
13 Votes
Starbucks etc... - 9.52%
10 Votes
Other - 23.81%
25 Votes
Total Votes: 105
This poll is closed.
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:01 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Copyright 1999 - 2020 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.