Strange thing with European company

[cosmicway]

I wanted to bet on this race:

Belmont, 10th race, Oct 10, 10.50 pm UK time.
The favourite was the no 11 (Smile Big) and paid 1.72 the time I checked.
The second favourite was the no 13 (Preppy) and paid 4.50.

Because the win price was too low for my liking I tried the forecast 11-13.
But that one was 1.20 !

Is that possible ?
I did not place the bet but out of curiosity I asked the betting site assistant and she said "all I know is that those are US pool prices and they are settled on the $2 unit" !
I said to her if you say so then it's even more tragic - you pay me less than the wager !

I wonder.
Has there been a mistake somewhere ?
I saw the same thing in other US races too.

Given the nature of the particular race, I reckon the price for the forecast 11-13 should have been around 2.20.

[therussmeister]

I have no idea what a forecast is. If there is such a wager here it goes by a different name. However your two horses finished third and fifth. There is no bet in this country that pays out to the third and fifth place finishers. There is also no winning bet that returns less than $1.05 for a dollar.

[cosmicway]

Originally Posted by therussmeister

I have no idea what a forecast is. If there is such a wager here it goes by a different name. However your two horses finished third and fifth. There is no bet in this country that pays out to the third and fifth place finishers. There is also no winning bet that returns less than $1.05 for a dollar.

Exacta.
I did n't know at the time they were n't going to finish first and second.
The winning exacta paid 290.00 as I saw in here:

http://www.results365.com/usracingresults.shtml

But that does n't allow me to cross-check so I still don't know.
290.00 is in $2 stake so that's 145.00 as an absolute value.

But 1.20 is impossible for the 11-13.

The reason the wager goes by both names is that they have two ways of computing the price, if they use the paris mutuel method then they call it exacta. If they use the bookmaker's formula they call it forecast.
Never mind that. It's technical.

Now I 'm looking into Mountaineer R5 due to start in 3 mins.
It says 1-7 = 2.98, 7-1 = 2.98 also and both the 1 and the 7 pay 2.75 for the win. That looks okeyish.

[Seabiscuit@AR]

cosmicway

It sounds like they paying simply whatever the exacta pays on the US tote. If the exacta pays 5-1 on the tote then you will get 5-1

Only thing you will need to check is if their are limits to your payoff so they might only pay out up to say $1000 or whatever the limit is

[cosmicway]

Originally Posted by Seabiscuit@AR

cosmicway

It sounds like they paying simply whatever the exacta pays on the US tote. If the exacta pays 5-1 on the tote then you will get 5-1

Only thing you will need to check is if their are limits to your payoff so they might only pay out up to say $1000 or whatever the limit is

Not resolved yet.
Yesterday I checked at only one race from Mountaineer and that one looked normal.
I don't know what they are doing. A computer error perhaps ?
1.20 looks impossible. Could be a freak case but I did see such low prices in other races too (only I did not keep their details).
I will check again but who is there to ask in the USA ? I believe that logs are kept.

[ultracapper]

1.20 must mean 6-5. Are you looking at result charts?

[cosmicway]

Originally Posted by ultracapper

1.20 must mean 6-5. Are you looking at result charts?

1.20 is 6-5.
That was the 11-13 (see my first post).
The race outcome was not 13-11 to make a direct comparison possible.
Unless logs of all the prices are kept somewhere.
I 'll have to check again perhaps. USA program comes to us after midnight, so I 'm not awake most days.