Deadheat Interpretation on Hollywood (td)

I placed a bet yesterday on R7#5 I got you babe to place in Fairview:

R1000,00 @ 1,90 to place
R400,00 @ 2,38 to place

Since it was a deadheat IMO I should be getting halve of the payout BUT it is still a winning bet hence I get my stakemoney back as well.

I checked my account and saw that that was not the case and started correspondence with Hollywoodbets on the matter:

"
Could you please explain to my how you worked out the divident om my 2 place bets on I got you babe that deadheated today please? I believe the little profit I got was too little so I would like an explanation of the calculation please?[/color]


Good morning Hollywood valued customer
Thank you for contacting us

Dead Heat
In the event of a dead heat (tie), where odds were not offered by Hollywood on such an outcome, bets will be paid at the face value of the ticket divided by the number of competitors tying for that placing. Place ties will only be paid on an event for which place betting was available and the winnings thereon will be calculated by multiplying the face value of the ticket by the remaining number of places available and divided by the number of competitors tying for those available number of placings. And this rule it under 2.8 on our terms and condition.

Thank you.
"

This makes absolutely no sense since you cannot take my stakemoney off a winning bet. Rectify this asap, this is not a fair calculation since you are interpreting it as a losing bet which it clearly wasn't

Sent from my iPhone[/color]


Kindly note that we halve the stake and the potential payout, then we minus 6% Hollywood tax.

here are the calculations.

1900/1000

then you divide both the stake and the potential payout by 2

= 950/500

then you minus 6% tax on the payout which is R950

= 893

then you add R500 to 893

= 1393.


Regards
Mbuyiselo

It clearly states "
winnings thereon will be calculated by multiplying the face value of the ticket by the remaining number of places available and divided by the number of competitors tying for those available number of placings. And this rule it under 2.8 on our terms and condition."

Hence what gives you the right to take halve of the stake money? Hollywoodbets has to act fairly to their livelyhood (it's customers) otherwise you will have no business.[/color]


Sent from my iPhone

Is this the correct interpretation to take halve of my stake money on both counts therefore taking R700 from me on a winning bet after also halving the payout?? SURELY NOT ?? (td)(td)(td)(td) :S :S :X :X :X Should I sue them since to me this does not seem fair??

It is correct, as half ur bet is a wiining bet and half is a losing bet

Nonsence IMO ... the horse ran 3rd which is a top 3 place how is "half a losing bet" that just makes no sense it's either a lising bet or it's a winning bet it cannot be half half ??

I knw hw u feel boet, but that's how it is anywhere.

Have not read all the detail above but the rules on any dead heat have always been

1000/1000

Becomes an 500/500 in a horse race 6% deduction on the 500

Remember a bookie is then payout on more than one horse

Hope this helps

If it was a dead heat for 3rd then half your bet is beat because you also finished 4th..

Same when its a dead heat for 1st,half your bet is beat because you also finished 2nd..

these rules have been in place for 400 years ()

Still does not make it right even if in place for 1000 years.

Yes the bookie has 2 bets to pay but that is why he pays halve the dividend, he cannot get the advantage both ways halve the dividend on only halve oc the stake?? Either halve the dividend on full stake or full divident on halve the stake...

Half your bet is beat simples...

Then the other halve that wasn't beat should get full divident then it's fair

But the bookie now only pays halve of halve??

I opened an account with Hollywood (after reading how good this betting site is on ABC) only to close it a month later. Shameful bunch of amateurs !! Never been treated by any of the other betting sites so badly.

neigh Wrote:

---

> I opened an account with Hollywood (after reading
> how good this betting site is on ABC) only to
> close it a month later. Shameful bunch of amateurs
> !! Never been treated by any of the other betting
> sites so badly.

Hi Neigh,lets get to the bottom of this,in what way were they amateurs?

Hollywood don`t hide like other bookies,they always want to solve problems..

the dead heat rule for third place that Hollywood pays is the same as the Tote does when the halve the third payout...this
is correct... you do loose half your stake because of the fourth place being ommitted....i once caught a double with horse placing fourth and when quiried the stake and after explanation was most satisfied with their interpretation.....I must add that Hollywood is by far the BEST Bookmaking online web to use....in Gambling not everyone is satisfied......