Need help with Golfing Gods

Agent 0659

:mj07:
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Anyone use them? I need input as Im thinking of funding for the Masters. I think I understand a concession bet, say I bet a player to win and the concession is 1,2,3...if he finishes 2nd or 3rd I get my bet back, correct?

What I dont understand and also dont see explained is the each way 1/4 unit 1,2,3,4,5 :shrug:

Help!
 

pharlap

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I dont know about the concession stuff, but the 1/4 each way implies that the place odds are calculated by dividing the win odds by 4, and they pay place dividend for the first 5 places.

e.g. 20/1 for the win would mean 5/1 for the place. So if you have a dollar each way (i.e. a dollar on the win, and a dollar on the place) and your guy runs outright 2nd, you would get paid $5 for the place, leaving you with an overall profit of $4 (as you lost $1 on the win bet).
 

Agent 0659

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Ok so Garcia is 34/1 each way.

If I bet 20 on him, what would each place potentially pay?

1st-?
2nd-?
3rd-?
4th-?
5th-?

Thank you!

And also have you used them?
 

joeseppy

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1st 890 (20*34 for the win plus your 20 stake back and 20*34/4 + your 20 stake back for the place)
2nd to 5th 190 back (as above 20*34/4 + 20 stake)

Yes, I use them. I have read a few negative comments about them on places like the Batfair fourm (which isn't known for its level headedness) but I've never had a problem with them. Stanley may have though as he used to use them but tends not to now
 

Agent 0659

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Thank you guys that have answered. Stanley I would appreciate your input and if you dont want to do it publicly could you please email me privately?
Thanks!
 

Stanley

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They had a rather large cash injection about six months ago and since then I have heard of no complaints of slow pay, which had been a problem previously.

As I have a responsibility to people who use my site that the books that I cite are trustworthy, I have kept them on my list of recommended books, but not actively promoted them or quoted odds with them since the problems last summer.

But, like I said, there have been no new complaints for some time now and if that remains the case after the Masters - similar to the Superbowl in being a primary time when books would stiff their customers - then I'll probably start using them again.
 

lostinamerica

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Agent - RE: GolfingGods -

Count me as one of the customers that had a real problem making a withdrawl from GolfingGods by Neteller at the end of last season. It took about 40 days to get $900; finally, my request was processed one day when I least expected it . . . I was an optimist in leaving behind an open account with $45. At the start of this season, I was aware of the infusion of cash, so I used them for a few plays, which included an early hit on Aaron Oberholser, and in the last 45 days my Neteller withdrawls of $600 and $1500 were both processed instantaneously on the first attempt. On the other hand, my $1000 withdrawl from BetFred is still pending, although still within the 48 hour account review period posted in their Rules.

Why GolfingGods? Great prices for lots of outrights. And they started paying 5 places on Champions Tour events. Plus good coverage of all Tours (i.e., Nationwide) vis-a-vis other books, once again, in terms of outrights, and frequent Place Only or Top 10 only options as well. And now as active as any of my books in overnight offerings of in-running prices.

Other stuff to consider. There is not an 800 phone number to make inquiries simple and economical - just e-mails or toll calls. No parlays that I can see, which are readily available for small stakes on up at the other GB&I books. 5dimes style matchups are not offered - just "real" 2 Balls and 3 Balls, featuring the nasty ties lose pricing. But in bigger events, a few interesting props, such as scores of prominent players (i.e., Under 70, 71-73, or Over 73). And of course, only golf on the menu.

No question that the easiest move I ever made to improve my bottom line in golf wagering was to expand my price options by going from just 5dimes and Bet365 to GolfingGods, and now BetFred and Sportingbet. But adding too many books just makes it harder to monitor the various prices - I won't be adding more outs for golf, unless and until a Betfair style book becomes available to American customers.

The prices are shorter at Bet365, but there are usually a few more options (parlays; some unique matchups, with and without the ties lose feature; e.w. options (rather than just 1st) in specialty markets, such as wagers on Low 1st round, or Top Euro/Top Australasian/Top American w/out Woods/etc., in big events); but no Place Only or Top 10 only. Bet 365 also has in-running outrights during the course of most of the live T.V. broadcasts. Bet365 also has a rock solid financial reputation, and customer service over the phone has been impeccable for going on four years.

The choice depends on what you want or need. If you are mainly looking for matchups, DTB or Stanley can steer you in the right direction, but GolfingGods or Bet365 would not be the choices. For outright wagering, I would add both Bet365 and GolfingGods, or just one, with Bet365 easily possessing the higher rating and reputation for reliable payouts.



Notes on Returns for e.w. Outright wagers -

At various stages after Thursday morning, the e.w. options on outrights will shift (i.e., from 1/4 for Top 5, to 1/4 for Top 4, to 1/5 for Top 3, etc.), but the same payout applies for each of the paying positions - in the case of $10 X 2 = $20 for a 40/1 e.w. wager before the event, 2nd place and 5th place have the same return of 10 to 1 on $10.

However, a "dead heat" rule applies when players are tied for a finishing position. For instance, with 40/1 e.w. and 1/4th for Top 5, if your player is in a 3 way tie for 3rd, you get a full return of 10 to 1; if it's a 3 way tie for 4th, you get a return of 2/3 of 10 to 1; and a 3 way tie for 5th, the return is only 1/3 of 10 to 1; a 5 way tie for 2nd would pay 4/5 of 10 to 1; etc.


I hope some of this helps.


GL
 

DOGS THAT BARK

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Agent Their addition via neteller very fast. Might suggest you never keep over 2 weeks worth of anticipated wagers there.
Appears their new linesmakers much sharper than start of year--has been for me anyway.
 

Agent 0659

:mj07:
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Need more help, Lets say make the 20.00 bet in the above example, I want to risk 20 total on Garcia at 34-1. Now you are telling me that it will pay 890 somehow? WTF? And that Im also getting a wager on places 2-5 somehow? Im totally confused! Sounds WAY too good! :shrug:
 

Trampled Underfoot

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Garcia 34-1 would be....

$10 to win 34-1 10/340
$10 to place 8.5-1 10/85

The 8.5 is 1/4 of 34.

This would be like placing two seperate wagers. If Garica wins, you win them both. If he finishes 2-5 you would win the $85 but lose the $10 on the win wager.
 
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pharlap

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Agent 0659 said:
hmmm, well how does Joeseppy get 890???? :shrug: You guys have me all fukced up now! :confused: :dizzy:


Because he did $20 each way (i.e total stake of $40) whereas TU did $10 each way (total stake of $10).
 

Agent 0659

:mj07:
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SOOOOO, an each way bet splits your stake in half and puts half on to win, and half on place which ACTUALLY means 2nd-5th.

Right?

:teknology
 
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