New Deduction Table

Finally!

Shot JAP

Attached excel worksheet from bookies.co.za

Attached files New Deduction Table.xls (32.5 KB)Â

must admit to not having a copy of what it was before Cats, email said this one is applicable from Friday 20th June

I'm not sure of UK but most don't stop unless min10/1 (5%?)

Sorry that's what I meant it's no deduction 25/1 - 11/1.

My bookies doesn't stop anything for 10's, then I think it mught be 5% for 9's then it starts climbing really fast!

Imo the deduction table is right now,as it represents a true reflection of a horses % of the market.For example,an 1-1 shot shot represents 50% of the market,but previously a 60% deduction was taken.Horses from 13-1 to 20-1 now represent a 5% deduction where as previously did not have any deduction,but a 16-1 does in fact make up 5.88% of the market,so why shouldn't a deduction be charged on it?We as punters are far better off with the new table,even though deductions will now run to 20-1 shots.

Nice for us punters of favs.

THIS NEW table is all fine aND Good IF THE BETTING WAS DONE TO REASONABLE PERCENTAGES

go check the betting percentages on interbet ,always between 140 to 160 percent..i will let you and the other shrewdies bet to these and i will stay on the tote and other betting sites and bet fair..not a case of being grumpy ,just dont enjoy the punter getting stuffed all the time

Things may not be perfect,but they are moving in the right direction.I'll give you an example:

Previously,when there was a deduction on a double,bookmakers would charge the deduction to the whole bet.

Example:you take a dbl on 2 1-1 shots for R1000.
Your bet would be 3000/1000.If there was a 25% deduction the bet would become 3000 less 25% which is 2250/1000.Tax on 2250 is R135 so you would get 2115 for your 1000.

The new bookmaker system was introduced a while back,and it automatically works out the deduction,so you in fact only pay the deduction on the applicable leg.

So in the above example:

you are effectively putting R1000 on horse A,which is parolled on to horse B:

So the bet is 1000/1000 horse A,but there is a 25% deduction so the bet becomes 750/1000 horse A,all going onto horse B.

the bet on horse B is now 1750/1750,tax is charged on the 1750 @ 6% which means you get R1645 + R1750= R3395.

In the 1st instance you get back a total of R3115 including your stake,but in the 2nd you get back R3395,a difference of R280.

This is something most people don't even know,and I'm not sure that I have explained it in laymans terms,but the bottom line is that slowly but surely we as punters are becoming better off.

Like all products,it's simply a case of learning about the product.The problem in racing is that there is no manual that comes with the product.

Jap after looking at your eg, i tend to agree and disagree.

this past weekend i took a treble for 10000/500

the fav in maurituis got scrtached(tito something 60% deduction)
looking at my payout the total winnings was deducted with the 60% plus the tax.


only took home 3900. did i miss something or is this correct???

Did you take it on an online betting site?