Tote blatant theft - Meydan P6

Is it theft or is it incompetence?

After 5 legs the meydan P6 had a minimum divident of R384.78. The final race was won by no. 12 Thunder snow @5/1. The Pick 6 will pays shows R1922.30.

A result of R22.30 got entered when they posted the final exotic payouts. Obviously somebody left out the R1900. This got reported last night when the results were posted, but to no avail!

How can this just be allowed??? They made a huge error and refuse to fix it?? Is this a professional company? Are we expected to just sit back and let them steal our money now and we can do nothing about it?

Any comments are welcomed! What can we do about this?

I seem to recall that there was a similarly improbably low Pick 6 dividend declared the last time the Meydan Pick 6 was offered as well? (Think it was Super Saturday meeting).

.....I believe this to be an incompetent error once again .....this must be the consolation payout for 5 legs.....just as they did 2 weeks ago on Super Saturday causing a big stir in the sporting post.....but I too am a fool as I invested in this bet not checking the size of the pool....it is a shame that this bet at that venue has become a sham....much like everything the operator dreams up to take a big chop from us mugg punters....

Snel - I don't want to rag you but you rather summed it up yourself when you inadvertently misspelled 'dividend' as 'divident'.

A dent in the dividend you were expecting it most surely was!

I really don't 'get' why you ever bother to support a betting option which regularly and unapologetically gets it wrong after first gouging a monstrous 25% takeout from your stake; making it just about the most expensive form of entertainment on the planet if you spend a full afternoon punting.

Be aware that in the case of this meeting the usual rubbish excuse of 'putting on the show' does not even extend to inconvenient little details such as providing stake money etc.

Your best form of protest is to walk away and never come back.

Garrick wrote: Snel -

I really don't 'get' why you ever bother to support a betting option which regularly and unapologetically gets it wrong after first gouging a monstrous 25% takeout from your stake; making it just about the most expensive form of entertainment on the planet if you spend a full afternoon punting.

LOL

---

THANK YOU!!

Garrick wrote: Snel - I

Your best form of protest is to walk away and never come back.

THANK YOU

Bookmakers also have high overrounds as well.

Take for instance tomorrow basketball in Cyprus (Apoel Nicosia vs Keravnos Strovolou Nicosia) . They betting,

9/10 the home team
8/10 the away team

The overround high. Over 8%

Another thing to note.

Overround on multiple bets

When a punter (bettor) combines more than one selection in, for example, a double, treble or accumulator then the effect of the overround in the book of each selection is compounded to the detriment of the punter in terms of the financial return compared to the true odds of all of the selections winning and thus resulting in a successful bet.

To explain the concept in the most basic of situations an example consisting of a double made up of selecting the winner from each of two tennis matches will be looked at:

In Match 1 between players A and B both players are assessed to have an equal chance of winning. The situation is the same in Match 2 between players C and D. In a fair book in each of their matches, i.e. each has a book of 100%, all players would be offered at odds of Evens. However, a bookmaker would probably offer odds of 5-6 (for example) on each of the two possible outcomes in each event (each tennis match). This results in a book for each of the tennis matches of 109.09...%, calculated by 100 × (​6⁄11 + ​6⁄11) i.e. 9.09% overround.

There are four possible outcomes from combining the results from both matches: the winning pair of players could be AC, AD, BC or BD. As each of the outcomes for this example has been deliberately chosen to ensure that they are equally likely it can be deduced that the probability of each outcome occurring is ​1⁄4 or 0.25 and that the odds against each one occurring is 3-1 (3/1 or 'three to one'). A bet of 100 units (for simplicity) on any of the winning combinations would produce a return of 100 × (3/1 + 1) = 400 units.

As detailed below, the actual return on any of these winning doubles is obtained by multiplying stake × ('odds plus one' from each single bet) together. Thus for a stake of 100 units we get a return of 100 × (5/6 + 1) × (5/6 + 1) = 336.11... units, representing odds of 2.3611-1 which is far less than the true 3-1. Odds of 2.3611-1 represent a percentage of 29.752% (100/3.3611) and multiplying by 4 for the total number of equally likely outcomes gives a total book of 119.01%. Thus the overround has slightly more than doubled by combining two single bets into a double.

In general, the combined overround on a double (OD), expressed as a percentage, is calculated from the individual books B1 and B2, expressed as decimals, by OD = B1 × B2 × 100 − 100. In the example we have OD = 1.0909 × 1.0909 × 100 − 100 = 19.01%.

This massive increase in potential profit for the bookmaker (19% instead of 9% on an event; in this case the double) is the main reason why bookmakers pay bonuses for the successful selection of winners in multiple bets: compare offering a 25% bonus on the correct choice of four winners from four selections in a Yankee, for example, when the potential overround on a simple fourfold of races with individual books of 120% is over 107% (a book of 207%). This is why bookmakers offer bets such as Lucky 15, Lucky 31 and Lucky 63; offering double the odds for one winner and increasing percentage bonuses for two, three and more winners.

In general, for any accumulator bet from two to i selections, the combined percentage overround of books of B1, B2, ..., Bi given in terms of decimals, is calculated by B1 × B2 × ... × Bi × 100 − 100. E.g. the previously mentioned fourfold consisting of individual books of 120% (1.20) gives an overround of 1.20 × 1.20 × 1.20 × 1.20 × 100 − 100 = 107.36%.

The dividends have been correct on TAB.

.....and about time.....almost 40 hours since the initial consolation P6 result on Saturday evening...one would think that after the scathing roasting they got after Super Saturday results were similarly botched they would have averted this error....guess some things remain the same....except for their salaries and bonus....:S

PHUMELELA MEDIA RELEASE
SUBJECT: Dubai Pick 6 Payouts
DATE: 1 April 2019
RELEASED BY: Phumelela Gaming

The Pick 6 in Meydan on Dubai World Cup Day, 30 March 2019, paid a consolation prize to punters for 5 out of 6 legs correct, as well as the usual 6 out of 6 main prize.
The results page on tabonline is unfortunately showing only the dividend of the consolation prize, which amounts to R22.30.
The dividend for 6 out of 6 should be shown as R 1,922.30.
Phumelela can confirm that the Pick 6 for Meydan on 9 March, encountered the same issue. The 5 out of 6 returned R4.80, whereas the 6 out of 6 paid an amount of R239.80.
Phumelela can assure customers that all dividends paid out for these events were paid correctly, as per the values stipulated above.
Phumelela’s IT Division has made the necessary software adjustments to ensure that in future, all the Pick 6 dividends will be displayed.
Phumelela apologises for any inconvenience caused.

I took my bet at the bookie.....and told the lady to keep it. She told me it was R22......and now do I go back and ask her where my Tom is?

Took a Daily Lotto for R3--. For the minimum of 2 legs out of 5 dividend received about R 5--.
Correct 5 legs and the jackpot can be won, pool usually about
R 300, 000.
Giving the Pick Six a wide berth now.