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How to work out place odds

J

josswallace

Newbie
If the decimal win odds of a horse are quoted as 6 and a place pays out at 1/5th of the odds what are the decimal odds for the palce.
 
All these years yet i still think in proper money pricewise, 7.0 is not a price its the sum of stake plus odds while 6/1 tells it how it is. Perhaps some prefer the former because they think its worth more or sounds better. Having said this i note an increase in Bookmakers advertising the inbetweener silly odds like 14/5 and the likes of Paddy who are leading the charge might be hoping to Kid - Confuse rather than entice punters. ?

Although if you have to back one at different odds with different Bookmakers staking different amounts and then start working out the different R4 deductions then perhaps headaches are a given which ever way we go. :eek:
 
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mick mick.
I much prefer the old traditional odds, 'cause I'm used to them.
Imo, they were based on the old
"8 half-crowns make £1"

Trying to divide the old stuff by ten is a pain, but, I think better myself in the old ways. That's bc I'm an old bggr.
I still like the old wooden folding rule too - based on 36" to the yard.

My grandkids wouldn't know what the hell I'm on about!
Well, that's bc I'm a "bastard and five eights man". :eek::D
 
mick said:
All these years yet i still think in proper money pricewise, 7.0 is not a price its the sum of stake plus odds while 6/1 tells it how it is. Perhaps some prefer the former because they think its worth more or sounds better. Having said this i note an increase in Bookmakers advertising the inbetweener silly odds like 14/5 and the likes of Paddy who are leading the charge might be hoping to Kid - Confuse rather than entice punters. ?

Although if you have to back one at different odds with different Bookmakers staking different amounts and then start working out the different R4 deductions then perhaps headaches are a given which ever way we go. :eek:
Click to expand...
They introduced these new prices like 14/5 for a reason, now every horse that should be 3/1 is 14/5, every horse that should be 5/2 is 12/5, over the course of a year this increases bookies profit margins, the lightbulb moment came when they reasoned every horse the were 25/1 about was 50/1 on the exchanges and every horse that was 50/1 was 100/1+ on the exchanges , then they knew they could increase the odds on outsiders slightly and trim the fat off the lower priced horses, now nearly every horse that wins (barring big outsiders ) is a lower price than it would have been 10 years ago. They squeeze from every angle to get maximum pulp from punters, their algorithms would make NASA blush.
 
O Outlander they will not obtain any pulp from myself because if they do not offer a fair price then i do not bet, an option which is open to all. Also one i am now starting to apply Re rip off price increases in supermarkets. Fortunately for myself this is not down to necessity but rather principle. A regular purchase has just increased from £1 to £1-50 and as far as i am aware inflation is not running @ 50%.

The bottom line being absolute essentials aside going without your Fav brand of pasta sauce or whatever for a while is not going to kill you and i hope others feel likewise and start voting with there wallets this would soon trigger a change. !
 
Regarding the cost of living, mick mick, I'm not as confident as yourself.
Things seem far too dear to me, but, I still buy them.
When I eventually run out of dosh - or, more likely - don't have the right card or phone to buy a packet of tea, then, I'll just have to curl up in a corner and die.
 
Sandhog said:
mick mick.
I much prefer the old traditional odds, 'cause I'm used to them.
Imo, they were based on the old
"8 half-crowns make £1"

Trying to divide the old stuff by ten is a pain, but, I think better myself in the old ways. That's bc I'm an old bggr.
I still like the old wooden folding rule too - based on 36" to the yard.

My grandkids wouldn't know what the hell I'm on about!
Well, that's bc I'm a "bastard and five eights man". :eek::D
Click to expand...
10 Florins in a £ and 20 Shillings in a £
 
dave58 said:
For some reason I still remember the song they used to do on the 'decimal five' program.

Sixpence is two and a half new pence,
A hundred new pennies in the pound.
Click to expand...
When I moved into a Village in 1971 an old lady ran a sweet shop and refused to price up the sweets in Decimal Currency. You had to work out how much you needed to pay her and she accepted that you were not fleecing her.

After she passed away they had a Village Clock and Bench, which was situated on a corner in the Village and the corner was named after her.

She was very loved.
 
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