Horse Betting Rules
By Joe, bettingexpert.com | Edited
Google+: Joe Bexpert

As of 1st
of June, the Bettingexpert team has included a horse betting rule section under
the “Bettingexpert tipster competition regulations”. The following rules will
required by all tipsters to abide to in order for to be counted as a valid tip.
The rules are as follows:
H1- Staking is up to a maximum of 10 units. Each-way betting is fine so for instance 4 units each way is a bet of 8pts in total. The maximum stake used for an Each-way bet is 5 units. If you lose on the each-way bet then you it will be double the amount of your stake, so 5 units would be -10 unit loss.
H2- All prices taken must be available with a reputable bookmaker at the time.
H3- A short write up/preview is required with each selection
H4- All analysis should include how many runners for the selected race.
H5- Settling must be done honestly and fairly under the rules of racing
H6- Failing to comply with the horse rules, the tip could be deemed as an automatic void or a loss.
Please see the table below and see what you are entitled to when betting on selected horse within the selection of using placing, each-way and others.
|
No. of Runners/Type of Race |
Place Terms |
|
2-4 runners |
No place betting allowed |
|
5-7 runners |
1st and 2nd one quarter the odds |
|
8+ runners |
1st, 2nd and 3rd one fifth odds |
|
Handicaps 12-15 runners |
1st, 2nd and 3rd one quarter odds |
|
Handicaps 16+ runners |
1st, 2nd, 3rd and 4th one quarter odds |
The rules can be found by clicking here.
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Come on Poglavica, all due respect you aint here to expose your systems man, you like everyone else in here has their motive's maybe not so much the competitions but you are trying to create you own members service and from what I read It wont be for free.. GL to you and the moral to the story is people don't work for free.. It's nice to share your systems with the world but soon enough you will find they wont work anymore when enough money keeps going down on them. Instead most people are here to provide winner and when they come through it benefits both readers and Tipsters. I personally ain't here for no cheap money, you must have seen me many times second or third in competitions and end up last cause I don't have any interest in finishing second for cheap money. It's the challenge of trying to work my way to the top that keeps me motivated. The amount of times I have got my free bets and placed and lost them in one go in the same hour, it's the competition that gives me a buzz. We have all got our different reasons for being here, you as a stepping stone for your members service maybe taking a few of us with you, Hand of Dog to share insight with the community and mine just to compete but not for the money.. That is the brilliant thing about the site it accommodates different aspects of betting..
@handofDog, It is a place where all the tipsters come join up and share tips, also they get rewarded for these winning tips. The competitions are competitive and also varied due to different varieties of tipsters on the site. But unfortunately we do not accept SP or BOG, only the the odds taken at the time. @poglavica - as for the competitions, there is no size fit all and are a site that promote different kinds of competitions. Take it as bookies offering varied of bets and getting rewarded, like the top scorer of the league, four corners, clean sheet and how many throws-in rooney will take in a game. There are many expert tipsters in various sporting genre and that we respect on our site.
@handofdog 1. BE is everything you've mentioned in one place. An online community sharing picks, views and comments, but it also has its competitive ingredients with the many different competitions within BE. Sad enough, some competitions are misused to gather some cheap money, but that's another pair of stinking shoes. If you want to share you betting strategy or other elements in regards to betting, you're welcome to post some blog entries, I'm sure Andrew will be very happy about your contribution. 2. BOG = best odds guaranteed / SP = starting price (for all other who don't know about those abbr.). How should BE reflect the settlement in your opinion? With the better odds? Your primary odds when you've posted your pick will also stand at settlement. Is there any bookie out there which does that different? Please tell me about if you don't mind. Hope that answered your questions.
Apologies if this is wrong place for these questions, but new to website. 1. Is the point of the bettingexpert.com as a competition site like tipsterchallenge, olbg and the many others or a community site to share tips, views, etc. All the questions, sounds like the first. Is this right? I'm really looking to get and give views, etc on bettig strategy, tips, etc. This doesn't usually happen when there a competitive element IMO. 2. If you use a BOG bookmaker (as I do when possible) and the SP is better than the odds taken, how do you reflect the better odds in the settlement? tks
Agreed but the question in doing it this way, will the tipster have to ensure double profit is reduced or will the admins do it either way it will increase the workload of the admins.. It's clear there will be people that do things in the wrong way and this way makes it difficult to see if this is happening as we have to check through each pick individually ensuring even the profits are correct. The way to completely by pass this issue is to make everyone post 2 tips for each way bets, allowing tipsters to post the same previous twice to all make our life's easier. if tipster has two tips for e/w it leaves nothing down to the tipster ensuring profits are accurate, some people's math ain't as good as others. Each pick has to now consist of the number of runners so it will be easy to work out the correct each way odds from the original pick. Currently we are allowing to much manual calculations to be done by the tipsters which leaves a bery big margin for manipulation, clearly this isn't working.. Admins I think this is the best way for us to go forward and keep things open and fair, I think other would agree.....!
Maybe this was a good idea to remove EW although I don't think there was reason for such decision. There is nothing different between EW bets in horse racing and EW for example in golf. In any case in rules above we can see: "If you lose on the each-way bet then you it will be double the amount of your stake, so 5 units would be -10 unit loss." So, returning to tipster longtermsprofit and his EW picks: He seems to have increased its profits for much more than seemed at first. He never doubled the loss on his lost EW picks. There are more than 100 units to be deducted on his golf picks. And I still don't see that anyone has done anything about it although golf competition is finished couple days ago.
But sometimes it is not a e/w bet it is a place or to finish in the top 2 bet like today. I have bet on Producers to win which is a market which was available at 4.00. And I have also placed a bet for the producer to finish in the top 2, this isn't an each way bet. William hill are offering it as a separate market as the link below shows. Is this still ok? http://www.oddschecker.com/horse-racing-betting/epsom/16:50/top-2-finish I have a few place bets without selecting that option as a winner as these bets are also offered from selective bookies without it being an e/w bet.. Thanks, Joe
It has come to our attention that there are some tipsters aren't able to understand the each-way bet system fully. Some tips are not clear whether they are outright winners or each=way, so unfortunately we have withdraw the use of each-way. Yes, some settling of the bets hasn't been very forthcoming either.
That's correct Joe, i have been doing it in that way for a long time. I am not fully clear with the rules above so I thought to ask. My views are that the rules shouds be changes so all e/w pick must be posted in 2 separate picks with the odds on the first reflecting the winner and the second reflecting the place market and tipster's should be allowed to use the same analysis for both bets if they wish to.. I think it makes everything more open easier to audit rather than having to go through every e/w lost bet having to ensure the tipster has deducted double the points, what do you guys think...? Thanks
@thegame, That would be the ideal scenario. If i'm understanding you correctly, you are placing an outright winner (one bet, one analysis) then a place bet (one bet, one analysis). Two separate bets and two separate odds on one event with a maximum unit of 10. Your place win odds is for 1st and 2nd, so no matter what position it comes on, it's still that odds you put that should calculated.
Ben What happens if the bookmakers offers a top 2 finish bet.. For an e/w bet i usually place with 2 picks the first with half the stakes on the win and the second pick with the other half stake on a place finish. Is this way still correct under new rules or not..? Thanks Thanks






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@The Game I'm already running a member service, so there is no need to discuss that further. I'm just expanding :-) Of course, nobody works for free. Thanks for your nice wishes. Agree with the competition part you've mentioned. You and my followers are already aware of my betting strategy and I will stick also in the future to the same while posting value picks in here. I've mentioned that a dozen of times already, the money is the last thing I care about. As you say it's the competition itself and to compete against other good tipsters in here which keeps us all together at this place. And of course to provide our followers with winning picks. So, basically we both agreed here, don't we?! @Joe It's ok, just my opinion about some competitions in here I didn't offend anyone nor do I've mentioned any competition. I will keep the details for myself, psssssssst ...