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Was this the correct ruling on my golf bet? (dead heat reduction rule)

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dougtushyterror

dougtushyterror

Joined
Feb 3, 2024
Messages
837
Putting aside how dumb a bet it was, this should either be a win or I think I got paid back too much. You'd think t4 would supercede the DH reduction rule since he wasn't t5 but since not, shouldn't the 19k be divided by the 3 other -6 golfers resulting in getting $6333 back instead of $8075?

Screenshot_20240627_200001_Gallery.jpg
 

lekidecincinnati

lekidecincinnati

Joined
Oct 26, 2021
Messages
4,268
3. A “Dead Heat Reduction” involving a bet with more than one finishing position (e.g. Top 10) is calculated as follows:

      1. Divide the number of participants who tied by the number of remaining finishing positions.
      2. Divide your original odds by the result of the calculation immediately above to find the new odds.
      3. Example (note: all calculations should use decimal odds):
        1. You bet $50 wager on a golfer to place in the Top 10 at +200 (3.0) odds.
        2. The event ends with the golfer tying for 8th place with 5 other golfers.
        3. 6 (tied participants) ÷ 3 (8th, 9th, & 10)) = 2.0
        4. 3.0 (original odds) ÷ 2.0 (new odds) = 1.5 (DHR odds)
        5. $50 x 1.5 = $75 payout
 

dougtushyterror

dougtushyterror

Joined
Feb 3, 2024
Messages
837
3. A “Dead Heat Reduction” involving a bet with more than one finishing position (e.g. Top 10) is calculated as follows:

      1. Divide the number of participants who tied by the number of remaining finishing positions.
      2. Divide your original odds by the result of the calculation immediately above to find the new odds.
      3. Example (note: all calculations should use decimal odds):
        1. You bet $50 wager on a golfer to place in the Top 10 at +200 (3.0) odds.
        2. The event ends with the golfer tying for 8th place with 5 other golfers.
        3. 6 (tied participants) ÷ 3 (8th, 9th, & 10)) = 2.0
        4. 3.0 (original odds) ÷ 2.0 (new odds) = 1.5 (DHR odds)
        5. $50 x 1.5 = $75 payout
Still don't get why I would get $8075 back. There were 8 golfers at -6 or better. So shouldn't that 19k be divided by 3?
 
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