YOU BET GAME - 2018

Here are the results for Canada.
F1Brits_90 and Titch our joint biggest winners this round. :1st:

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Here are the odds for France (ignore the each way text in the corner)

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New players welcome.
Good luck.
 
I'm a bit confused how I made the exact same bet as Titch but won less. Last time out I was also a bit confused how I won less off a winning bet than someone with an each way stake too. Not being a gambling man it's possible it's something to do with me not understanding odds or something but I am a tad confused.
 
20 on Vettel for the win.
I think I will go with 20 e/w on Vettel

I'm a bit confused how I made the exact same bet as Titch but won less.
No you didn't. Titch went each way which doubles the stake. You went for the win only. £20 for the win costs just £20. Going 20 e.w. costs £40.

The e.w. bets are efecively 2 bets. 1st is on the winner only. 2nd is on a place 1-4th at 1/5th the stated odds.
The examples from post 1 are below.

Example 1: Odds of 10-1
A £10 each-way bet on a 10-1 selection in a race and paying 1⁄5 the odds for a place 1, 2, 3 or 4 would cost £20.
  • Returns on the win part of the bet would be £10 × (10/1) + stake = £110
  • Returns on the place part of the bet would be £10 × ((10/1) × (1/5)) + stake = £30
  • Total returns would be £110 + £30 = £140 if the driver won the race, but just £30 if the driver only finished second, third or forth.
Example 2: Odds of 5-1
A £10 each-way bet on a 5-1 selection in a race and paying 1⁄5 the odds for a place 1, 2, 3 or 4 would cost £20.
  • Returns on the win part of the bet would be £10 × (5/1) + stake = £60
  • Returns on the place part of the bet would be £10 × ((5/1) × (1/5)) + stake = £20
  • Total returns would be £60 + £20 = £80 if the driver won the race, but just £20 if the driver only finished second, third or forth, meaning you would break even.
Example 3: Odds of 2-1
A £10 each-way bet on a 2-1 selection in a race and paying 1⁄5 the odds for a place 1, 2, 3 or 4 would cost £20.
  • Returns on the win part of the bet would be £10 × (2/1) + stake = £30
  • Returns on the place part of the bet would be £10 × ((2/1) × (1/5)) + stake = £14
  • Total returns would be £30 + £14 = £44 if the driver won the race, but just £14 if the driver only finished second, third or forth, meaning you would be down £6 from your initial stake money.
 
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