1. 03-14-12 09:20 PM #1
    indzrul
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    Ohio State winning the Big Ten Future bet question

    I bet Ohio State to win the Big Ten Championship. I risk $330 to win $300 there was a 3 way tie. They said it was dead heat rule and I ended up losing $120 on the bet. Is this normal for grading futures? I figured I would win 1/3 of the bet. I am just wondering if this is how every sports book would grade this.
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  2. 03-14-12 10:00 PM #2
    mrpooh
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    Yes, you should have won 1/3 your bet, so you should be up $100, not down.
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  3. 03-14-12 10:07 PM #3
    indzrul
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    The way they graded it was the dead heat rule. They broke it down into 3 plays. I won 1 bet and lost 2.
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  4. 03-14-12 10:28 PM #4
    LT Profits
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    Quote Originally Posted by mrpooh View Post
    Yes, you should have won 1/3 your bet, so you should be up $100, not down.
    Quote Originally Posted by indzrul View Post
    The way they graded it was the dead heat rule. They broke it down into 3 plays. I won 1 bet and lost 2.
    No they graded it right. What indzrul said in last post is correct
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  5. 03-14-12 10:48 PM #5
    indzrul
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    Well got a few different answers. Did anyone else bet this? How did their book grade it?
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  6. 03-15-12 08:54 AM #6
    LT Profits
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    Quote Originally Posted by indzrul View Post
    Well got a few different answers. Did anyone else bet this? How did their book grade it?
    This isn't a debate. LOL The dead heat rule works exactly as you described in post #3. You lost a few bucks because the team you took was odds on, meaning you would have even lost on a two-way tie (-$15). In a three-way dead heat, your play has to be +200 to break even.
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  7. 03-15-12 07:10 PM #7
    indzrul
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    Thanks for your help. I read the rules and understand how they graded it. I was wondering if this was how all books graded this type of wager, or if some book graded it other ways.
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  8. 03-15-12 07:13 PM #8
    milwaukee mike
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    i think this is a pretty common grading procedure on a futures bet
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  9. 03-15-12 07:14 PM #9
    indzrul
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    Thanks guys good luck on all ur wagers!!!!!
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