re:5dimes racebook payoffs

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  • garyking
    SBR Wise Guy
    • 01-18-07
    • 684

    #1
    re:5dimes racebook payoffs
    Just wondered if anyone has had a similar experience to this. Today i hit three of three on my win 3 ticket at 5dimes. However, the ticket paid only two of three at the actual track. 5 dimes paid me for two of three on one ticket resulting in an actual loss on the wager. pretty frustrating when you hit something that would have paid huge if one person at the track could have vit three of three, but you end up losing money on the ticket.anyone else ever have an experience like this. Guess thats the price you pay when using the offshore books
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    I have heard that happening before, play at legal usa shops when it comes to racing.
    Comment
    • garyking
      SBR Wise Guy
      • 01-18-07
      • 684

      #3
      yeah i guess i shoulda played it at pinnacle, at least their policy is clearly stated, they actually check the pool from the track and give you the whole thing (minus 20%)
      Comment
      • pokernut9999
        SBR Posting Legend
        • 07-25-07
        • 12757

        #4
        They pay track odds !!!! No live track would pay any different.
        Comment
        • colt29
          SBR Sharp
          • 03-22-07
          • 381

          #5
          Same thind happenned to me at islandcasino. They have a stipulation on the max they pay on exotics, and straight bets. You dont see it on any website unless you have to search for it after they screw ya. I hit a 50$ exacta box that paid 498.00 . Should have paid 12,450.00, but in their website it said max odds 250/1. Got paid 7500. Hosed for 5000, and nothing you can do.
          Comment
          • michael777
            SBR MVP
            • 09-20-05
            • 1936

            #6
            Originally posted by pokernut9999
            They pay track odds !!!! No live track would pay any different.
            100% untrue,they do not pay track odds,look at their racebook payout chart
            Comment
            • michael777
              SBR MVP
              • 09-20-05
              • 1936

              #7
              Wager Type Major Tracks Other Tracks
              Win 110/1 50/1
              Place 40/1 25/1
              Show 20/1 15/1
              Quinella 110/1 100/1
              Exacta 165/1 150/1
              Trifecta 550/1 500/1
              Superfecta 1650/1 1500/1
              Daily Double 165/1 150/1
              Pick 3 550/1 500/1
              Pick 4 1650/1 1500/1
              Pick 5 3300/1 3000/1
              Pick 6 5500/1 5000/1
              Comment
              • pokernut9999
                SBR Posting Legend
                • 07-25-07
                • 12757

                #8
                I said any LIVE TRACK that means in person.
                Comment
                • pokernut9999
                  SBR Posting Legend
                  • 07-25-07
                  • 12757

                  #9
                  If your not tied into pool no ones is going to check if you had 3 of 3 and pay u the handle
                  Comment
                  • garyking
                    SBR Wise Guy
                    • 01-18-07
                    • 684

                    #10
                    the funny thing is this can't be that uncommon, triactors, etc pay all for third fairly often, yet they seem to have no policy listed on their website. Checked with live chat, got the runaround, they told me to call back tomorrow. Checked the actual track, pool was only about 1100, coulda been worse. woulda been ok if even just one fool at the track woulda hit it. Odds were 2-1, 5-2 and 27-1
                    Comment
                    • pokernut9999
                      SBR Posting Legend
                      • 07-25-07
                      • 12757

                      #11
                      what track
                      Comment
                      • garyking
                        SBR Wise Guy
                        • 01-18-07
                        • 684

                        #12
                        assiniboia downs, race 2,3,4
                        Comment
                        • garyking
                          SBR Wise Guy
                          • 01-18-07
                          • 684

                          #13
                          the funny thing is they paid me 35.20 for 2 of three, (the track payoff) the problem as i see it is i did a $24 ticket which obviously has one combination of three of three and 23 combinations of two of three. if i had gone to the trouble of doing all 24 tickets straight i assume they would have paid me 23 or 24 times and i would have recevied close to the appropriate payoff. I suppose they could justify cancelling the wager, but how can you pay once for 2 of three when there are 24 combinations on that ticket with 2 of 3
                          Comment
                          • pokernut9999
                            SBR Posting Legend
                            • 07-25-07
                            • 12757

                            #14
                            you got a good point there. Would try that on them
                            Comment
                            • jjgold
                              SBR Aristocracy
                              • 07-20-05
                              • 388179

                              #15
                              Too many fukkin rules at offshore books for horses, it is a pure rip off unless you bet 4-1's an stuff.
                              Comment
                              • robmpink
                                SBR Posting Legend
                                • 01-09-07
                                • 13205

                                #16
                                I brought this up to a couple of books since I play pick 4's a lot. When I brought it up to Gameday 3 years ago, they said they would pay out the max payout, I think it was $2,000 or something. Now Bookmaker has the fairest approach. If no one at the track gets 3-3 or 4-4 etc, Bookmaker will pay you what was in the pool minus the track takeout. So, if there was $10,000 in the pool and the take out is 25%, no one hits 4-4, but you have 4-4 at Bookmaker, you'll get $7,500. This is fair. It is important to check on things like this and also what the max payouts are on pick3's pick 4's. Somethimes people forget to check and they have a winner, but get let down when they see the max payout is $600 on a $5,000 winner. I'. 99.9% sure bookmaker does this as I just read the rules last week. I would check for yourself.
                                Comment
                                • robmpink
                                  SBR Posting Legend
                                  • 01-09-07
                                  • 13205

                                  #17
                                  Originally posted by garyking
                                  the funny thing is they paid me 35.20 for 2 of three, (the track payoff) the problem as i see it is i did a $24 ticket which obviously has one combination of three of three and 23 combinations of two of three. if i had gone to the trouble of doing all 24 tickets straight i assume they would have paid me 23 or 24 times and i would have recevied close to the appropriate payoff. I suppose they could justify cancelling the wager, but how can you pay once for 2 of three when there are 24 combinations on that ticket with 2 of 3
                                  I think that if you explain the situation to the horse manager, you should receive the max payout after takeout. If 5 Dimes is a fair book, they will make the correct adjustment up to their paying max odds. Because no one at the track hit the pick 3 shouldn't have any bearings on the fact that you hit 3 out of 3. They know that they aren;t in the mutual pool. This had to happen countless times there. I'm eager to hear what the outcome is because if they don't pay you around the max payout bet, they are a bunch of crooks.
                                  Comment
                                  • Omnivorous Frog
                                    SBR Sharp
                                    • 08-02-07
                                    • 255

                                    #18
                                    I love the 5 Dimes horses. Nobody else gives you a 10% bonus + the amount bet on a winner. The last thing I would say is they are a bunch of crooks. I do have to remind them once in awhile that I hit and they always immediately add it in. But you do bring up a valid caution regarding exotics. In fact, any payoff, but especially exotics.

                                    Read the track limit and payoff rules for every book. Back pages, fine print, whatever. Why? So you know what to expect, and find which books pay the best, up to track odds for certain payouts. Of all the types of wagers, horses vary wildly from book to book. If you go to battle unaware what the results could be, you have already lost it.

                                    Not only have I read each and every books rules I am in, I have printed all of them out. If you do this for fun and entertainment then who cares anyway. But if you do it like an investment, treat it like one, and do your research.

                                    Edit: Not enough caffeine as I had to reread this thread. There was no track payoff, so how would you get track odds when there was no payoff? But thank you for bringing this up. I am on guard for payout limits, not that. Most of my bets are displayed before the race, but if they were 9999 then I would think I will not get this paid if no one hits. Guess I have never hit a bet that no one on track did either. That must be a very low handle track as someone would have hit that at any track I play at.
                                    Comment
                                    • Omnivorous Frog
                                      SBR Sharp
                                      • 08-02-07
                                      • 255

                                      #19
                                      Originally posted by garyking
                                      the funny thing is this can't be that uncommon, triactors, etc pay all for third fairly often, yet they seem to have no policy listed on their website. Checked with live chat, got the runaround, they told me to call back tomorrow. Checked the actual track, pool was only about 1100, coulda been worse. woulda been ok if even just one fool at the track woulda hit it. Odds were 2-1, 5-2 and 27-1
                                      This post says it all. They were short of fools that day. 1100 pool? I've seen turtle races with better action. And I can't remember any book even addressing this issue in the rules.
                                      Comment
                                      • robmpink
                                        SBR Posting Legend
                                        • 01-09-07
                                        • 13205

                                        #20
                                        Originally posted by Omnivorous Frog
                                        This post says it all. They were short of fools that day. 1100 pool? I've seen turtle races with better action. And I can't remember any book even addressing this issue in the rules.
                                        5. If the track payout on a race pays to ALL on Super/Trifectas, pays out 2 of 3 on a Pick 3, or 3 or 4 on a Pick 4, and BookMaker client's wager has the exact ticket, the customer will be paid out the whole minus the takeout percentage. If pool information is not available, the payout will be 3x's the consolation payout period. If take out information is not available, it will default to 20%. If paid out to the whole pool, consolation payouts on the same rates will not apply. All normal tracks limits are still applicable.

                                        Straight from Bookmakers website.


                                        I don't feel bad for anyone who is complaining about getting paid the max that the book offers even though the winner would have paid a lot more at the track. By not addressing it in the rules it leaves 5 Dimes the opportunity to rip people off in situations like this.

                                        The max that 5 Dimes pays out is ok. I've seen better and worse. It isn;t about the odds, its about having someone with morals review the case and make an educated decision and what to do.
                                        Comment
                                        • Omnivorous Frog
                                          SBR Sharp
                                          • 08-02-07
                                          • 255

                                          #21
                                          Originally posted by robmpink
                                          5. If the track payout on a race pays to ALL on Super/Trifectas, pays out 2 of 3 on a Pick 3, or 3 or 4 on a Pick 4, and BookMaker client's wager has the exact ticket, the customer will be paid out the whole minus the takeout percentage. If pool information is not available, the payout will be 3x's the consolation payout period. If take out information is not available, it will default to 20%. If paid out to the whole pool, consolation payouts on the same rates will not apply. All normal tracks limits are still applicable.

                                          Straight from Bookmakers website.


                                          I don't feel bad for anyone who is complaining about getting paid the max that the book offers even though the winner would have paid a lot more at the track. By not addressing it in the rules it leaves 5 Dimes the opportunity to rip people off in situations like this.
                                          I have never seen that addressed before? Reminds me of the unaddressed F1 racing rules. Maybe Bookmakers has to address it as it is a more common occurance at the low handle tiny pool tracks. I am not sure 5 dimes or any other book that does not have this rule addressed is doing it to intentionally rip people off. Very interesting though. Do any non British books address this anywhere? Obviously this person should have been betting his pk3 at Bookmakers, finding that his investment would be best return here?
                                          Comment
                                          • bigboydan
                                            SBR Aristocracy
                                            • 08-10-05
                                            • 55420

                                            #22
                                            Originally posted by jjgold
                                            I have heard that happening before, play at legal usa shops when it comes to racing.
                                            I played the ponies one time there, and never again coach. I'll stick with going to the track indeed.
                                            Comment
                                            • garyking
                                              SBR Wise Guy
                                              • 01-18-07
                                              • 684

                                              #23
                                              after much discussion 5dimes decided that rather than paying for two of three, that the wager should have been refunded. Last time that i play the races there. Bunch of crooks as far as i'm concerned.
                                              Comment
                                              • Omnivorous Frog
                                                SBR Sharp
                                                • 08-02-07
                                                • 255

                                                #24
                                                I was afraid to float that out there. But since you made an issue of it at the forums I guess if they saw this that is your thanks. Since it was not covered by the rules they can make any interpretation they want, same as the F1 fiasco. So it was cancelled because no track payout? They paid and then unpaid you?
                                                Comment
                                                • jjgold
                                                  SBR Aristocracy
                                                  • 07-20-05
                                                  • 388179

                                                  #25
                                                  Originally posted by garyking
                                                  after much discussion 5dimes decided that rather than paying for two of three, that the wager should have been refunded. Last time that i play the races there. Bunch of crooks as far as i'm concerned.
                                                  exactly
                                                  Comment
                                                  • Omnivorous Frog
                                                    SBR Sharp
                                                    • 08-02-07
                                                    • 255

                                                    #26
                                                    Originally posted by jjgold
                                                    exactly
                                                    If you think any book is going to rule in your favor, especially after raising cain about it on the forums, when there are no rules in place then you don't know this business. I would have kept my mouth shut, took what they gave me and started a horse account somewhere else. There is no protection like self protection. This was a good watch and learn thread. You said it yourself, you only needed one fool to bet what you did on track. Did the crooks set that up? That is bad luck.
                                                    Comment
                                                    • garyking
                                                      SBR Wise Guy
                                                      • 01-18-07
                                                      • 684

                                                      #27
                                                      What they originally did is pay me for having one ticket with 2 of three correct at the track payout, which resulted in my getting back less than i spent on the ticket. they then refunded my ticket rseulting in my breaking even of course. still a far cry from getting the whole pool which would have been the result at the track. Unfortunately they are the only book that i have found that accepts wagers on some of the smaller tracks. My dad owns horses there at ASD which is why i sometimes wager there. However i obviously have learned its not worth wagering if you don't get paid when you hit a half decent payoff. Guess it';s really gambling if the fact whether you get paid or not depends on whether or not someone else hits the payoff
                                                      Comment
                                                      • pokernut9999
                                                        SBR Posting Legend
                                                        • 07-25-07
                                                        • 12757

                                                        #28
                                                        This is not funny. Been reading your posts and now I have an issue with them. Hit the late pick 3 at a track last night for 117.50. Was not graded till this morning. They graded it a loss?? I do live help and they come back and said it was fixed. No corrections show up. So live help again and they come back and said it was a loss to call horse department. After many attempts to explain how to read the results they realized I had won. Said software has trouble reading results when scratches are included. They said they will pass this info on to try and correct this problem in the future. Call back in a hour and they will see what they can do. HELLO PAY ME

                                                        only reason I was there is because Bodogs Racebook was down late last night.

                                                        We will see what happen !!!
                                                        Comment
                                                        • Omnivorous Frog
                                                          SBR Sharp
                                                          • 08-02-07
                                                          • 255

                                                          #29
                                                          Originally posted by garyking
                                                          What they originally did is pay me for having one ticket with 2 of three correct at the track payout, which resulted in my getting back less than i spent on the ticket. they then refunded my ticket rseulting in my breaking even of course. still a far cry from getting the whole pool which would have been the result at the track. Unfortunately they are the only book that i have found that accepts wagers on some of the smaller tracks. My dad owns horses there at ASD which is why i sometimes wager there. However i obviously have learned its not worth wagering if you don't get paid when you hit a half decent payoff. Guess it';s really gambling if the fact whether you get paid or not depends on whether or not someone else hits the payoff
                                                          I am glad it came out better for you. Maybe they could consider a carryover pick 3 pool.
                                                          Comment
                                                          • robmpink
                                                            SBR Posting Legend
                                                            • 01-09-07
                                                            • 13205

                                                            #30
                                                            I would have the people here inquire on your behalf with 5Dimes. What they did is horsecrap. Not all books are trying to rip players off. After having someone here consult with them and the decision is still the same, the very least they could do is add this to the rules. I'm willing to bank on it that the rule hasn't been added. A responsible book would add it to the rules. They are a bunch of arogant idiots at 5 Dimes.
                                                            Comment
                                                            • pokernut9999
                                                              SBR Posting Legend
                                                              • 07-25-07
                                                              • 12757

                                                              #31
                                                              I would try again with them too. It took me half the day to explain to them I hit the Pick 3 Last night. Their computers re not set up to regonize scratches and 2 of 3 type things. You pretty much have to walk them thru it.

                                                              It was funny , my pick 3 started in race 9. So they were checking it on the results from race 9. Had to tell them to go to race 11 for the results. It was pretty comical. Finally at 3:30 this afternoon I got paid from race last night.
                                                              Comment
                                                              • betplom
                                                                SBR Posting Legend
                                                                • 09-20-06
                                                                • 13444

                                                                #32
                                                                Originally posted by garyking
                                                                My dad owns horses there at ASD which is why i sometimes wager there. However i obviously have learned its not worth wagering if you don't get paid when you hit a half decent payoff. Guess it';s really gambling if the fact whether you get paid or not depends on whether or not someone else hits the payoff
                                                                Since you are in Canada - Winnipeg? Why not use the absolute best sportsbook available to you?
                                                                that would be Pinnacle, full track odds on exotics, NOT capped at 300-1 or any other garbage.

                                                                I made a large straight bet with TheGreek today and it won at 7-2, I would have bet exotics but Greek limits exotics to a very low 100-1.
                                                                Comment
                                                                • jjgold
                                                                  SBR Aristocracy
                                                                  • 07-20-05
                                                                  • 388179

                                                                  #33
                                                                  5 Dimes does anything not to pay a player on a small issue, they look not to pay.
                                                                  Comment
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