Bet results, I'm confused :S ?

Gustov · 23 Sep 2009 at 22:18

1
English
Manchester Utd vs Wolves
Match betting
2009-09-23 20:00:00
Manchester Utd @ 1.30
Win

2
English
Chelsea vs QPR
Match betting
2009-09-23 19:45:00
Chelsea @ 1.20
Win

3
English
Manchester City vs Fulham
Match betting
2009-09-23 20:00:00
Manchester City @ 1.40
Lose

4
English
Aston Villa vs Cardiff
Match betting
2009-09-23 19:45:00
Aston Villa @ 1.44
Win

5
English
Preston vs Tottenham
Match betting
2009-09-23 19:45:00
Tottenham @ 1.66
Win
Channel Internet
Bet Placed At 23/09/2009
Bet Type Fourfolds from 5
Stake Per Line £1.00
Number Of Lines 5
Total Stake Paid £5.00
Total Tax @0.00% (Stake) £0.00
Winning lines 1
Losing lines 4
Void Lines 0
Returns £3.76

I put on £5 (fourfold) 4/5 teams I got the correct prediction so I assumed I'd have won? :confused:

£3.76 from £5.00 for getting 4/5 right on a fourfold? I assumed a fourfold meant I could get 1 wrong? Told me the winnings would be £18

Sylv · 23 Sep 2009 at 22:40

You've got a £1 stake for each line. From those decimals into fractions are all odds on.
Man Utd @ 1/3
Chelsea @ 1/2
Aston Villa @ 1/4
Spurs @ 1/6

= £3.76 returns from a £1 stake, if your last selection came in it would have been more.

Gustov · 23 Sep 2009 at 22:43

pffffffffffffffft! That's one hell of a con

If I would have got them all right on an accumulator I would have got £30, i get one wrong and I get £3.76!? I assumed I would have got £18

What is the point of a fourfold if I get less money back than I put on !

Psycho Sonny · 23 Sep 2009 at 22:47

Gustov said:
pffffffffffffffft! That's one hell of a con

If I would have got them all right on an accumulator I would have got £30, i get one wrong and I get £3.76!? I assumed I would have got £18

What is the point of a fourfold if I get less money back than I put on !

well its like a safety bet, say you know 5 teams who you think are all going to win, if 1 lets you down, you make your money back (roughly) so you dont lose anything, if all 5 win your up quite a lot, if 2 lose your down whatever your stake was

thats why you should just do normal accumulators, these types of bets are never worth it

jakeke · 23 Sep 2009 at 22:48

If it was an accumulator you would have lost everything, at least this way you didn't I guess

Gustov · 23 Sep 2009 at 22:53

jakeke said:
If it was an accumulator you would have lost everything, at least this way you didn't I guess

But even If I'd have won the expected £18 I'd stll have lost out on £12 if I'd have got them all right

Seems a bit harsh to me!

Psycho Sonny · 23 Sep 2009 at 23:02

like i said above - its like a safety bet

by doing such a bet your gains are always lower, but so are your losses

Sylv · 23 Sep 2009 at 23:02

Essentially, your banking on your acca to come in and your profit is increased even further with the multiples, this is why the potential returns are high. If one loses, as it has here, you still get some returns back, depending on the number of multiples that you've put in.

So your bet, only has 1 winning combination rather than 5.