Unitab what the ....???? The PLACE to be

[mal]

Port Pirie trots
Sunday 11/5/2014
Race 2 dividends

1.30 win
REFUND PLACE

As I understand it , and how its been explained , is that whoever backed the winner for a place , had the bet annulled and refunded.

IS THIS WHAT HAPPENED ?
The place pool was $1317
Less commissions of say about 20% leaves a pool of just over $1050
It looks like most of the place money invested was on the hot fav, Freds A Safari
The $1050 must be split 3 ways for 3 dividends
The split for Freds A Safari prob equated to a dividend of less than $1-00 [most prob about $0-75-$0-85 cents]

So it appears that Unitab has refunded monies on the fav for this reason
That's a good deal if you backed it
Rather than risking your money for a $1-00 div, you get a refund
Seems a sporting deal, I must say given the particular circumstances

BUT
Its a lottery
Race 7 , same meeting
Lombo Del Rosso , the other shorty for the day had a declared div of $1-00 , money back
No such REFUND
Back this nag , and its unplaced , ya do ya money cold

OTHER TABS
The $1.00 money back by Unitab has been a bit of a miff and considered a rip off by many punters
Supertab and NSW consistently give a $1-04 minimum return on shorties
They do have a $1-00 return , when an exceptional amount is invested on a runner


REFUND
I've seen it another time as a div on Unitab , had thought it was a typo error or whatever
Is this REFUND div a gimmick of sorts to attract place punters on shorties?

REFUND why is it so ?

[stampy]

the great mans roughie for the meeting maybe?

[mighty_tiger_79]

Wait till they ban you. .....

[Trader]

There is no difference between paying $1.00 or issuing a refund!!!

That's a good deal if you backed it
Rather than risking your money for a $1-00 div, you get a refund
Seems a sporting deal, I must say given the particular circumstances

If it's unplaced, you've done your money as well. No different to the $1.00 dividend.

[mal]

There is no difference between paying $1.00 or issuing a refund!!!

That's a good deal if you backed it
Rather than risking your money for a $1-00 div, you get a refund
Seems a sporting deal, I must say given the particular circumstances

If it's unplaced, you've done your money as well. No different to the $1.00 dividend.

I will elaborate
$1.00 div = bet on irrespective if it places on unplaces
REFUND dividend = your bet is cancelled, no matter where the runner finishes

In essence REFUND means
Cant lose , cant win , the bet is off
Better than the $1-00 div , where you cant win , but can lose

[Trader]

There is no difference between paying $1.00 or issuing a refund!!!

That's a good deal if you backed it
Rather than risking your money for a $1-00 div, you get a refund
Seems a sporting deal, I must say given the particular circumstances

If it's unplaced, you've done your money as well. No different to the $1.00 dividend.

I will elaborate
$1.00 div = bet on irrespective if it places on unplaces
REFUND dividend = your bet is cancelled, no matter where the runner finishes

In essence REFUND means
Cant lose , cant win , the bet is off
Better than the $1-00 div , where you cant win , but can lose

Ok, so they void the bet, seems an interesting method.

Lets assume you want to back a roughie in the race. If it places, it might pay say $10s?
If it places and the red hot favourite misses a place, all of a sudden you only get $1.50, cause the bookie gave back all the void bets that otherwise would have been handed out??

Not sure Refund is a good thing overall.

[mal]

Very very very good point Trader

If the TAB refunds monies on $1-00 favs
This would or could mean the other runners prices might significantly drop
This might or could be happening after youve invested your money

[wooly]

There is no difference between paying $1.00 or issuing a refund!!!

That's a good deal if you backed it
Rather than risking your money for a $1-00 div, you get a refund
Seems a sporting deal, I must say given the particular circumstances

If it's unplaced, you've done your money as well. No different to the $1.00 dividend.

I will elaborate
$1.00 div = bet on irrespective if it places on unplaces
REFUND dividend = your bet is cancelled, no matter where the runner finishes

In essence REFUND means
Cant lose , cant win , the bet is off
Better than the $1-00 div , where you cant win , but can lose

But is the refund declared as soon as they jump or only after the result. Because if it doesn't run a place then fair chance it wouldn't be a declared as a Refund dividend, therefore no difference between $1.00 div or Refund dividend.

[jackpot jim]

Whoever backs anything for a place on the tote is a F******G Idiot anyway. Place dividends are generally a disgrace on the tote and try putting any sort of decent size bet on it and watch what happens.