Rule 4 Deductions

Hi there,

I had an issue this week with a race. I had a £10 back bet elsewhere, and a lay bet on smarkets. It should have equated to a 50p loss, but rule 4 deductions came into play.

To cut a long story short, I ended up with a £40 hit. I’ve never had this kind of disparity before - my back bet was reduced by 25p in the £1 in line with the bookmaker regs, but the smarkets lay bet was reduced by 2.5%.

I’d be most keen to understand why this happened, but it was very disappointing that live chat wouldn’t help me understand why, and just re-stated facts.

Anyway, I still don’t understand why it happened the way it did, but lesson learnt - I’ll be a lot more careful using smarkets on horse racing.

The way rule4s are done on the exchanges is very different to the bookies can often create problems.
The exchanged take the %age from the whole bet rather than just the winnings. Normally it is a fairer way of working it out.