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Your Price / Six beliefs
Six claims, six verdicts

Six beliefs about a quoted price, checked

Every claim on this page is one a reader is likely to have met, and each is checked against the ten samples rather than against an opinion. Four do not survive contact with the arithmetic, one is partly right, and one is simply true.

Desk spec
claims
6
false
4
partly
1
true
1
the market priceThe price shown beside a selection before an account is considered. On the samples it is 1.90 on every screen, and it is the price the receipt is measured against.
the quoteThe price your own account is offered. Across 120 accounts on one selection it ran from 1.88 to 2.00, a spread of 6.4%, and 42 of the 120 accounts were offered the market price exactly.
the receiptThe price at the moment you accept governs the bet. Of 100 disputed quotes the receipt price governed 100 and the headline price governed none of them.
Direct answer

Four of the six beliefs below are false on the samples, one is partly right and one is true. The displayed price is not the price an account gets, a larger stake is quoted better rather than worse, a promotion adds a flat sum rather than a rate, and a longer price is not simply a better one because it arrives with a smaller ceiling.

The six beliefs

false

The displayed price is the price you get

The market price was 1.90 for all 120 accounts and only 42 of them were quoted it. The other 78 were quoted something else, and the displayed price governed none of the 100 disputes in the sample.

false

A bigger bet is priced worse

The stake ladder runs the other way: 1.86 in the smallest band against 1.98 in the largest, a range of 6.5%. The band manages the operator exposure, so the largest stake is quoted best rather than worst.

partly

A promotion improves the price

It improves the price on a slice of the bet and no more. A headline 2.20 with a 10.00 cap is worth 3.00, which is 15.8% of a 10.00 bet and 0.8% of a 200.00 one, because everything above the cap is repriced at the market price.

false

A longer price is always the better price

It is a longer price with a smaller ceiling. On the samples 2.10 carried a 20.00 ceiling and 1.70 carried a 100.00 ceiling, so the shortest price returned 170.00 and the longest returned 42.00 - 4.05 times less in total.

false

A new account resets the price

The tier ladder runs in favour of the account that has been open longest: 1.90 for a new account and 1.98 for a hosted one. A new account sits at the bottom of that ladder rather than at the top of it.

true

The receipt is the record, not the screen

Of 100 disputed quotes the receipt price governed 100 and the headline governed 0. The accepted price is the price the bet was made at, and it is the only one of the three records that describes the bet.

Why the four false ones persist

Each of the false beliefs is a reasonable inference from a screen that does not show the mechanism. A screen that displays one price for everyone looks like a price. A promotion that shouts a number looks like a rate. A longer price looks like a better one. Each belief is corrected by one multiplication.

the four false beliefs, corrected by arithmetic displayed price is the price you get: 42 of 120 accounts quoted 1.90 -> 78 were quoted something else a bigger bet is priced worse: 1.86 in band 1 against 1.98 in band 5 -> 1.98 / 1.86 = 6.5% the other way a promotion is a rate: 3.00 flat at a 10.00 cap -> 15.8% of a 10.00 bet, 0.8% of a 200.00 one a longer price is a better price: 100.00 x 1.70 = 170.00 against 20.00 x 2.10 = 42.00 -> 4.05 times apart on the same selection, in the same minute, at the same market price.
Check a price claim before believing it
  • Is the claim about a rate or about a flat sum? Multiply it by two stakes to find out.
  • Is the price claimed for every account, or for one band, tier or condition?
  • Is there a ceiling beside the price, and is it in money or in units of the stake?
  • Does the claim survive being tested on a second selection and a second stake?
  • Is the claim about the price or about the potential return, which are different numbers?

Read next

The mechanismsThe four causes behind a quoteThe capWhy a maximum stake is a flat sumThe chosen priceWhy a longer price has a smaller ceilingQuestionsThe subject answered in twelve questions