Lucky 15 Challenge Rules

SamTummo
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Lucky 15 Challenge Rules

Postby SamTummo » Sat Oct 21, 2006 12:59 pm

WELCOME

Welcome to the Lucky 15 Challenge. Deco, Nedrabb and I will be overseeing the competition. All three of us have donated money from our OLBG accounts to the prize fund for November. Please acquaint yourself with the rules below and good luck with your selections. Any questions feel free to ask.


HOW TO ENTER

New entrants can join at any time during the month (but see Entry Requirement 4 below) by doing the following:

1 READ the rules below very carefully – this is most important as it will avoid misunderstandings!

2 Scroll down to the stencil below and SELECT (highlight) and COPY (Ctrl + C) this.

3 Click NEW TOPIC.

4 In Subject Box TYPE in Your Username’s Lucky 15s (month and year) e.g. SamTummo’s Lucky 15s (Nov 06) or Deco’s Lucky 15s (Nov 06) etc.

5 PASTE (Ctrl + V) stencil into the post pane.

6 TYPE the entry number and date e.g. Entries: 1 Date: 1 Nov 06.

7 TYPE your four selections with race meetings and times e.g Winning Streak 2.30 Kempton etc.

8 Click SUBMIT. You have now created your own monthly thread and have made your first entry.

9 When you know the results for your selections, go back to this post and click EDIT.

10 Indicate which of your selections have won or are NRs and add the SPs e.g. Winning Streak 2.30 Kempton 1st 7/1. (If you wish, you can indicate placed horses and their SPs although these will not be counted in the competition proper).

11 Enter your profit/loss for the day as well as the running profit/loss total.

12 On subsequent days, you simply go to your thread, click EDIT in your last post and SELECT (Ctrl + A) and COPY (Ctrl + C) it. Then Close it (click Submit). Then click Post Reply and a new blank post pane will appear. PASTE (Ctrl + V) your previous entry into the new pane, update it with new entry number, date, opening profit/loss and your selections and SUBMIT it.

NB Do not use New Post to create subsequent entries as this will mean you will have multiple threads each month which make a complete mess of the Forum. Always use Post Reply to keep all your monthly entries together in one thread.


ENTRY STENCIL

Entry No:
Date of races:

Opening Profit/Loss:


Selection 1:
Selection 2:
Selection 3:
Selection 4:


Day Profit/Loss:

Closing Profit/Loss:


COMPETITION RULES

General

1 The Lucky 15 challenge is for Irish and UK horse racing meetings only! (interested in doing football Lucky 15s? - Check out the Football Idol Forum!)

2 The Challenge is based on a £1 WIN ONLY Lucky 15 (total stake £15). ----- no Lay or e/w bets for this challenge

3 All Odds are calculated at SP.

4 Usual bookmakers’ consolation of double-the-win-odds applies if there’s only one winner among selections e.g. one winner at 3/1 gives a return of £7 (3 x 2 plus £1 stake) and an overall loss of £8 on the day. This doesn't apply if any selection is a non-runner.

5 Usual bookmakers’ 10 per cent bonus on total returns applies if all four selections are winners. Any combination of winners and non-runners doesn’t qualify for bonus.

6 Rule 4 deductions are ignored for the purposes of the competition.

7 Double result paid for this competition i.e. first past the post and also amended winners declared following stewards' enquiries and/or objections (but excluding results amended subsequent to 'weighed-in').

8 There is a limit of one entry a day per person as this will ensure that everyone's "best four" are selected.

9 Entries must show all four selections at the time of posting. Posts made showing the entry stencil but no selections or an incomplete list of selections will be deemed void EVEN if the list of selections is completed 15 minutes or more before the first selection is due to run.
10 Please do not include polls in your thread as they are not allowed


Prizes (November '06)

1 A prize of £10 will be awarded to the entrant who makes the highest profit during the month.

2 Prizes of £5 will be awarded to the two entrants who make the second and third highest profit during the month.

3 In the event of a tie, the number of winners achieved during the month will determine placings. If there is still a tie, the highest daily profit figure achieved during the month will determine placings. If this still does not determine placings, prizes will be divided.

4 Prizes will be not be awarded if the highest entrants do not achieve a profit on their selections. If no Entrants achieve profit all Prizes will roll into December.

Entry requirements

To qualify for prizes and to be included in the weekly and final monthly tables, entrants must:

1 Use the stencil provided to make entries. This must clearly show the number of entries, the day’s date, opening profit/loss, and four selections with race times and meetings.

2 Post their entries no later than 15 minutes before the advertised race time of the first selection due to run. (Entries will be monitored to ensure this requirement is met.)

3 Self-score on the stencil by clearly showing winners and their SPs, non-runners, day’s profit/loss and running profit/loss. (Entrants may also show placed horses and their SPs although these won’t count toward the competition.) For details on how to calculate a Lucky 15, see the next post in this sticky.

4 Make at least 10 entries during the month of which at least three must be made in the last 10 days of the month to prevent high fliers sitting on their profits. (Entrants who are unable to achieve the minimum number of entries can submit entries on the understanding that they will not qualify for the monthly prizes.)

Amending selections

1 Entrants may amend selections provided these are done no later than 15 minutes before the advertised race time of the first selection due to run. (Entries will be monitored to ensure this requirement is met.)

2 Entrants may nominate one substitute in each of the races selected. Substitutes should be shown clearly in brackets as in the following example:

SELECTION A (Selection B) 2.15 Cheltenham
SELECTION A (Selection B) 2.45 Cheltenham
SELECTION A (Selection B) 3.15 Cheltenham
SELECTION A (Selection B) 3.45 Cheltenham

If any Selection A does not run, Selection B automatically becomes the selection in that race.

Other

This is a competition where we all have a lot of fun and friendly banter. So let’s keep it that way. Just a little warning to anyone – and we’re sure there aren’t any – who may have other ideas, or simply refuses to abide by the rules. You’ll be barred, full stop. As for everyone else, good luck with your selections and enjoy yourselves!
Last edited by SamTummo on Thu Nov 02, 2006 10:46 am, edited 6 times in total.
and it's a Grand Old Team to play for...

SamTummo
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Postby SamTummo » Fri Oct 27, 2006 12:48 pm

For anyone who isnt sure how to work out a Lucky 15...

Many Thanks to Nedrabb for this write up! :win:

WHAT IS A Lucky 15?
This consists of 15 bets:
4 singles
6 doubles
4 trebles
1 accumulator

It’s actually a Yankee bet (11 bets) plus 4 singles. A consolation of double-the-odds is paid if only one selection wins and a bonus of 10 per cent is added to total returns if all four selections win. The consolation and bonus do not apply if any selections are non-runners.

USING AN ONLINE CALCULATOR
Copy the following URL and paste it to your address bar. If you're going to use it regularly, bookmark it.

http://www.Ladbrokes.com/betCalculator/betCalc.html

When Bet Calculator pane opens, ensure Fractions button is selected and choose Lucky 15.
When Lucky 15 pane opens, enter the price of each of your winners e.g for a 4/6 winner enter 4 in the left box and 6 in the right box.
Click Win button for all winners, the Loser button for all losers and NR button for all non-runners.
Enter 1 for unit stake.
Click Calculate

Note that the return shown on this calculator automatically includes a double-the-odds consolation for one winner but does not include the 10 per cent bonus for four winners. If you’re lucky enough to find all four winners, you’ll have to add this 10 per cent yourself. And remember to add it to your total returns, not your profit.

Your profit/loss is whatever the return shows (plus the bonus if it applies) minus £15.

For the purposes of this competition, Rule 4 deductions are ignored.

If one of your selections dead-heats for first place, click the Help button on the calculator to find the procedure.

USE FRACTIONAL ODDS IF YOU CAN
If you can, always work in traditional fractional odds – that’s what bookmakers do when settling Lucky 15 bets unless you specifically take prices at their decimal equivalents. The problem with decimal equivalents is that these are usually rounded down to the nearest second decimal point. An odd-ball price such as 4/6, for example, becomes 1.66 when it is actually 1.6666666666666666 etc. This can make a difference, especially in multiple bets such as a Lucky 15. Take a £1 Lucky 15 with four winners each at 4/6. If the conventional 1.66 is used as the decimal equivalent of 4/6, the profit on the bet including the 10 per cent bonus is £38.97 whereas, if fractional odds are used, the profit is actually £39.54.

This discrepancy will continue to occur until the day comes (and it will come eventually) when traditional odd-ball fractional odds such as 8/11, 4/6, 13/8, 100/30 etc will disappear altogether to be replaced with the odds you get at present on the betting exchanges. So the message is clear. Always ask for traditional fractional odds when you place a bet with your bookie. Look what a difference it could make to your £100 18-horse bookie-busting accumulator on a bunch of hotpots all at 4/6. Decimal odds on such a bet return £916,105.44. Fractional odds return £984,639.76. Think of how many pints of beer the extra £68,534.32 would buy. Say no more!

WANT TO KNOW HOW TO CALCULATE A Lucky 15 YOURSELF?

STEP 1 Add 1 to the SP of each of your winners.
For example, with 4/6 the equivalent whole number is 6/6 (equals 1) so adding this makes 10/6. Adding 1 to 5/4 means adding 4/4 (equals 1) to becomes 9/4, 2/1 means adding 1/1 (equals 1) to become 3/1, 5/2 means adding 2/2 (equals 1) to become 7/2, 3/1 means adding 1/1 (equals 1) to become 4/1 and so on.

STEP 2 Calculate the single bets
Simply total the added-on figures for each winner.
Example: 2 winners at 4/6 and 2/1. Added-on figures are 10/6 and 3/1 respectively. So the return (including stakes) is 10 / 6 + 3 where / means divide. The total is 4.67.

STEP 3 Calculate the doubles
Just multiply the added-on figures of any two winners together.
Example: 2 winners at 4/6 and 2/1. Added-on figures are 10/6 and 3/1. So the return (including stake) is 10 / 6 x 3 / 1 where /means divide and x means multiply (no need to divide by 1 as it doesn’t affect the answer). If you’re using a calculator (usually best), this will show the answer as 4.9999999999999 etc. This is 5.00.

STEP 4 Calculate the trebles
Just multiply the added-on figures of any three winners together.
Example: 3 winners at 4/6, 2/1 and 5/2. Added-on figures are 10/6, 3/1 and 7/2. So the return (including stake) is 10 / 6 x 3 x 7 / 2. Your calculator will show the answer as 17.49999999999999 etc. This is 17.50.

STEP 5 Calculate the fourfold
Just multiply the added-on figures of all four winners together
Example: 4 winners at 4/6, 2/1, 5/2 and 3/1. Added-on figures are 10/6, 3/1, 7/2 and 4/1. So the return (including stake) is 10 / 6 x 3 x 7 / 2 x 4. Your calculator will show the answer as 69.9999999999999 etc. This is 70.00.

STEP 6 Calculate the total return and profit/loss
Just add up the totals for singles, doubles, trebles and fourfold and subtract 15 (total stakes) to get your profit/loss.

CHECK LIST OF HOW MANY CALCULATIONS NEED TO BE DONE
Use this check list to ensure you calculate your Lucky 15 correctly. Simply go to the item that lists the number of winners and non-runners you have and this will show you what calculations are necessary. Note that, if you have a non-runner with one or more winners, a double becomes a single, a treble becomes a double and a fourfold becomes a treble.

If you have:
0 winners and 0 non-runners you have 15 losing bets and lose £15.00
0 winners and 1 non-runner you have 14 losing bets and lose £14.00
0 winners and 2 non-runners you have 12 losing bets and lose £12.00
0 winners and 3 non-runners you have 8 losing bets and lose £8.00
0 winners and 4 non-runners you have no losing bets and get all your money refunded

1 winner and 0 non-runners
You qualify for double-the-odds one winner consolation
Example: one winner at 4/6
Double the odds (4/6 multipied by 2 equals 1.33) and add the stake of £1 = £2.33 return
Profit/loss = -£12.67.

1 winner and 1 non-runner
2 singles on the winner (one is a double that becomes a single)
1 x £1 refund for single bet on non-runner.

1 winner and 2 non-runners
4 singles on the winner (two are doubles that become singles and one is a treble that becomes a single)
2 x £1 refunds for singles on the two non-runners
1 x £1 refund for the double on the two non-runners

1 winner and 3 non-runners
8 singles on the winner (three are doubles that become singles, three are trebles that become singles and one is a fourfold that becomes a single)
3 x £1 refunds for singles on the three non-runners
3 x £1 refunds for the doubles on the three non-runners
1 x £1 refund for the treble on the three non-runners

2 winners and 0 non-runners
1 single on the first winner
1 single on the second winner
1 double

2 winners and 1 non-runner
2 singles on the first winner (one is a double that becomes a single)
2 singles on the second winner (one is a double that becomes a single)
2 doubles on both winners (one is a treble that becomes a double)
1 x £1 refund for single on non-runner

2 winners and 2 non-runners
4 singles on the first winner (two are doubles that become singles and one is a treble that becomes a single)
4 singles on the second winner (two are doubles that become singles and one is a treble that becomes a single)
4 doubles on the two winners (two are trebles that become doubles and one is a fourfold that becomes a double)
2 x £1 refund for singles on the two non-runners
1 x £1 refund on the double on the two non-runners

3 winners and 0 non-runners
1 single on the first winner
1 single on the second winner
1 single on the third winner
1 double on the first and second winners
1 double on the first and third winners
1 double on the second and third winners
1 treble on all three winners

3 winners and 1 non-runner
2 singles on the first winner (one is a double that becomes a single)
2 singles on the second winner (one is a double that becomes a single)
2 singles on the third winner (one is a double that becomes a single)
2 doubles on the first and second winners (one is a treble that becomes a double)
2 doubles on the first and third winners (one is a treble that becomes a double)
2 doubles on the second and third winners (one is a treble that becomes a double)
2 trebles on all three winners (one is a fourfold that becomes a treble)
1 x £1 refund for single on non-runner

4 winners 0 non-runners
1 single on the first winner
1 single on the second winner
1 single on the third winner
1 single on the fourth winner
1 double on the first and second winners
1 double on the first and third winners
1 double on the first and fourth winners
1 double on the second and third winners
1 double on the second and fourth winners
1 double on the third and fourth winners
1 treble on the first, second and third winners
1 treble on the first, second and fourth winners
1 treble on the first, third and fourth winners
1 treble on the second, third and fourth winners
1 fourfold on all four winners
Plus a bonus of 10 per cent of the total returns
and it's a Grand Old Team to play for...

angila
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Postby angila » Tue Dec 21, 2010 11:09 am

To begin the discussion I'd like to talk about the chances of Tell Massini in the 3.15 Newbury.

This is undoubtedly a class horse, but there are also some interesting contenders taking the larger obstacles for the first time in this grade 2 race. It would be somewhat of a surprise if Tell Massini wasn't involved at the business end of the race, but at a shade over even money (11/10) does this represent value to anybody?

Any thoughts would be appreciated

gblosports
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Postby gblosports » Thu Nov 17, 2011 6:33 pm

Looked good this, guess it's not going anymore ?

maxwin
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Postby maxwin » Wed Nov 05, 2014 6:28 am

You can register for this competition yet or it has been closed?

titans choice
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Postby titans choice » Mon Jun 27, 2016 1:07 pm

does anyone on here do lucky 15s and is it better to do bigger odds are to back favourites?

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