product:horse-racing

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product:horse-racing [2021/04/22 14:04] – mindaugas-bertysproduct:horse-racing [2023/05/20 10:12] (current) – Updated place rules for feeds other than BODS deividas-dunda
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    - **Terms**    - **Terms**
-       - **Win Bet (Straight Bet, or Single)** - a bet placed on one horse in which the chosen greyhound must be the first across the finish line.+       - **Win Bet (Straight Bet, or Single)** - a bet placed on one horse in which the chosen horse must be the first across the finish line.
        - **Exacta (Forecast, Straight Forecast, or Perfecta)** - a bet placed on two horses in which they must cross the finish line in the exact chosen order.        - **Exacta (Forecast, Straight Forecast, or Perfecta)** - a bet placed on two horses in which they must cross the finish line in the exact chosen order.
        - **Trifecta (Tricast, or Treble Forecast)** - a bet placed on three horses in which they must cross the finish line in the exact chosen order.        - **Trifecta (Tricast, or Treble Forecast)** - a bet placed on three horses in which they must cross the finish line in the exact chosen order.
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          - SP Place Bet - a place bet placed using starting price odds and dependent on the number of runners taking part in the race.          - SP Place Bet - a place bet placed using starting price odds and dependent on the number of runners taking part in the race.
          - The payout structure of SP Place bets is as follows:          - The payout structure of SP Place bets is as follows:
-           - PA/SIS Feed:+           - PA/SIS/Support Feed:
              - Handicap: NO              - Handicap: NO
                - 4 or fewer runners:                - 4 or fewer runners:
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                - 5-7 runners                - 5-7 runners
                  * Selection must finish 1st or 2nd                  * Selection must finish 1st or 2nd
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/4 of the SP Win bet winnings
                - 8 or more runners                - 8 or more runners
                  * Selection must finish 1st, 2nd, or 3rd                  * Selection must finish 1st, 2nd, or 3rd
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/6 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings
              - Handicap: YES              - Handicap: YES
                - 4 or fewer runners                - 4 or fewer runners
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                - 5-7 runners                - 5-7 runners
                  * Selection must finish 1st or 2nd                  * Selection must finish 1st or 2nd
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/4 of the SP Win bet winnings
                - 8-11 runners                - 8-11 runners
                  * Selection must finish 1st, 2nd, or 3rd                  * Selection must finish 1st, 2nd, or 3rd
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/6 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings
                - 12-15 runners                - 12-15 runners
                  * Selection must finish 1st, 2nd, or 3rd                  * Selection must finish 1st, 2nd, or 3rd
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/4 of the SP Win bet winnings
                - 16 or more runners                - 16 or more runners
                  * Selection must finish 1st, 2nd, 3rd, or 4th                  * Selection must finish 1st, 2nd, 3rd, or 4th
-                 * SP Place bet winnings (payout minus stake) will be equal to 1/5 of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 1/4 of the SP Win bet winnings
            - BODS Feed:            - BODS Feed:
-               - 3 or fewer runners+             - Race is without Odds On, i.e. a horse with odds of 2.00 or lower is not participating 
 +               - 4 or fewer runners
                  * Selection must finish 1st                  * Selection must finish 1st
                  * SP Place bets will be resulted as SP Win bets                  * SP Place bets will be resulted as SP Win bets
-               - 4-7 runners+               - 5-7 runners 
 +                 * Selection must finish 1st or 2nd 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 28% of the SP Win bet winnings 
 +               - 8-13 runners 
 +                 * Selection must finish 1st, 2nd, or 3rd 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 16% of the SP Win bet winnings 
 +               - 14-20 runners 
 +                 * Selection must finish 1st, 2nd, 3rd, or 4th 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 12% of the SP Win bet winnings  
 +               - 21-27 runners 
 +                 * Selection must finish 1st, 2nd, 3rd, 4th, or 5th 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 20% of the SP Win bet winnings  
 +               - 28-35 runners 
 +                 * Selection must finish 1st, 2nd, 3rd, 4th, 5th, or 6th 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 25% of the SP Win bet winnings{{:product:bods_without_odds_on.png?nolink |}} 
 +             - Race is with Odds On, i.e. a horse with odds of 2.00 or lower is participating 
 +               - 4 or fewer runners 
 +                 * Selection must finish 1st 
 +                 * SP Place bets will be resulted as SP Win bets 
 +               - 5-7 runners
                  * Selection must finish 1st or 2nd                  * Selection must finish 1st or 2nd
-                 * SP Place bet winnings (payout minus stake) will be equal to 3/20 (15%) of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 22% of the SP Win bet winnings
                - 8-13 runners                - 8-13 runners
                  * Selection must finish 1st, 2nd, or 3rd                  * Selection must finish 1st, 2nd, or 3rd
-                 * SP Place bet winnings (payout minus stake) will be equal to 3/20 (15%) of the SP Win bet winnings +                 * SP Place bet winnings (payout minus stake) will be equal to 12% of the SP Win bet winnings 
-               - 14 or more runners+               - 14-20 runners
                  * Selection must finish 1st, 2nd, 3rd, or 4th                  * Selection must finish 1st, 2nd, 3rd, or 4th
-                 * SP Place bet winnings (payout minus stake) will be equal to 7/50 (14%) of the SP Win bet winnings+                 * SP Place bet winnings (payout minus stake) will be equal to 10% of the SP Win bet winnings 
 +               - 21-27 runners 
 +                 * Selection must finish 1st, 2nd, 3rd, 4th, or 5th 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 16% of the SP Win bet winnings 
 +               - 28-35 runners 
 +                 * Selection must finish 1st, 2nd, 3rd, 4th, 5th, or 6th 
 +                 * SP Place bet winnings (payout minus stake) will be equal to 20% of the SP Win bet winnings{{:product:bods_with_odds_on.png?nolink |}}
        - Each Way Bets        - Each Way Bets
-         - Fixed Each Way Bet - an each way bet placed using fixed odds (based on track betting shows). +         - Fixed Each Way Bet - an each-way bet placed using fixed odds (based on track betting shows). 
-         - SP Each Way Bet - an each way bet placed using starting price odds.+         - SP Each Way Bet - an each-way bet placed using starting price odds.
          - To win the win part of the bet, the selected horse must finish 1st in the race.          - To win the win part of the bet, the selected horse must finish 1st in the race.
          - To win the place part of the bet, the selected horse must finish either 1st, 2nd, or 3rd in the race. Exceptions and place bets payment structure are detailed in rule 2 part E section III of this document.          - To win the place part of the bet, the selected horse must finish either 1st, 2nd, or 3rd in the race. Exceptions and place bets payment structure are detailed in rule 2 part E section III of this document.
 +       - Open Bets
 +         - Single race bets (Win, Place, Exacta, Quartet, Swinger, Trifecta)
 +           - If a horse is scratched for any of the above-mentioned markets, customers will receive a full refund.
 +           - If a race gets cancelled, customers will receive a full refund.
 +         - Double race bets
 +           - If a horse is scratched before the 1st race took place, then the customer will receive a full refund. Only on that selection that is scratched.
 +           - If a horse in a 2nd leg is scratched after the 1st leg took place, then the scratched horse is going to be substituted by totalisator favorite. If there are joint-favorites, then it will be replaced by the favorite that finished higher in the race. 
 +           - In case one of the races got cancelled, customers will get a full refund. 
 +         - Remaining multi-race bets (BiPot, Jackpot, Pick 6, Place Accumulator, etc.)
 +           - If a horse got scratched on one of the events, it will be replaced by totalisator favorite. If there are joint-favorites, then it will be replaced by the favorite that finished higher in the race.
 +           - In case one of the races got cancelled, customers will get a full refund. 
    - **Betting Limits**    - **Betting Limits**
        - Betting limits are set by each organisation that adopts the product. They can be configured in the Aardvark Technologies administrator interface.        - Betting limits are set by each organisation that adopts the product. They can be configured in the Aardvark Technologies administrator interface.
    - **Special Cases**    - **Special Cases**
        - **Dead Heat Rule** - Dead Heat is a tie between two or, rarely, more runners in a race. If there is a Dead Heat, a bettor wins part of his bet and loses part of his bet. A Dead Heat is calculated by dividing the stake proportionally between the number of winners in the event. For example, in a two-way Dead Heat (2 winners), the punter's return will be half of what it could have been.        - **Dead Heat Rule** - Dead Heat is a tie between two or, rarely, more runners in a race. If there is a Dead Heat, a bettor wins part of his bet and loses part of his bet. A Dead Heat is calculated by dividing the stake proportionally between the number of winners in the event. For example, in a two-way Dead Heat (2 winners), the punter's return will be half of what it could have been.
-       - **Rule 4** - Rule 4 is a deduction that is applied when there is a non-runner in a race that has only been declared at the last minute, i.e. after final declarations for the race have been made and the fixed odds price has been declared. The deduction is applied to all remaining participants of the race.+       - **Rule 4** - Rule 4 is an odds deduction that is applied when there is a non-runner in a race that has only been declared at the last minute, i.e. after final declarations for the race have been made and the fixed odds price has been declared. The deduction is applied to all remaining participants of the race.
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  • Last modified: 2021/04/22 14:04
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