Horse Racing Rules (Fixed Odds)

Fixed Odds Payout Limits

  • Single : R30,000.00
  • Multiple : R50,000.00
  • All Horse racing is subject to a maximum win of R500,000 per client per day.
Win and Each-Way Singles
  • Win single bets are available on all horse races as well as for other selected sporting events. For horse racing bets, you can choose to take an Early Price (if available) or the starting price (S.P.).
 Fixed Odds Places
  • All races with 14 or more runners - First 4 places paid.
  • All races with 8 to 13 Runners - First 3 places paid.
  • All races with 5 to 7 Runners - First 2 places paid.
  • All races with 4 or less runners - No place bets offered.
     
Ante-Post Betting 
  • An ante-post bet is a bet on a medium to long term feature race or event.In the case of weather or outside influences that cause an event to be postponed or rescheduled to another day, then all ante-post bets shall stand. Ante-post bets may include runners that do not ultimately participate in the race or event and bets wagered on such will be considered losers.
  • These races/events may be referred to as “all-in” events.
  • No deduction shall be taken on scratching from ante-post all-in races or events.
  • An ante-post bet will be void where the race on which the ante-post bet has been placed is officially abandoned, the conditions of the race altered or if the venue of the race has been changed. In these circumstances any multiple bet, which includes this selection, will be paid out on the remaining selections.
 
Withdrawals / Non-Runners
  • Where a horse/contestant is withdrawn before or after coming under starter's orders, all fixed odds bets on that horse/contestant shall be void, and all bets struck as fixed odds on the remaining horses/contestants on the day of the race or "with a run" shall be subject to deductions calculated in accordance with the following table:
 
Abandoned /Postponed Races or Meetings
  • Where a race advertised to be run on a certain date is postponed to any future date the following will apply:All ante post bets on such race shall stand Within 48 hours after the original advertised date at the same venue, all bets "with a run" shall stand More that 48 hours after its initial scheduling, the race shall be deemed to have been abandoned for betting purposes, and bets "with a run" shall void.

No Official Starting Price returns.

  • In the event that no Official Starting Price or Industry Off Course Starting Price is returned, your bet will be settled at Tote odds.
     
Reserves
  • If a reserve takes part in an Early Price race and it has not been priced up within that market, bets where an Early Price has been taken will be settled on the result "without the reserve runner(s)". Each way bets settled on the result "without the reserve runner(s)" will be based on the number of runners, excluding reserves, that start the race.
  • All other bets are settled on First Past the Post and the official result.

Dead Heats
  • Dead heat is a term that generally describes when two participants in an event tie for first and second place. If a dead-heat is declared on any event, half the stake is applied to the selection at full odds and the other half is lost. If more than two dead-heat, the stake is proportioned accordingly.
  • Win, If two or more horses dead heat for first place, then each horse in the dead heat is a winner.
  • Place,If two horses dead heat for first place, they fill the first two places. If three horses dead heat for first place, they fill the first three places, and so on.If two horses dead heat for second place, they fill the second and third places. If three horses dead heat for second place, they fill the second, third and fourth places.

Yankee Bets

  • All Yankee bets and bets of a similar nature (including Canadian) will be laid at Starting Price. 
  • A Yankee is a wager on four selections (in four separate events) and consisting of 11 separate bets: 6 doubles, 4 trebles and a four fold accumulator. A minimum of two selections must win to gain a return.A Canadian is a wager on five selections (in five separate events) and consisting of 26 separate bets: 10 doubles, 10 trebles, 5 fourfolds and a fivefold, all to come (fivefold multiple). A minimum of two selections must win to gain a return.


Time and Venue of Race

  • No bet may be accepted in respect of a horse race once that race has officially started. All bets placed on a race after the actual start will be void.Where the venue of a race is changed from that originally advertised, the race shall be deemed to have been abandoned and such bets shall be treated as bets on a postponed race.


Postponed Races

  • Where a race advertised to be run on a certain date is postponed to any future date, if the race is run more than 48 hours after the originally advertised date and time all bets on that postponed race shall be void, save in respect of ante-post bets.

 

Races Re-Run

  • In the event of any race being ordered to be re-run:
  • Starting price bets shall be calculated and paid at the current price at the time the race is finally run.
  • Bets on any horse which started on the first occasion and which was subsequently scratched, shall be void and the deductions in terms of the table below shall apply.
    Ante-post bets shall stand.
Non Runners
  • In the event of a non runner participant the odds on the remaining runners are reduced in accordance with the WCGRB deduction table listed below.
  • All bets on a horse declared a non runner are void and stakes will be refunded.

Withdrawals / Deductions

  • Deductions as per the Western Cape Gambling and Racing Board (WCGRB): where a horse/contestant is withdrawn before or after coming under starter's orders, all fixed odds bets on that horse/contestant shall be void, and all bets struck as fixed odds on the remaining horses/contestants on the day of the race or "with a run" shall be subject to deductions calculated in accordance with the following:


ODDS OF WITHDRAWN HORSE
 DEDUCTION PERCENTAGE
22/1 and bigger
No deduction
13/1 to 20/1
5%
9/1 to 12/1
10%
6/1 to 8/1
15%
15/4 to 11/2
20%
3/1 to 7/2
25%
22/10 to 28/10
30%
16/10 to 2/1
35%
13/10 to 15/10
40%
11/10 to 12/10
45%
19/20 to 1/1
50%
15/20 to 9/10
55%
11/20 to 7/10
60%
9/20 to 5/10
65%
4/10
70%
1/3 and shorter
80%


Note: Any price that falls between two ranges will default to the lower deduction percentage

All Bets excluding Ante Post
  • Any bets struck after the official announcement of the withdrawal of one or more horses/contestants shall not be subject to any adjustments unless there are further withdrawals.
  • Should two horses/contestants be withdrawn simultaneously and both are subject to a deduction on any winning bets, the deductions shall be applied separately and not simultaneously.
  • Deductions shall not apply to starting price bets, unless a late withdrawal(s) occur.In all horse races where a runner is withdrawn, or adjudged not to have started - and therefore been declared a Non-Runner by the starter - stakes on that selection will be refunded. (The exception to this being Ante Post bets)Bets on the remaining runners in that race, taken at Early Prices or at Show Prices prior to withdrawal, will be subject to a deduction.
  • This is based on the deduction table listed above and is dependent on the Non-Runner's price at the time it was withdrawn.In reformed markets, the total deduction on the two or more horses - one in the original market and one in the reformed market - will be calculated on the prices at the time of scratching i.e. original market price for 1ST non-runner and reformed price for 2ND non-runner.
  • Bets on horses in subsequent markets that then have one or more withdrawn horses will have a deduction calculated on the prices applicable to that market at the time of the withdrawal.
  • In the event that there is insufficient time to form a new market on the race, S.P. bets may also be subject to a deduction based on the deduction table listed above.
  • For bets at Early Prices, the application of the deduction table above will be determined by the last price available at the time the horse is withdrawn. 

Disqualified Horses
  • If a horse is disqualified for any reason, all bets on that horse are losing bets.

Cancelled or Postponed Races
  • If a race is cancelled, all bets on that race will be void. If a race is postponed and does not take place within 48 hours of the initial scheduled date, all bets on the race is void.Payout Limits (Tote, Exotic, SP, All On and Yankee type bets) 

Taxation
  • Any tax payable will automatically be deducted from customers winning prior to such winnings being credited to the customers current account balance.
  • Bet.co.za is obliged by law to deduct such betting tax at settlement and pay it to the relevant South African authorities on our customers’ behalf.
  • The current rates of tax (subject to change without prior notification) are as follows:
  • 0% (zero percent) tax on all sports bets, including multiples made up solely of sports bets;
  • 6% (six percent) tax on winnings of any horse racing bets (including multiples of horse racing bets).
  • Please note that this 6% (six percent) tax is made up of 3% (three percent) betting tax and a 3% (three percent) horse racing levy; and 6% (six percent) tax on winnings of any multiple which includes a horse racing bet as part of the multiple.

Cut-off time to accept and process bets.

  • A bookmaker shall, subject to the provisions of the relevant legislation, close all betting on an event or a component within an event on which the bet is sought to be placed within thirty seconds after the event or component of the event has officially started, provided that where the event or component of the event is expected to last less than thirty seconds, betting shall be close at the commencement of the event or component of the event.
Acceptance of Bets
  • We accept bets on specified races staged the Bookmakers Operational Rules of the Western Cape Gaming and Racing Board (WCGRB), as amended from time to time. We also accept horseracing bets on major races taking place across the world.
Rules of Racing
  • All bets will be settled in accordance with the Bookmakers Operational Rules of the Western Cape Gaming and Racing (WCGRB), as amended from time time.
Walkovers / Void races
  • All bets on races declared a walkover or declared 'void' will be void, win or lose.

Early Prices

  • Our Early Prices (that is prices offered after the final field has been declared) are available daily on selected races up to the first racecourse show.
 

 

 

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