Horse Racing Rules (Tote Betting)

Tote Betting

Tote Win
Bet a horse to win.

Tote Place
Bet a horse to finish a place.
 

Eachway
Combines a Win and Place bet. You collect the Win and Place payouts if the horse bet on finishes FIRST. You get the Place payout if the horse runs a place. The same amount is always bet for the Win and the Place. Example: An Eachway bet taken 10 times is a R10 Win & R3 Place = R20.

Swinger

Pick 2 horses in a race and couple them in a Swinger. You win if the 2 horses chosen fill 2 of the first 3 places. There are 3 winning combinations 1st & 2nd (or 2nd & 1st); 1st & 3rd (or 3rd & 1st); 2nd & 3rd (or 3rd & 2nd). No payout 3rd & 3rd if deadheat for THIRD.

Exacta

Bet on the horses to finish FIRST and SECOND in the exact order. Bet 3 different ways:
  • Single: Choose 1 horse for FIRST and 1 horse for SECOND.
  • Perm: Choose any number of horses for FIRST and for SECOND.
  • Box: Choose 2 or more horses. You collect if the horses chosen include the FIRST and SECOND finishers.
Double
Choose the winners of the 2 consecutive races that comprise the Double (the first of the 2 races in a Double is termed Leg 1; the second is Leg 2). A Double can be taken on all consecutive races – i.e. Races 1 & 2; 2 & 3; 3 & 4 etc.
 
Trifecta
Bet on the horses to finish FIRST, SECOND and THIRD in the exact order.

Quartet
Bet on the horses to finish FIRST, SECOND, THIRD and FOURTH in the exact order.
There are 4 different ways to bet the Trifecta & Quartet: Single, Multi, Float (Rove) & Box.
A popular Trifecta option is Multi, choosing one horse for FIRST with three or more other horses for SECOND and THIRD. Cost of betting 1 horse for FIRST with:
  • 3 other horses for SECOND & same 3 horses for THIRD: R6
  • 4 other horses for SECOND & same 4 horses for THIRD: R12
  • 5 other horses for SECOND & same 5 horses for THIRD: R20
Pick 3 
Choose the winners of any 3 consecutive races. One horse or more can be chosen in each of the three races. Fractional betting can be used.
 
Pick 6
Choose the winners of all 6 races that comprise the Pick 6 (Legs 1 to 6). One horse or more can be chosen in each of the 6 races.

Jackpot
Choose the winners of all 4 races that comprise the Jackpot (Legs 1 to 4). One horse or more can be chosen in each of the 4 races.

Place Accumulator
Choose a horse, or horses, to finish FIRST, SECOND or THIRD in each of the 7 races that comprise the Place Accumulator (Legs 1 to 7). You can win the bet many times. Example: You choose one horse in each of Legs 1 to 4 and two horses in each of Legs 5, 6 and 7. If all choices finish in the first 3, payout is won eight times (1x1x1x1x2x2x2 = 8).

Calculate The Cost
Pick 6, Jackpot & Place Accumulator, multiply out the total number of choices made for each leg. Example: In a Jackpot you choose four horses in Leg 1; three horses in Leg 2; one horse in Leg 3; two horses in Leg 4. This is 24 combinations x R1 each (4x3x1x2) = R24.

Fractional betting can be used to reduce the cost of all Trifecta, Quartet, Pick 6, Jackpot and Place Accumulator bets. In Jackpot example above, the Jackpot can be played for R12 (half or 50% of the full amount). If you win, you collect half the payout.
Once logged in, your Bet Slip will calculate the number of combinations and give you the option of choosing the number of times or stake as well as calculating the bet for you instead of having to calculate it yourself.

Tote Payout Limits
All Tote Bets are subject to the following limits:
  • The maximum payout per Tote Bet (Win and Place) is R30,000-00.
  • The maximum payout per Tote Bet (Double) is R50,000-00.
  • The maximum payout per Tote Bet (Swinger, Trifect, Quartet, Exacta) is R100,000-00.
  • The maximum payout per Exotic Bet (Jackpot and Place Accumulator) is R250,000-00.
  • The maximum payout per Pick 3 is R100,000-00.
  • The maximum payout per Pick 6 is R500,000-00.
  • The maximum payout per customer/per event is R500,000.00 no matter how many single bets have been taken and no matter whether they are across different bet types. 

In the event that the pool is less than the payout limits displayed above, the pool dividend will be used for payout purposes. Should the pool exceed the payout limits in the table above then the amounts in this table will be used as the dividened for payouts and / or percentage payouts, not exceeding R500,000-00 for Tote ets and R500,000-00 for Exotic Bets.
 
The maximum payout per customer per bet type is  R500,000.00 or the pool total (whichever is less )  no matter how many single bets have been taken and no matter whether they are across different bets.
 
Payout limits using Jackpot as an example 
 
If BET.co.za lay a Jackpot  once that pays R265 000 and the customer catches it once R250 000 will be paid
If BET.co.za lay a Jackpot 10x times and it  pays R29 100  to a R1 stake R250 000 will be paid out .
If BET.co.za lay a Jackpot for 10% and it pays R1 120 000 to R1 stake , R112 000 will be paid out .
If BET.co.za lay numerous Jackpots to the same customer lets say Bet  A , B , C and D . Each individual bet will be subject to the R250 000 ticket 
limit as set out above as well as the combined bet type winning total maximum of R500 000
 
The open bet payouts will be limited by the number of dividends being paid by the totalisator. The totalisator pools will be divided by the number of open bet dividends paying for that race. Therefore, if a race is paying 3 places, the totalisator place pool will be divided by 3 and that value shall be applied to each placing as a limit. 
By way of an example, if the net swinger pool is R6 000 and there are 3 swingers to be paid, the net pool for each swinger will be R2 000.  (R6000/3 ) and this shall be the open bet limit applied. Therefore, if swingers are caught by a customer with Bet.co.za, and the total payout is R3 300, this payout will be limited to R2 000. The same applies to all open bets.
 
Ante Post
Ante-post prices are offered on most major horse racing events up to 3 days prior to the scheduled day of the race. Ante-post bets are accepted on the basis of all in run, unless a "with a run" price is offered. Stakes are lost if an ante-post selection does not take part. No deductions are made to winning ante-post bets.
Where weather or outside influences cause an event to be postponed or rescheduled to another day then ante-post bets will stand, provided that the entries are not re-opened.
Ante-post bets on horse racing will be void if the race is officially abandoned or declared void, or the conditions of the race or venue are altered. Should bets be void due to these circumstances then any multiple bet, which includes this selection will be paid out on the remaining selections.
 
Venue Change / Postponement
In the event of a venue or track change , all bets will be null and void.
In the event of racing being postponed, bets will stand if the racing takes place within 48 hours of the postponement. If racing has not commenced within 48 hours of postponement then all bets will be declared null and void.
In all horse races, excluding ante-post bets, if a horse is withdrawn without coming under starters orders it is treated as a non-runner. A deduction may be made from the winnings of bets struck at a fixed price and, if there is sufficient time to form a new market / starting price, the starting price will be subject to the same deduction. The deduction will be defined in accordance with the following table.
 
 
Racing Terminology 
Age: In the Southern Hemisphere, all horses age a year on 1 August regardless of their date of birth. Generally horses fully mature at the age of four. Male horses are dubbed colts until they turn five, after which they are termed horses. Females are termed fillies until age five and thereafter mares.

Alumites: Lightweight aluminium shoes fitted to horses’ hooves. The general consensus is that they enhance performance and most horses race in them, although in some instances steel training shoes are left on for a race.

Allowance: A reduction in the weight allocated to a horse. Apprentice jockeys are allowed weight allowances until they have ridden 40 winners (allowances may not be claimed in major races). Horses get allowances in some races, either on account of their age or racing record.

Blinkers: Cups sewn into a hood that restrict or block a horse’s sideways vision and enhance concentration. Horses can improve when raced in blinkers for the first time.

Career record: A horse’s record can reveal a lot. Good horses win or place more often than horses with limited ability.

Colour: Most horses are bays (brown hair with a black mane, tail and points). Other colours are black, brown (brown hair throughout), chestnut, grey and roan. Colour is of no significance in terms of racing ability.

Class of race: The more races a horse has won or the more elevated its merit rating, the higher the class of race it competes in. In Phumelela-produced publications Computaform and Winner’s World, classes are shown from A (the highest) to G (the lowest), making it easy to spot horses moving up or down in class.

Draw: The stall in the mechanical starting gate from which a horse starts a race. The draw or barrier position is usually of little account, but is important over certain distances at certain racecourses.

Gelding: A male horse that has been castrated. Gelding is a minor surgical procedure and usually enhances a horse’s temperament. Horses without stallion prospects are usually gelded and this is to their benefit after their racing careers.

Handicap: A race in which the weight carried by each runner is determined by its merit rating, which is allocated by the handicapper. The aim is to equalise the chances of the runners. The weight carried includes the jockey and riding equipment. If necessary, lead weights are inserted into pockets in the saddle to make up the required weight. Weights carried are strictly monitored and the Clerk of the Scales weighs out all jockeys with their equipment before each race. The riders of all runners in each race are weighed in afterwards and their mounts declared non-runners if the weight is over 0,5kg less than what was initially allocated.

Jockeys: Self-employed professionals, who are paid a riding fee to ride horses in races. They also receive a percentage of prize money.

Maiden: A horse that has not yet won.

Stakes: The prize money offered in a race, which is divided among owners, trainers and jockeys of the first five finishers (usually) according to a formula. Stakes won by a horse are often a good guide to its ability.

Trainer: Self-employed professionals, whom owners pay a fee to train their horses.

Weight-for-age: A race in which the weight carried is determined by a horse’s age. In plate races the weight is determined by the number of wins and in handicaps by the merit rating.

 

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