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| What is Rule 4? |
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Newcomers to betting on horse racing do get confused by Rule 4. We have tried to explain it as clearly as possible. Rule 4 is an industry-standard deduction that is made on a horse or dog when there is a non-runner in a race after the final declarations for that race have been made and you have taken a fixed price. For example, if you have £10 win on a horse and take 5/1 (6.0 in decimal odds) and the 2/1 (3.0) favourite then becomes a non-runner, your 5/1 (6.0) is looking very generous. On markets on the day of a race anyone who backs a non-runner will get their stakes refunded. Those people who backed the 2/1 shot will have their money refunded and therefore Rule 4 exists to make a deduction from your bet on the 5/1 shot. This is because if the 2/1 favourite had not been in the betting for the race when you placed your bet your 5/1 shot may have been, say 3/1. Rule 4 deductions only occur AFTER the final declarations for a race are made. This is when non-runners mean you get your stake back. Usually, but not always, the final declaration stage is 24 hours before the race. It can be 48 hours before a race. Rule 4 does not apply to any ante-post market. Ante-post or futures markets are betting on a horse race before the final declarations are known. If you back a non-runner in an ante-post market then you do not get your money back so obviously no Rule 4 is applied to the people who are holding bets on horses that benefit from this non-runner. The official Tattersalls Rule 4 deductions, as applied by all UK bookies, are as follows: a) If
the current odds of the non-runner are 1/9 or shorter at the time the
non-runner withdraws from the race, then 90p in £/E/$ is deducted
(or
90% of winnings) In the event of there
being two or more withdrawals in one event, the total deduction shall not
exceed 90p in £ (or 90% of the winnings). Can Rule 4 apply to anything other than horse or dog racing? Yes. This is possible on general sports. Outright markets (defined as after the draw/official field is confirmed for a specific event) may be subject to a deduction equivalent to Tattersalls Rule 4. The Rule 4 will be applied, according to the table of deductions related to Horse Racing. |
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