By Graham Sharpe
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Extra resources for A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner
Q) In the case of two or more horses being withdrawn before coming under starter’s orders the total reduction shall not exceed 75p in the £. e. one in the original and one in the reformed market) will be calculated on the prices applicable in the original market. For bets placed in subsequent markets deductions over withdrawn horses in these markets will be calculated on the prices applicable in these markets. Bets made at starting price are not affected except in cases where insufﬁcient time arises for a fresh market to be formed, when the same scale of reductions will apply.
If you don’t know how to deal with them when they arise, you can’t expect to agree your winnings with the professional bookies settler. For example what happens if one of your selections is a nonrunner? How does a dead-heat affect your winnings? What if you have understaked or overstaked your bet? In this section we provide a simple answer to all these questions – and more. Dead Heat In the event of a dead-heat for ﬁrst place when you have made a winning bet, half the stake is lost, and full odds are paid on the other half.
Both win at one-ﬁfth the odds a place. 50. Place section: 10p at 4–1, one-ﬁfth of the odds, gives a return 56 of 18p, including stake. This runs on to 8–1, one-ﬁfth of the odds, making a total place return of 47p. 97. If the above example bet had been placed with a ﬁrm which divided the stake equally for win and place, the money from the ﬁrst part of the bet – 10p each-way at 4–1, returning 68p – would have been divided to make 34p each-way on the next runner. For trebles and accumulators, the above basic principles are simply extended for each consecutive selection.
A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner by Graham Sharpe