What is Rule 4 in horse racing?

What is Rule 4 in horse racing?

Rule 4 is a general rule of betting which relates to the reduction of winnings when a horse you have backed wins or is placed. They are made when a horse is withdrawn from a race because it becomes easier for the other runners to win. An amount of money is taken out of winnings to balance the effect of the non-runner.

How much is a Rule 4 in horse racing?

As per Tattersalls Committee Rules on Racing: ‘In the case of two or more horses being withdrawn, the total reduction shall not exceed 90 pence in the pound.

How is Rule 4 calculated?

A Rule 4 deduction is applied when a horse is withdrawn from a race after the time of your bet. The deduction is a percentage of your stake, and can be calculated by applying the odds of the withdrawn horse at the time of withdrawal from the chart below.

How much is a Rule 4?

How much are Rule 4 deductions?

Odds Deduction
5/2 to 3/1 25p
10/3 to 4/1 20p
9/2 to 11/2 15p
6/1 to 9/1 10p

Why is it called Rule 4?

Why does Rule 4 exist? Rule 4 exists in order to prevent punters from being able to back every remaining horse in a race (following non runners) with proportionate stakes to guarantee a profit, for example: There is a field of 3 runners originally.

Rule 4 is an industry wide deduction rule created for when there are non-runners in a horse/greyhound race after the final declarations have been made. This may also come into play on other markets where there are a set number of participants, and one or more are withdrawn.

What is the Tattersalls rule of racing?

The rule is drafted in the Tattersalls Rule of Racing that governs all racing. This also includes other rules (1-12, see later) that define how bookmakers treat wagers in the various events that can effect racing.

What is the Rule 4 price?

The Rule 4 price will be dependent on the odds at which the non-runner was trading at the time of its withdrawal, and will be specific to the bookmaker you have placed your bet with.

Is there a Tattersalls Rule 4 deduction for outright betting?

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.