Provisions as to settlement of bets following dead heat
8 Provisions as to settlement of bets following dead heat
In the event of a dead heat for first place, or, in place betting, where any of the runners to which a bet relates runs a dead heat for second or third place, as the case may be, any bet in respect of a runner involved in the dead heat shall be determined in the following manner —
half of the amount wagered shall be regarded as “won” at the agreed odds; and
half of the amount wagered shall be lost.
If bets are made on the result of a photo finish and before the numbers of the placed runners are exhibited and a dead heat is declared for first place, all such bets shall be void.
If a bet is made runner against runner, one to win, and one of the runners runs a dead heat for first place, the bet shall be determined in the following manner —
half of the amount wagered shall be regarded as “won” at the agreed odds; and
half of the amount wagered shall be lost.
If runners are backed to run first and second and the runners so backed run a dead heat for first place, or if the runner backed to run first wins the race and the runner backed to run second dead heats for second place with another runner, any bet in respect of a runner involved in the dead heat shall be determined in the following manner —
half of the amount wagered shall be regarded as “won” at the agreed odds; and
half of the amount wagered shall be lost.
Where a designated sporting event results in a tie, draw or dead heat, and odds are offered for that tie, draw or dead heat, any bet for a win is lost.
If no odds are offered for a tie, draw or dead heat and the designated sporting event results in a tie, draw or dead heat, then any bet for a win shall be determined in the following manner —
half of the amount wagered shall be regarded as “won” at the agreed odds; and
half of the amount wagered shall be lost.
[Rule 8 amended: Gazette 21 Jul 1998 p. 3855, 3856 and 3857.]
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