BEARBET-AU Betting Rules

BEARBET-AU Betting Rules - Racing

BEARBET-AU (Terms & Conditions) - BEARBET-AU Betting Rules - Racing

10 Nov 2022

Knowledge

Description: 14^th September 2021 (Rev 2.0)

1.         GENERAL

1.1.      Any Capitalised terms not otherwise defined within these Betting Rules – Racing adopt the defined terms presented in the Betting Rules - General & Product (link).

1.2.      Where there are eight (8) or more runners in a race, a Place dividend shall be paid on first, second and third places.

1.3.      Where there are seven (7), six (6) or five (5) runners in a race, a Fixed Odds Place dividend shall be paid on first and second places only. When You have bet on a Tote based product, Place bets will pay down to however many placings the major Australian TABs determine as appropriate for that bet type. Major Australian TABs shall be defined as the Victorian TAB (STAB), the NSW TAB, the Queensland TAB (UTAB).

1.4.      1 Where there are less than five (5) runners in a race, all bets shall be on a 'Win Only' basis. If a late scratching of a runner or runners reduces the field below five (5) runners, all fixed odds place bets will be paid out with deductions applied.

1.5.      If a runner is scratched, all bets placed, after the declaration of the final field, will be refunded on that runner (provided the bet wasn't placed prior to the barrier draw on an 'All-In' basis.). All other runners will be subject to a deduction, applicable to the face value of winning bets where the bet was placed at a fixed price, for either: Win, Each Way, or Place Only (refer Section 8 - Schedule of Deductions)

1.6.      We may cancel bets where You have manipulated the pool, subject to adjudication by the relevant state totalisator operator(s) or Northern Territory Racing Commission.

1.7.      We may place a limit on the payout (final odds) where there is reasonable suspicion of pool manipulation having occurred (e.g. Payout no greater than 100% higher than the next best Australian tote).

1.8.      If a tote pool goes down either online or via the telephone and the pools are distorted, then We reserve the right to omit these dividends when paying out. For example, if the NSW TAB pool is down, the best of UTAB and STAB will be paid for Best Tote Products. For Middle Tote Products, the dividend will be deemed to be the average of the two declared dividends.

1.9.      In the event that one of the Major Australian TABs for promotional reasons or otherwise, returns elevated dividends due to foregoing their normal take-out margin, We reserve the right to declare Best Tote dividends at the higher of the other two Australian Totes.

1.10.    If a meeting is abandoned or postponed to another date, single bets are void and bets will be refunded. Affected MultiBets will be recalculated excluding that leg.

1.11.    In relation to Fixed Odds racing events where betting is opened prior to the declaration of the final field, if the event is postponed and not held within seven (7) days or less of the day on which the event was originally scheduled to commence, the event shall be treated as abandoned and all investments on runners that remain acceptors at the expiry of the seven (7) days will be refunded.

1.12.    Regardless of whether a 'Futures event (‘All-In’ betting)' has been postponed or transferred from the original date, all bets stand until the completion of the event.

1.13.    If no bet type is specified, the default bet type will be a Win Only Bet at the applicable Tote Based product.

1.14.    At Our discretion, Tote pools of under $500 may be disregarded in the calculation of Best Tote and Middle Tote dividends.

1.15.    We reserve the right to restrict the maximum dividend paid out for tote Win and tote Place bets to $201.

1.16.    We reserve the right to restrict the return on any tote derivative bet to the size of the tote pool.

1.17.    On any Best Tote Market, where a individual tote dividend is more than 50% higher than the other two totes, We reserve the right at Our sole discretion, to pay the dividend on average of our Fixed Odds and Middle Tote.

1.18.    Depending on the status of race meetings, differing products will be available daily as shown on Our Website and Our App.

2.         RACING PRODUCTS

2.1       Best of the Best Premium (BOB) - This product is the best of either, "Best of 3 Australian TAB tote prices" or the "Official Best Fluctuation". Bets must be placed 30 minutes prior to the advertised starting time on selected meetings as displayed on Our website.

2.2       Best Tote Plus SP - This product is the best of either the "Best of the 3 Australian TAB tote Prices" or the "Official Starting Price (SP)". SP only applies to the Win Portion of the bet. For Place bets and Each-Way bets the place portion is paid at Middle Tote. If the race is at an Australian venue that does not send official Bookmaker's prices via the APN, We will pay Best of 3 Totes as opposed to Best Tote plus SP.

2.3       Best of 3 Totes - This product is the best of the 3 Australian TAB tote prices. For Place and Each Way bets the place portion is paid at Middle Tote.

2.4       Best of 2 Totes - This product is the better of the dividend declared by either NSW TAB or STAB. For Place bets and Each-Way bets the place portion is paid at Middle Tote.

2.5       Middle Tote - This product is the middle dividend of the 3 Australian TAB tote prices.

2.6       Win & Place Tote + 5% - We will pay a dividend 5% higher than STAB (on profit portion of dividend, not stake).

2.7       Exotics - All Racing exotics (Quinella, Exacta, Trifecta, First Four and Quadrella) are paid at the dividend declared by STAB.

2.8       Best Fluctuation - This product is the Best Price declared by the official Bookmakers Fluctuations.

2.9       Starting Price (SP) - Is the official final bookmaker's price when the race jumps.

2.10     Fixed Odds - Fixed Win & Place odds are available on Our website and App and once confirmed are not subject to fluctuation (apart from deductions where appropriate). For each way fixed odds bets the Place is paid at the current fixed odds Place price when selected.

3.         Protest Payout

3.1.      Protest Payout applies to every Australian thoroughbred and harness race, subject to the following conditions:

3.1.1.   applies to Win bets and the Win portion of Each-Way bets only;
3.1.2.   does not:

3.1.2.1.            include Multibets or exotic bets;
3.1.2.2.            apply to phone bets or Bonus Bets;
3.1.2.3.            apply to minor protests (e.g. 2nd vs 3rd);
3.1.2.4.            apply to non-final field markets, known as “Futures markets”.

3.2.      Maximum payout $2,000 per customer per race.
3.3.      The payment of the Protest Payout is at Our sole discretion.
3.4.      We reserve the right at Our sole discretion to exclude certain members from participating in Protest Payout.

4.         Jockey Challenge

4.1.      Jockey Challenge bets are available on selected meetings on a 'Win Only' basis.
4.2.      The winning jockey is the rider who accrues the most points based on the 3-2-1 system where the Jockeys receives 3 points for a winning ride, 2 points for finishing second and 1 point for finishing third. In the event of a tie, Dead-Heat rules apply. This is regardless of the number of outright winners ridden by the listed jockeys.

4.3.      The "Any Other Individual Jockey" option shall be defined as the points earned by any one individual jockey riding at that meeting outside of the jockeys already nominated in the list of betting options for that meeting.

4.4.      If a race meeting is not completed as originally programmed all declared betting event bets shall be deemed void and moneys are to be refunded, except when determined that a jockey has an unassailable lead, in which case all declared betting event bets stand.

4.5.      In the case of Jockey Challenge betting on a racing carnival should any of the programmed carnival race meetings not be completed in their entirety, all declared betting event bets shall be deemed void and moneys are to be refunded, except when it is determined that a jockey has an unassailable lead, in which case all declared betting event bets stand.

5.         Racing Exotics (Not available via telephone)

5.1.      All Racing Exotics are paid on winning combinations at the dividends declared by STAB.

5.2.      In the unlikely event that the location where the wager is struck is not covered by STAB, the dividend will be paid at the lower dividend displayed by the other two major Australian TABs.

5.3.      Notwithstanding maximum win limits detailed in section , We reserve the right to limit total payout to any individual(s) on any bet type. If the total payout on any bet type exceeds the STAB tote pool, We reserve the right to limit the total payout to clients to the amount of the STAB pool on that particular bet type.

5.4.      In the event of a Dead Heat for any of the place getters, there will be as many dividends as there are correct order combinations as declared by STAB.

5.5.      We have the following maximum payouts per race for Racing Exotics:

5.5.1.   Quinella $5,000
5.5.2.   Exacta $10,000
5.5.3.   Trifecta $20,000
5.5.4.   First Four $20,000
5.5.5.   Quadrella/Quaddie:

5.5.5.1.            $50,000 Thoroughbreds,
5.5.5.2.            $20,000 Greyhounds,
5.5.5.3.            $20,000 Harness

6.         Flexi Bets

6.1.      In the case of a Flexi Bet, the minimum amount that may be invested in a single bet is the greater of:

6.1.1.   1 cent for each combination covered by the bet; and
6.1.2.   $1.00 or such other amount as We may determine from time to time.

6.2.      Flexi Bets are available on Thoroughbred and Harness Quinella, Trifecta, Exacta and First Four wagers.
6.3.      The amount invested on each combination covered by a Flexi Bet is determined by the total stake amount of the Flexi Bet divided by the number of combinations.
6.4.      When taking Flexi Bets on Racing Exotics the percentage is calculated by the total stake divided by the number of combinations (permutations). When scratchings occur, the number of invalid combinations (combinations which include scratched runners) multiplied by the percentage for each calculation is refunded. Where the bet has a winning combination, that combination is paid out at the initial percentage multiplied by the declared dividend, as normal.

7.         RACING GLOSSARY

Racing Exotics are Quinella, Exacta, Trifecta, First Four, Quadrella/Quaddie bet types.

7.1.      Exacta
An Exacta is when two runners are selected to place first and second in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner and the combination stands and the wager re-calculated without the scratched runner.

7.2.      First Four
A First Four is when four runners are selected to place first, second, third and fourth in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner and the combination stands and the wager re-calculated without the scratched runner.

7.3.      Quadrella
A Quadrella is when the winners are selected in four consecutive races listed on the Quaddie Race card. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be transferred to the substitute favourite as declared by STAB.

7.4.      Quinella
A Quinella is when two runners are selected to place first and second in any order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner and the combination stands and the wager re-calculated without the scratched runner.

7.5.      Trifecta
A Trifecta is when three runners are selected to place first, second and third in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner and the combination stands and the wager re-calculated without the scratched runner.

8. SCHEDULE OF DEDUCTIONS