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Horse Racing Rules
Freya avatar
Written by Freya
Updated over 2 months ago

VOIDING HORSE RACING BETS

At this time we cannot void horse racing bets so please be extra vigilant when placing your horse racing bets.

GENERAL RULES

Midnite offers horse racing from all tracks in the UK and Ireland. We also offer horse racing from selected tracks in Europe, the US and other parts of the world.

All bets are settled in accordance to the official result and "weigh in"
One exception to this is the "first past the post" rule, in which we will pay out on both the official result AND the horse that crossed the finish line first.

PALPABLE ERRORS

If Midnite publishes a price for a horse which is an obvious error whether human or technical we reserve the right to void bets at the incorrect price and settle at the correct comparable industry price at the time of bet placement. Also if a race has not suspended and is still available to bet on and the outcome of the race is known all bets win or lose will be made void.

NON RUNNERS / WITHDRAWALS

Non runners are selections that do not come under starters orders.

Non runners are settled as void and stakes are returned on single bets.

In multiple bets the non runner is settled as void and all remaining selections count for settlement purposes.

A treble (3 selections) with a non runner becomes a double on the remaining 2 selections.

This will also apply to any system bets like a Yankee or similar meaning where the non runner appears in any combination of that system bet the non runner will be settled as void.

Selections in walkovers will be treated as non runners and made void in all single and multiple bets.

In the event of a false start any horse who does not take part in the re - run of the race will also be made void and stakes returned.

ABANDONED / POSTPONED

Bets are void if the race is abandoned, the race is declared void, entries change, race conditions change (venue / surface) and if 48 hour declarations do not stand.

If a race is rescheduled to another day and declarations stand (the race is not reopened) all bets will stand.

WIN BETTING

This means your selection in single or multiple bets must win for you to receive winnings.

EACH WAY BETTING

This means your selection in single or multiple bets has two parts:

The Win part and Place part and each part has an equal stake. Eg £5 each way will cost a total of £10. When you bet each way you are placing a bet to win and a bet to be placed with the each way terms that apply to that race.

If your selection wins you will receive winnings from both the win part and the place part of your bet.

If your selection fails to win but is placed with the each way terms that apply to that race you will receive winnings too.

The each way terms for any race dictate the settlement rules and are established by the number of runners taking part and the type of race and NOT by the number of declared runners when you placed your bet.

Standard Place Terms

All races 1 - 4 runners win only (no each way bets allowed)

All races 5 - 7 runners ¼ the win odds for 2 PLACES 1st and 2nd

8 + runners in a non handicap race ⅕ the win odds for 3 PLACES 1st 2nd and 3rd

8 - 11 runners in a handicap race ⅕ the win odds for 3 PLACES 1st 2nd and 3rd

12 - 15 runners in a handicap ¼ the win odds for 3 PLACES 1st 2nd and 3rd

16 + runners in a handicap ¼ the win odds for 4 PLACES 1st 2nd 3rd and 4th

*Currently Midnite does not offer place terms outside of the default terms listed above.

RULE 4 AND HOW IT WORKS

If a horse is withdrawn not coming under starters orders - or is officially deemed by the starter not to have taken part in a race - stakes on that horse will be refunded in single bets or made void in multiple bets and winning bets will be subject to deductions in accordance with Tattersalls Rule 4 (c)

Rule 4 is a deduction that is made to winning bets,when the result of the race is affected by a horse or horses not running. It is the method used to settle winning bets that were placed before any horse or horses were declared non runners (withdrawn) in any given race.

The rule 4 reduces the bet returns of winning bets in any race where a horse or horses are declared non runners within certain odds parameters once the race has been priced and your bet has been placed prior to any non runners.

Rule 4 can still apply to bets placed at SP if there was insufficient time to reform the market before the race off time.

See the below table for the deductions which all operators follow:

1/9 or shorter

90p (in £)

2/11 to 2/17

85p

1/4 to 1/5

80p

3/10 to 2/7

75p

2/5 to 1/3

70p

8/15 to 4/9

65p

8/13 to 4/7

60p

4/5 to 4/6

55p

20/21 to 5/6

50p

Evens to 6/5

45p

5/4 to 6/4

40p

13/8 to 7/4

35p

15/8 to 9/4

30p

5/2 to 3/1

25p

10/3 to 4/1

20p

9/2 to 11/2

15p

6/1 to 9/1

10p

10/1 to 14/1

5p

In races where more than one horse is declared a non runner the combined Rule 4 will not exceed 90p in the £

Withdrawn horses in reformed markets will be subject to deductions as normal but bets affected by withdrawn horses in the original and reformed market(s) will be settled using the prices applicable in the original market.

DEAD HEAT RULES

If two or more horses are deemed the joint or co winner of a race this is known as a dead heat for betting and settlement purposes.

To correctly settle a dead heat the winning bets are settled at full odds but the stake is divided by the number of horses who dead heated for the race.

For example:

3.30 Lingfield

Horse A @ 4/1 and Horse D @ 6/1 cross the winning line together and a dead heat is declared.

A customer with £20 to win Horse A @ 4/1 would normally return £100 but because the dead heat rules apply his stake is halved to £10 and his bet returns £50 rather than £100

UNNAMED FAVOURITES BETTING

Midnite offer betting on unnamed favourites and unnamed 2nd favourites.

The favourite is the horse returned after the race with the smallest SP while the 2nd favourite is the horse returned with the 2nd shortest SP.

Unnamed favourites betting is only allowed as WIN only in singles and multiples

Bets placed on unnamed favourites or 2nd favourites where only one horse is deemed to be that who are withdrawn and non runners will be settled as void and stakes returned.

Dead heat rules will apply for settlement purposes when joint or co favourites/2nd favourites are returned as such by the SP.

FORECAST AND TRICAST BETTING

Currently Midnite does not offer forecast and tricast betting however we hope to have this available in the future.

MAX PAYOUTS

UK Horse racing: 100,000 GBP

Irish Horse racing: 40,000 GBP

Int Horse racing: 20,000 GBP

If winning multiple bets contain selections from different maximum payout groups as above, the lowest max payout group will always apply to establish the max payout for that bet.


HORSE RACING BOOSTS / SPECIAL MARKETS

If any horse or selection within a boosted market is a non runner, the entire bet will be deemed void.

Betting Without (W/O)

Bets placed on the ‘Betting Without’ market will be settled with the ‘without’ listed runner

excluded from the result. If the named ‘without’ selection is deemed a non runner, the bets

placed on the market will remain valid. If there is a non runner in the market, bets on that particular selection will be refunded and if relevant a Rule 4 deduction applied to bets on other selections. If the market is reduced to 1 runner, the market will be voided.

Odd or Even

Horses are grouped by their race card/cloth number into odd or even selections. The market is win only. If there is a non runner in the market then all bets that have been placed prior to the non runner will be made void. Once a new market is formed bets can be placed again. If there is a subsequent non runner then the new bets on the market will be void again and a new market reformed.


Over or Under

This is a market based on the race card/cloth number of the horses on which a two way market is created.

For example, the line created could be ‘over or under 4.5’. When the winner of the race is settled the race card/cloth number of the horse determines whether the over or under line has won.

This market is win only. If there is a non runner in the market then all bets that have been placed prior to the non runner will be made void. Once a new market is formed bets can be placed again. If there is a subsequent non runner then the new bets on the market will be void again and a new market reformed.

Head to Head

This is a match bet between two runners in a race. The runner with the best finishing position in the race will be the winner of the head to head market. If neither runner completes the race then bets are voided. If either of the runners are non-runners in the head to head match up, then bets are voided.

Winning Distance

The Winning Distance in a race will be the distance, as measured in lengths, between the 1st placed horse and 2nd placed horse in a race, as declared by the British Horseracing Authority (BHA) or other governing body.

All bets will be settled upon the ‘weighed-in’ being announced. Where the 1st and 2nd place finishing positions are reversed following a stewards’ enquiry, the market will be settled using the winning distance for the First Past The Post result. Where the 2nd placed finisher is demoted following a stewards’ enquiry, the market will be settled using the First Past The Post distance between the original 1st and 2nd placed finishers.

In the event of only one finisher, the make-up will be 12 lengths for flat racing, and 30 lengths for National Hunt racing, including National Hunt Flat (NHF) races.

In the event of two or more horses dead-heating for first place, the make up will be 0.

In the event of a walkover, all bets on this market will be void. In the event that there are no finishers in a race and no official result is given, then all bets on this market will be void.


For non-numeric values, the make-up shall be as follows:

● Nose = 0.05

● Short Head = 0.1

● Head = 0.2

● Neck = 0.3

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