Britbet horse racing pool betting rules

Aim of the Bet

To select the winning horse.

Races On Which Pool Is Operated

The Win pool is operated on all races of two or more runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

19.25%

Calculation of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

The net pool is divided by the total stakes on the winner of the race to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

1. If the calculated dividend is greater than 90p and less than £1.10, the payable dividend will be £1.10.

2. If the calculated dividend is 90p or below, the payable dividend will be £1.02.

3. Notwithstanding (i) and (ii) above, in the case of a dead heat for first place if the calculated dividend is 60p or below, the payable dividend will be 60p. (See rule on Dead Heats below.)

Holders of winning tickets are then paid in proportion to their stakes. If the winning horse is part backed, i.e. there is less than £1 of winning tickets in the pool, the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

Example 1

Suppose we have a Win pool where the net fund available for distribution after the deduction has been removed is £1,000 and the total amount invested on the winning horse is £0.80.

As the winning horse is part-backed, then the net pool of £1,000 is the calculated dividend.

The total amount paid out on the winning horse is only (0.80 x £1,000) = £800, so the remaining £200 which has not been won will be carried forward to a subsequent Win pool.

The deduction from any pool is only taken at the time the funds are won, so the 19.25% deduction is added back to the net funds carried forward. Therefore the gross carry-forward in this example is £200.00 / (1 – 19.25%) = £247.68.

If the winning horse is not backed, then the entire gross pool will be carried forward to another race as decided by britbet.
Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Win pool.

Non-Runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Walkovers/Abandoned Races/Meetings

If the race is a walkover, or is void or is abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Multiple Selections

Multiple selections on the same slip are accepted.

No Finishers

If the official result is that there are no finishers, the pool will be declared void and all stakes refunded.

Dead Heats

When two or more horses dead-heat for first place, the net pool will be divided into as many equal parts as there are dead-heating runners. The part of the net pool allocated to each dead-heating horse is divided by the total stakes on that runner to obtain a calculated dividend for each dead-heating horse. The calculated dividend is then determined in accordance with the Calculation of Dividends above.

Holders of winning tickets are then paid in proportion to their stakes.

If a dead-heating horse is part-backed, i.e. there is less than £1 of tickets in the pool on that horse, the net pool assigned to that horse is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that dead-heating horse which has not been won will be carried forward to another Win pool as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

Example 2

Suppose we have a Win pool where the net fund available for distribution after the deduction has been removed is £1,000 and there is a dead-heat for first place between two horses, A and B with the following amounts invested on each:
1. £100.00
2. 0.90

The net pool is divided into 2 equal parts, and £500 is allocated to each of horses A and B. The £500 allocated to horse A is then divided by the £100 of stakes on that runner, so the calculated dividend for horse A is £5.00. As horse B is part-backed, the £500 allocated to that horse is the calculated dividend. The total amount paid out on horse B is only (0.90 x £500) = £450, so the remaining £50 which has not been won will be carried forward to a subsequent Win pool. The deduction from any pool is only taken at the time the funds are won, so the 19.25% deduction is added back to the net funds carried forward.

Therefore the gross carry-forward in this example is £50.00 / (1 – 19.25%) = £61.92.

If a dead-heating horse is not backed, the portion of the pool assigned to that dead-heating horse will be carried forward to another Win pool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

The minimum dividend payable on a Win bet involving dead-heating horses will be 60 pence.

Aim of the Bet

To select a horse to finish placed.
The finishing positions which constitute a place in any race, unless otherwise stated, are as follows:

Races On Which Pool Is Operated

The Place pool is operated on all races of 5 or more runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

20%

Calculation of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee. The net pool is divided by the number of places payable on the race as defined above, i.e. 2 or 3, in equal proportion. The part of the net pool allocated to each place is then divided by the total stakes on that placed horse to obtain a calculated dividend for each place. The calculated dividend is rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

1. If the calculated dividend is greater than 70p and less than £1.10, the payable dividend will be £1.10.
2. If the calculated dividend is 70p or below, the payable dividend will be £1.02.
3. Notwithstanding (i) and (ii) above, in the case of a dead heat if the calculated dividend is 50p or below, the minimum payable dividend will be 50p. (See rule on Dead Heats below.) Holders of winning tickets are then paid in proportion to their stakes.

In the event of (ii) above, i.e. if the calculated dividend falls below 70p, money will be taken from the net pool on the remaining placed horses in equal shares to ensure that the minimum calculated dividend on any placed horse is not less than 70p.

Example 1

Suppose we have a Place pool where the net fund available for distribution after the deduction has been removed is £12,000, and suppose there are three places payable. Then the net pool initially allocated to each placed horse = (£12,000 / 3) = £4,000.

Suppose the total amounts invested on the three placed horses are:

Therefore, the calculated dividends on the three placed horses would be:

The calculated dividend for the 3rd placed horse is less than 70p. Therefore, money will be taken from the net pool on the remaining placed horses in equal shares to ensure that the minimum calculated dividend on any placed horse is not less than 70p.

The net pool which must be allocated to the 3rd placed horse to increase the calculated dividend to 70p is (£8,000 x 0.70) = £5,600. This means an additional (£5,600 – £4,000) = £1,600 will be taken from the net pool on the other two placed horses in equal shares, i.e. £800 from each of those other two placed horses. So, the revised net pool allocated to each placed horse is now as follows:

The calculated dividend on each horse is now:

So, the declared dividends will be:

Example 2

Suppose once again we have a Place pool where the net fund available for distribution after the deduction has been removed is £12,000, and there are three places payable.

Then the net pool initially allocated to each placed horse = (£12,000 / 3) = £4,000.

Suppose the total amounts invested on the three placed horses are:

(Note: The total amount of winning units can be greater than the net pool due to the deduction.)

The calculated dividends on the three placed horses would be:

The calculated dividend for the 3rd placed horse is less than 70p. Therefore, money will be taken from the net pool on the remaining placed horses in equal shares to ensure that the minimum calculated dividend on any placed horse is not less than 70p.

The net pool which must be allocated to the 3rd placed horse to increase the calculated dividend to 70p is (£8,000 x 0.70) = £5,600. This means an additional (£5,600 – £4,000) = £1,600 will be taken from the net pool on the other two placed horses in equal shares, i.e. £800 from each of those other two placed horses. So, the revised net pool allocated to each placed horse is now as follows:

The calculated dividend on each runner is now:

The calculated dividend for the 1st placed horse has now fallen below 70p. Therefore, further money must be taken from the net pool on the other remaining placed horse, i.e. the 2nd placed horse, to ensure that the minimum calculated dividend on any placed horse is not less than 70p.

The net pool which must be allocated to the 1st placed horse to increase the calculated dividend to 70p is (£5,000 x 0.70) = £3,500. This means an additional (£3,500 – £3,200) = £300 will be taken from the net pool on the 2nd placed horse. So, the revised net pool allocated to each placed horse is now as follows:

The calculated dividend on each placed horse is now:

So, the declared dividends will be:

If a placed horse is part-backed, i.e. there is less than £1 of tickets in the pool on a placed horse, then the net pool assigned to that placed horse is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that placed horse which has not been won will be divided in equal proportion between the remaining placed horses which have been fully backed.

Example 3

Suppose we have a Place pool where the net funds available for distribution after the deduction has been removed is £3,000, and there are three places payable.

Then the net pool initially allocated to each placed horse = (£3,000 / 3) = £1,000.

Suppose the total amounts invested on the three placed horses are:

The 3rd placed horse is part backed, so only £400 of the £1,000 allocated to that horse will be paid out on that horse. The balance of £600 will be divided in equal proportion between the other horses which have been fully backed, so an additional £300 will be allocated to each of the 1st and 2nd placed horses.

So, the revised net pool allocated to each placed horse is now as follows:

The calculated dividend on each runner is now:

If a placed horse is not backed, the portion of the net pool assigned to that placed horse will be divided in equal proportion between the remaining placed horses which have been fully backed.

If none of the placed horses are fully backed, the balance of the gross pool assigned to each placed horse which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

If none of the placed horses are backed, the entire gross pool will be carried forward to another race as decided by britbet.

Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Place pool.

Non-runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Void/Abandoned Races/Meetings

If the race is void or abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Reduced Field Size

If the number of runners in any race falls below five, then the pool will be declared void and all stakes refunded.

Multiple Selections

Multiple selections on the same slip are accepted.

Insufficient Finishers

If the official number of finishers is fewer than the number of standard places in any leg, then only the runners which finish will be deemed to have been placed. The net pool will be divided by the number of finishers rather than being divided by the number of places that were originally payable on the race.

Dead Heats

If two or more horses dead heat for the final position which constitutes a place, a dividend is paid on each of those dead-heating horses. The amount of the pool allocated to that place is divided equally between the dead-heating horses.

If three or more horses dead heat for the penultimate position which constitutes a place, e.g. 2nd place in a race where three places are payable, a dividend is paid on each of those dead-heating horses. The total amount of the pool allocated to the final two places is divided equally between the dead-heating horses.

The proportion of the net pool allocated to each placed horse in the event of a dead-heat is as follows:

The part of the net pool allocated to each dead-heating horse is divided by the total stakes on that runner to obtain a calculated dividend for each dead-heating horse. The calculated dividend is then determined in accordance with the calculation of dividends above.

Holders of winning tickets are then paid in proportion to their stakes.

In the event of a dead heat, if the calculated dividend of a horse involved in that dead heat is 50p or below, the dividend declared will be 50p and no money will be taken from the net pool allocated to any of the remaining placed horses to increase the calculated dividend.

If a dead-heating horse is part-backed, i.e. there is less than £1 of tickets in the pool on that horse, the net pool assigned to that horse is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that dead-heating horse which has not been won will be divided between all the placed horses which have been fully backed, and will be allocated in equal shares with the exception of the other dead-heating horse(s) for which the funds will be apportioned as stated in the dead-heat rule below.

If a dead-heating horse is not backed, then the net pool assigned to that dead-heating horse which has not been won will be divided between the remaining placed horses which have been fully backed, and will be allocated in equal shares with the exception of the other dead-heating horse(s) for which the funds will be apportioned as stated in the dead-heat rule below.

In the event of a dead-heat, if money within the Place pool should be transferred between the placed horses, either to increase a calculated dividend to a specific minimum threshold or to re-assign funds from a placed horse which has not been fully backed to the remaining placed horses which have been fully backed, then the funds transferred to or transferred from a placed horse will be proportioned in the same ratio as the allocation of funds in the event of a dead heat as shown in the table above.

Example 4

Suppose we have a two-way dead heat for 3rd place with three places payable in the Place pool, where:

the 1st placed horse is part backed;
the 2nd placed horse and the two dead-heating 3rd placed horses are fully backed;

the balance of the net pool not won on the first placed horse is £1,000.

The £1,000 needs to be redistributed amongst the other placed horses which have been fully backed. Those are the 2nd, 3rd(A) and 3rd(B).
From the table above, the proportion of the net pool allocated to each placed horse is:

So, each of the two dead heating horses will be allocated half as much as the 2nd placed horse, i.e. the 2nd placed horse will be allocated £500 and each of the two dead-heating horses will be allocated £250.

Example 5

Suppose we have a triple dead heat for 2nd place with three places payable in the Place pool, where:

one of the horses which triple dead-heats for second place is part-backed;
all the remaining placed horses are fully backed;
the balance of the net pool not won on that part-backed dead-heating horse is £700.
The £700 needs to be re-distributed amongst the other placed horses which have been fully backed. Those are the 1st, 2nd(A) and 2nd(B).

From the table above, the proportion of the net pool allocated to each placed horse is:

So, each of the two dead-heating horses which have been fully backed will be allocated two-thirds as much as the 1st placed horse, i.e. the 1st placed horse will be allocated £300 and each of the two dead-heating horses will be allocated £200.

Aim of the Bet

To select the winner and the second horse in the correct order.

Races On Which Pool Is Operated

The Exacta pool is operated on all races of three or more runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

25%

Calculation Of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

The net pool is divided by the total stakes on the winning Exacta combination to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

(i) If the calculated dividend is less than £1.10, the payable dividend will be £1.10.
(ii) Notwithstanding (i) above, in the case of a dead heat for either 1st or 2nd if the calculated dividend is 60p or below, the payable dividend will be 60p. (See rule on Dead Heats below.)

Holders of winning tickets are then paid in proportion to their stakes.

If the winning Exacta combination is part-backed, i.e. there is less than £1 of winning tickets in the pool, then the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.
If the winning Exacta combination is not backed, then the entire gross pool will be carried forward to another race as decided by britbet.

Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Exacta pool.

Non-Runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Void/Abandoned Races/Meetings

If the race is void or abandoned and is not re-run on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Reduced Field Size

If the number of runners in any race falls below three, the pool will be declared void and all stakes refunded.

Multiple Selections, Bankers and Permutations

Fixed bankers are permitted and are limited to one per bet. Some outlets also allow floating bankers, again limited to one per bet.
A fixed banker allows you to combine one horse you are confident will finish in first place with any number of other horses to fill second place.
A floating banker allows you to combine one horse you are confident will finish in either of the Exacta places with any number of other horses to fill the other place.

Reverse Exactas (1st and 2nd in either order) and permutations (two from any number of horses to finish in the Exacta places) are accepted.

Insufficient Finishers

If only one horse officially finishes the race, the dividend will be declared on that horse with any other.
If the official result is that there are no finishers, the pool will be declared void and all stakes refunded.

Dead Heats

When two or more horses dead-heat for first or second place, the net pool will be divided into as many equal parts as there are winning combinations.
The proportion of the net pool allocated to each winning combination of the Exacta in the event of a dead-heat is as follows:

The part of the net pool allocated to each combination is then divided by the total stakes on that combination to obtain a calculated dividend. The calculated dividend is then determined in accordance with the calculation of dividends above.

Holders of winning tickets are then paid in proportion to their stakes.

If a combination involving dead-heating horses is not fully backed, i.e. there is less than £1 of tickets in the pool on that combination, then the net pool assigned to that combination is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

Example

Suppose we have an Exacta pool where the net fund available for distribution after the deduction has been removed is £1,000 and there is a dead-heat for 2nd place between two horses, A and B with the following amounts invested on each winning exacta combination:

1st + 2nd(A) £100.00
1st + 2nd(B) £0.90

The net pool is divided into two equal parts, and £500 is allocated to each of the two winning combinations.

The £500 allocated to combination ‘1st + 2nd(A)’ is then divided by the £100 of stakes on that combination, so the calculated dividend for that combination is £5.00.

As combination ‘1st + 2nd(B)’ is part-backed, then the £500 allocated to that combination is the calculated dividend.

The total amount paid out on combination ‘1st + 2nd(B)’ is only (0.9 x £500) = £450, so the remaining £50 which has not been won will be carried forward to a subsequent Exacta pool.

The deduction from any pool is only taken at the time the funds are won, so the 25% deduction is added back to the net funds carried forward. Therefore, the gross carry-forward in this example is £50.00 / (1 – 25%) = £66.67.

If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another Exacta pool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

The minimum dividend payable on a Exacta involving dead-heating horses will be 60 pence.

Aim of the Bet

To select the winner, the second and the third horse in the correct order.

Races On Which Pool Is Operated

The Trifecta pool is operated in all UK races with 3 or more declared runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

25%

Calculation Of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

The net pool is divided by the total stakes on the winning Trifecta combination to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

(i) If the calculated dividend is less than £1.10, the payable dividend will be £1.10.
(ii) Notwithstanding (i) above, in the case of a dead heat for 1st, 2nd or 3rd if the calculated dividend is 60p or below, the payable dividend will be 60p. (See rule on Dead Heats below.)

Holders of winning tickets are then paid in proportion to their stakes.

If the winning Trifecta combination is part backed, i.e. there is less than £1 of winning tickets in the pool, then the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

If the winning Trifecta combination is not backed, then the entire gross pool will be carried forward to another race as decided by britbet.

Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Trifecta pool.

Non-Runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Void/Abandoned Races/Meetings

If the race is void or abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Reduced Field Size

If the number of runners in any race falls below three, the pool will be declared void and all stakes refunded.

Multiple Selections, Bankers and Permutations

Fixed bankers are permitted, either one or two per bet. Some outlets also allow floating bankers, again either one or two per bet.

One fixed banker allows you to combine one horse you are confident will finish in first place with any number of other horses to fill the other two place(s). Two fixed bankers allow you to combine the horses you are confident will finish in first and second place with any number of other horses to fill third place.

Floating bankers allow you to combine either one or two horses you are confident will finish in any of the Trifecta places with any number of other horses to fill the other place(s).‘All-ways’ trifectas (1st, 2nd and 3rd in any order) and permutations (three from any number of horses to finish in the Trifecta places) are accepted.

Insufficient Finishers

If only two horses officially finish the race, the dividend will be declared on the first and second in the correct order, with any other runner for third.

If only one horse officially finishes the race, the dividend will be declared on that horse with any other runner for second and any other runner for third.

If the official result is that there are no finishers, the pool will be declared void and all stakes refunded.

Dead Heats

When two or more horses dead-heat for first, second or third place, the net pool will be divided into as many equal parts as there are winning combinations.
The proportion of the net pool allocated to each winning combination of the Trifecta in the event of a dead-heat is as follows:

Aim of the Bet

To select two horses to finish in any of the first three places.

Races On Which Pool Is Operated

The Swinger pool is operated on all races of six or more declared runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

All bets must be accepted into the system together with full stakes paid not later than ‘the off’ of the race.

Pool Deduction Rate

30%

Calculation Of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

If the number of actual runners is six or more, even in handicaps of 16 or more runners, there will be three winning combinations:

One-third of the net pool will be allocated to each combination. The part of the net pool allocated to each winning combination is then divided by the total stakes on that combination to obtain a calculated dividend for each combination. 

If the number of actual runners is reduced to only four or five, then there is only one winning combination:
1st & 2nd (in either order) 

In this case the entire net pool is divided by the total stakes on that combination to obtain a calculated dividend. 

The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:
(i) If the calculated dividend is greater than 70p and less than £1.10, the payable dividend will be £1.10.
(ii) If the calculated dividend is 70p or below, the payable dividend will be £1.02.
(iii) Notwithstanding (i) and (ii) above, if as a result of a dead-heat the proportion of the net pool allocated to any winning combination is reduced from one-third in the case of six or more runners, or reduced from the entire net pool in the case of 4 or 5 runners, should the calculated dividend be 50p or below, the minimum dividend payable on such a combination will be 50p. (See rule on Dead Heats below.) 

Holders of winning tickets are then paid in proportion to their stakes. 

In the event of (ii) above, i.e. if the calculated dividend falls below 70p, money will be taken from the remaining winning combinations in equal shares to ensure that the minimum calculated dividend on any combination is not less than 70p. 

Example 1 

Suppose we have Swinger pool where the net fund available for distribution after the deduction has been removed is £12,000. 

Then the net pool initially allocated to each winning combination = (£12,000 / 3) = £4,000. 

Suppose the total amounts invested on the three winning combinations are:

Therefore, the calculated dividends on the three winning combinations would be:

The calculated dividend for the combination ‘2nd + 3rd’ is less than 70p. Therefore, money will be taken from the net pool on the remaining winning combinations in equal shares to ensure that the minimum calculated dividend on any winning combination is not less than 70p. 

The net pool which must be allocated to the combination ‘2nd + 3rd’ to increase the calculated dividend to 70p is (£8,000 x 0.70) = £5,600. This means an additional (£5,600 – £4,000) = £1,600 will be taken from the net pool on the other two winning combinations in equal shares, i.e. £800 from each of those other two winning combinations. So, the revised net pool allocated to each winning combination is now as follows:

The calculated dividend on each winning combination is now:

So the declared dividends will be:

Example 2 

Suppose once again we have a Swinger pool where the net fund available for distribution after the deduction has been removed is £12,000. 

Then the net pool initially allocated to each winning combination = (£12,000 / 3) = £4,000. 

Suppose the total amounts invested on the three winning combinations are:

(Note: The total amount of winning units can be greater than the net pool due to the deduction.) 

The calculated dividends on the three winning combinations would be:

The calculated dividend for the combination ‘2nd + 3rd’ is less than 70p. Therefore, money will be taken from the net pool on the remaining winning combinations in equal shares to ensure that the minimum calculated dividend on any winning combination is not less than 70p. 

The net pool which must be allocated to the combination ‘2nd + 3rd’ to increase the calculated dividend to 70p is (£8,000 x 0.70) = £5,600. This means an additional (£5,600 – £4,000) = £1,600 will be taken from the net pool on the other winning combinations in equal shares, i.e. £800 from each of those other two winning combinations. So the revised net pool allocated to each winning combination is now as follows:

The calculated dividend on each winning combination is now:

The calculated dividend for the combination ‘1st + 2nd’ has now fallen below 70p. Therefore, money must be taken from the net pool on the other remaining winning combination, i.e. the combination ‘1st + 3rd’, to ensure that the minimum calculated dividend on any winning combination is not less than 70p. 

The net pool which must be allocated to combination ‘1st + 2nd’ to increase the calculated dividend to 70p is (£5,000 x 0.70) = £3,500. This means an additional (£3,500 – £3,200) = £300 will be taken from the net pool on the combination ‘1st + 3rd’. So, the revised net pool allocated to each winning combination is now as follows:

The calculated dividend on each winning combination is now:

So, the declared dividends will be:

If a combination is part backed, i.e. there is less than £1 of tickets in the pool on a combination, then the net pool assigned to that combination is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool. 

Example 3 

Suppose we have a Swinger pool where the net fund available for distribution after the deduction has been removed is £3,000. 

Then the net pool allocated to each winning combination = (£3,000 / 3) = £1,000. 

Suppose the total amounts invested on the three winning combinations are:

The calculated dividends for the winning combinations ‘1st + 2nd’ and ‘1st + 3rd’ are £10.00 and £20.00 respectively. 

As the combination ‘2nd + 3rd’ is part-backed, the net pool of £1,000 is the calculated dividend for that combination. 

The total amount paid out on that combination is only (0.6 x £1,000) = £600, so the remaining £400 which has not been won will be carried forward to a subsequent Swinger pool. 

The deduction from any pool is only taken at the time the funds are won, so the 30% deduction is added back to the net funds carried forward. Therefore, the gross carry-forward in this example is £400.00 / (1 – 30%) = £571.43. 

If a combination is not backed, then the net pool assigned to that combination will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool. 

Note that any guarantee is disregarded for the purposes of carry-forwards. 

Favourite Investment 

Bets on the un-named favourite are not accepted in the Swinger pool. 

Non-Runners 

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable. 

Void/Abandoned Races/Meetings 

If the race is void or abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not. 

Reduced Field Size 

If the number of runners in any race is reduced to four or five, a dividend will only be paid in respect of the first and second placed horses in either order. 

If the number of runners in any race falls below four, the pool will be declared void and all stakes refunded. 

Multiple Selections, Bankers and Permutations 

Bankers are permitted and are limited to one per bet. A banker Swinger allows you to combine one horse you are confident will finish in the Trifecta places with any number of other horses. 

Permutations are accepted. 

Insufficient Finishers 

If only two horses officially finish the race, a dividend will only be declared on the first and second in either order. If this combination has not been backed then the pool will be carried forward to another race as decided by britbet. 

If only one horse officially finishes the race, a dividend will be declared on that horse with any other. This will be the only dividend declared. If that winning horse has not been included within any of the combinations backed, then the pool will be carried forward to another race as decided by britbet. 

Dead Heats 

In the case of six or more runners: 

Where two horses dead-heat for 1st place, the winning combinations will be any two of the first three finishers. 

Where three horses dead-heat for 1st place, the winning combinations will be any two of the first three finishers. 

Where two horses dead-heat for 2nd place, the winning combinations will be any two of the first three finishers. 

Where three horses dead-heat for 2nd place, the winning combinations will be 1st with any one of the dead-heating runners; and any two of the three dead-heating runners. 

Where two horses dead-heat for 3rd place, the winning combinations will be 1st and 2nd; 1st with either of the dead-heating runners; and 2nd with either of the dead-heating runners. 

Where three horses dead-heat for 3rd place, the winning combinations will be 1st and 2nd; 1st with any one of the dead-heating runners; and 2nd with any one of the dead-heating runners. 

Where two horses dead-heat for 1st place and two horses dead-heat for 3rd place, the winning combinations will be the two runners which dead-heated for first; and either runner which dead-heated for 1st with either runner which dead-heated for 3rd. 

In the case of only four or five runners: 

Where two horses dead-heat for 1st place, the winning combination will be those two runners. 

Where three horses dead-heat for 1st place, the winning combinations will be any two of those three runners. 

Where two or more horses dead-heat for 2nd place, the winning combinations will be 1st with any one of the dead-heating runners. 

If there is a two-way dead-heat for 1st place, then there will still be only one dividend payable for selecting the first two finishers. If there is a dead-heat for 2nd place or a dead-heat involving three or more horses for 1st place, the dividend will be calculated by apportioning the net pool in equal parts for each winning combination. 

Here is a comprehensive list showing the proportion of the net pool allocated to each winning combination of the Swinger in the event of a dead-heat: 

In the case of six or more runners:

In the case of only four or five runners:

The part of the net pool allocated to each combination is then divided by the total stakes on that combination to obtain a calculated dividend. The calculated dividend is then determined in accordance with the calculation of dividends above. 

Holders of winning tickets are then paid in proportion to their stakes. 

If a combination involving dead-heating horses is not fully backed, i.e. there is less than £1 of tickets in the pool on that combination, then the net pool assigned to that combination is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool. 

If a combination involving dead-heating horses is not backed, the net pool assigned to that dead-heating combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool. 

In the event of a dead-heat, if money within the Swinger should be transferred between the winning combinations in order to increase a calculated dividend to a specific minimum threshold, then the funds transferred from any winning combination will be proportioned in the same ratio as the allocation of funds in the event of a dead heat as shown in the table above. 

Example 4 

Suppose we have a two-way dead heat for 3rd place in a race of six or more runners, where:
combination ‘1st + 3rd(A)’ is part-backed;
all other winning combinations are fully backed;
the balance of the net pool not won on the part-backed combination is £500. 

The £500 needs to be re-distributed amongst the other winning combinations which have been fully backed. 

From the table above, the proportion of the net pool allocated to each winning combination is:

So, each of the three combinations involved a dead-heating horse which have been fully backed will be allocated half as much as the combination involving the first two horses, i.e. the £500 not won from the combination ‘1st + 3rd(A)’ will be allocated as follows: 

1st + 2nd £200
1st + 3rd(B) £100
2nd + 3rd(A) £100
2nd + 3rd(B) £100 

The minimum dividend payable on a Swinger bet involving dead-heating horses will be 50 pence.

Aim of the Bet

To select the winner, the second, third and fourth horse in the correct order.

Races On Which Pool Is Operated

The Superfecta pool is operated in all UK races with four or more declared runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

30%

Calculation Of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

The net pool is divided by the total stakes on the winning Superfecta combination to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

(i) If the calculated dividend is less than or equal to £1.10, the payable dividend will be £1.10.
(ii) Notwithstanding (i) above, in the case of a dead heat for 1st, 2nd, 3rd or 4th if the calculated dividend is 60p or below, the payable dividend will be 60p. (See rule on Dead Heats below.)

Holders of winning tickets are then paid in proportion to their stakes.

If the winning Superfecta combination is part backed, i.e. there is less than £1 of winning tickets in the pool, then the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

If the winning Superfecta combination is not backed, then the entire gross pool will be carried forward to another race as decided by britbet.

Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Superfecta pool.

Non-Runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Void/Abandoned Races/Meetings

If the race is void or abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Reduced Field Size

If the number of runners in any race falls below four, the pool will be declared void and all stakes refunded.

Multiple Selections, Bankers and Permutations

Fixed bankers are permitted and are limited to one per bet.

A fixed banker allows you to combine one horse you are confident will finish in first place with any number of other horses to fill the other three places.

Insufficient Finishers

If only three horses officially finish the race, the dividend will be declared on the first, second and third in the correct order, with any other runner for fourth.

If only two horses officially finish the race, the dividend will be declared on the first and second in the correct order, with any other runner for third and any other runner for fourth.

If only one horse officially finishes the race, the dividend will be declared on that horse with any other runner for second and any other runner for third and any other runner for fourth.

If the official result is that there are no finishers, the pool will be declared void and all stakes refunded.

Dead Heats

When two or more horses dead-heat for first, second, third or fourth place, the net pool will be divided into as many equal parts as there are winning combinations.
The proportion of the net pool allocated to each winning combination of the Superfecta in the event of a dead-heat is as follows:

The part of the net pool allocated to each combination is then divided by the total stakes on that combination to obtain a calculated dividend. The calculated dividend is then determined in accordance with the calculation of dividends above.

Holders of winning tickets are then paid in proportion to their stakes.

If a combination involving dead-heating horses is not fully backed, i.e. there is less than £1 of tickets in the pool on that combination, then the net pool assigned to that combination is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

Example

Suppose we have a Superfecta pool where the net fund available for distribution after the deduction has been removed is £1,000 and there is a dead-heat for 4th place between two horses, A and B with the following amounts invested on each winning exacta combination:

1st + 2nd + 3rd + 4th(A) £100.00
1st + 2nd + 3rd + 4th(B) £0.90

The net pool is divided into two equal parts, and £500 is allocated to each of the two winning combinations.

The £500 allocated to combination ‘1st + 2nd + 3rd + 4th(A)’ is then divided by the £100 of stakes on that combination, so the calculated dividend for that combination is £5.00.

As combination ‘1st + 2nd + 3rd + 4th(B)’ is part-backed, then the £500 allocated to that combination is the calculated dividend.

The total amount paid out on combination ‘1st + 2nd + 3rd + 4th(B)’ is only (0.9 x £500) = £450, so the remaining £50 which has not been won will be carried forward to a subsequent Superfecta pool.

The deduction from any pool is only taken at the time the funds are won, so the 25% deduction is added back to the net funds carried forward. Therefore the gross carry-forward in this example is £50.00 / (1 – 25%) = £66.67.

If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another Superfecta pool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

The minimum dividend payable on a Superfecta involving dead-heating horses will be 60 pence.

Aim of the Bet

To select the first two finishers in a race in any order.

Races On Which Pool Is Operated

The Quinella pool is operated on all races of three or more runners unless otherwise stated.

Placing Bets

Minimum permitted stakes and stake units apply. See the point of sale for details.

Pool Deduction Rate

25%

Calculation Of Dividends

The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.

The net pool is divided by the total stakes on the winning Quinella combination to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake, with the following exceptions:

(i) If the calculated dividend is less than £1.10, the payable dividend will be £1.10.
(ii) Notwithstanding (i) above, in the case of a dead heat for either 1st or 2nd if the calculated dividend is 60p or below, the payable dividend will be 60p. (See rule on Dead Heats below.)

Holders of winning tickets are then paid in proportion to their stakes.

If the winning Quinella combination is part-backed, i.e. there is less than £1 of winning tickets in the pool, then the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.
If the winning Quinella combination is not backed, then the entire gross pool will be carried forward to another race as decided by britbet.

Note that any guarantee is disregarded for the purposes of carry-forwards.

Favourite Investment

Bets on the un-named favourite are not accepted in the Quinella pool.

Non-Runners

Bets ‘stand’ on horses which do not compete after coming under starter’s orders. Bets are void on horses which become non-runners before coming under starter’s orders, and the stakes on such non-runners are refundable.

Void/Abandoned Races/Meetings

If the race is void or abandoned and is not re-run on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. This is irrespective of whether the race is re-scheduled for a later date or not.

Reduced Field Size

If the number of runners in any race falls below three, the pool will be declared void and all stakes refunded.

Multiple Selections, Bankers and Permutations

Floating bankers are permitted and are limited to one per bet.

A floating banker allows you to combine one horse you are confident will finish in either of the first two places with any number of other horses to fill the other place.

Insufficient Finishers

If only one horse officially finishes the race, the dividend will be declared on that horse with any other.

If the official result is that there are no finishers, the pool will be declared void and all stakes refunded.

Dead Heats

When two or more horses dead-heat for first or second place, the net pool will be divided into as many equal parts as there are winning combinations.
The proportion of the net pool allocated to each winning combination of the Quinella in the event of a dead-heat is as follows:

The part of the net pool allocated to each combination is then divided by the total stakes on that combination to obtain a calculated dividend. The calculated dividend is then determined in accordance with the calculation of dividends above.

Holders of winning tickets are then paid in proportion to their stakes.

If a combination involving dead-heating horses is not fully backed, i.e. there is less than £1 of tickets in the pool on that combination, then the net pool assigned to that combination is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by britbet. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

Example

Suppose we have a Quinella pool where the net fund available for distribution after the deduction has been removed is £1,000 and there is a dead-heat for 2nd place between two horses, A and B with the following amounts invested on each winning exacta combination:

1st + 2nd(A) £100.00
1st + 2nd(B) £0.90

The net pool is divided into two equal parts, and £500 is allocated to each of the two winning combinations.

The £500 allocated to combination ‘1st + 2nd(A)’ is then divided by the £100 of stakes on that combination, so the calculated dividend for that combination is £5.00.

As combination ‘1st + 2nd(B)’ is part-backed, then the £500 allocated to that combination is the calculated dividend.

The total amount paid out on combination ‘1st + 2nd(B)’ is only (0.9 x £500) = £450, so the remaining £50 which has not been won will be carried forward to a subsequent Quinella pool.
The deduction from any pool is only taken at the time the funds are won, so the 25% deduction is added back to the net funds carried forward. Therefore, the gross carry-forward in this example is £50.00 / (1 – 25%) = £66.67.

If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another Quinella pool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

The minimum dividend payable on a Quinella involving dead-heating horses will be 60 pence.

Aim Of The Bet 

To select the winning horse in each of 'n' races across one or more meetings as nominated by britbet. 

Multiple Pick ‘n’ pools may run at a single horse racing meeting. 

Placing Bets 

Minimum permitted stakes apply. See the point of sale for details. 

Pool Deduction Rate 

25% 

Calculation Of Bets 

The net total of the funds invested plus any funds carried forward forms the net pool. If the net pool is guaranteed to a particular amount, then this amount forms the net pool unless the net total of the funds invested plus any funds carried forward is greater than the guarantee. 

The net pool is divided by the gross total staked on the winning Pick ‘n’ combination to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake. If the calculated dividend is equal to or less than £1.10, than the payable dividend will be £1.10. 

Holders of winning tickets are then paid in proportion to their stakes. If the winning Pick ‘n’ combination is part backed, i.e. there is less than £1 of winning tickets in the pool, then the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the net pool which has not been won will be carried forward to another contest as decided by the operator. 

If the winning Pick ‘n’ combination is not backed, then the entire net pool will be carried forward to another contest as decided by the operator. 

Note that any guarantee is disregarded for the purposes of carryovers. 

Favourite Investment 

Bets on an unnamed favourite are not accepted. 

Non-Runners 

Bets ‘stand’ on horses which do not compete after coming under starter’s orders.
Non-runner selections are not void but are replaced by the britbet Win pool favourite. 

When there are joint or co-favourites, the horse with the lowest racecard number will be taken. 

If no Win pool is operated, then the lowest racecard number will substitute. 

Walkovers/Void/Abandoned Races/Meetings 

If any leg of the Pick ‘n’ is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not rerun on the same day, then the pool will be settled on the remaining legs, i.e. every selection in that leg is deemed to have been successful, provided at least one leg of the bet takes place. However, any carry forward or guarantee shall not be included in the dividend calculation if one or more races are void. 

If none of the legs of the Pick ‘n’ take place, the pool will be declared void and all stakes refunded. 

Provided at least one leg takes place, a dividend will be declared, subject to britbet rules. 

Multiple Selections and Permutations 

Permutations are permitted. 

To calculate the number of permutations, customers should multiply together the number of selections in each leg. 

Insufficient Finishers 

If in any leg the official result is that there are no finishers, the pool will be settled on the remaining legs, i.e., every selection is deemed to have been successful. 

Dead Heats 

Dead heats for first place in any leg count as equal winners.