All late scratchings will incur deductions to all winning bets placed at Fixed Odds.
Why are deductions applied?
Deductions are an industry-wide feature of fixed odds racing dictated by the stewards and are applied as a deduction (of cents in the dollar) to the face value of the ticket. It is a necessary re-framing of the market if horses/greyhounds are scratched from the final field.
What Bets get deductions?
All fixed odds racing (Gallops, Harness and Greyhounds) bets may be subject to deductions after a placement of a fixed odds bet. In all racing markets, any scratchings that occur after the final field has been declared are classed as late scratchings.
What is a late scratching?
For scratchings that occur prior to the opening of an official on course market (usually available 25 minutes prior to the official race start time) Sportsbet.com.au will apply a deduction. Official deductions (as declared by the Stewards) will only apply for late scratchings that occur after the official on course market is open.
What is the Final Field?
Final Field comprises the final acceptors as advised by the controlling Race Club. All bets struck prior to the Final Field being declared are accepted on an ALL-IN basis (i.e. no refunds for non-runners and no deductions from any other runner.) Bets struck after the final field is declared are eligible for a full refund on scratched horses or greyhounds and deductions will apply to remaining runners.
How are deductions calculated?
Say you place a $10 bet on a horse with fixed odds of $2.50. There was a late scratching and there was a 36c deduction per dollar. To calculate the payout:
- $10 stake x $2.50 odds = $25 face value of ticket (this is what you would have been paid if there were no deductions)
- $25 face value of the ticket x 36c deductions per dollar = $9 deducted amount
- $25 face value of ticket - $9 deducted amount = $16 actual payout.
How much of a deduction is applied to my bet?
See the schedule of deductions for full information.