Betting Rule 4 – What is Rule 4 in Horse Racing Betting?🏇
You may not be aware of Rule 4 or R4 until it has been applied to your wager and you have received a lower payment than you anticipated. After the final declarations have been made, Rule 4 is an industry-wide deduction rule for non-runners in a horse race or greyhound race. This might happen in other markets when a certain number of participants are required and one or more are withdrawn.
The rule allows a tiered discount on the amount you pay if your selection wins, depending on the price of the chances of the horses or dogs withdrawn from the event. With a complete list of deductions, we shall clarify what rule 4 implies in this post.
What is Rule 4 and how does it work?
The Tattersalls Rule of Racing, often known as Rule 4, or Rule 4 (c), is an industry-agreed standard deduction strategy that controls all races and protects bookmakers from non-participants. If you place a bet on a horse or greyhound in a race after the final declarations are made, and one or more of the other horses or greyhounds are then declared non-participants, the starting price will no longer reflect your horse’s or greyhound’s chances of winning the race. If your selection wins, the bookmaker will decrease your payout; the deduction will be determined by the price of the withdrawn runner. No deductions will be made if the one who did not run was an unlikely winner of the race, with odds of 20/1, for example. If a winner is more likely to withdraw, such as a 13/8 favourite, his or her non-participant status will have a higher impact on the price of the rest of the land, therefore as much as the non-price. participant’s The greater it is, the lesser the involvement. Any gain is deducted from Rule 4 deductions. If a strong favourite, such as a 1/6 favourite, is judged non-participating, a deduction of 90% of earnings, or 90p in GBP 1, may be applied. Rule 4 has no bearing on your claim to a reimbursement of your wager on the withdrawn selection or any subsequent non-participant prior to entering the starting orders.
Is Betting Rule 4 subject to any exceptions? 🚫
Some bookies, particularly the 5p rule, have abolished some of the lowest deductions.
Ladbrokes is an example of a company that has long rejected the 5p discount.
Rule 4 deductions do not apply to pre-post bets. Regardless of non-entrants, bets placed on an ante-post market will not be subject to a Rule 4 deduction.
This is one of the primary advantages of ante-post betting; however, if your selection does not participate in the event, your bet will not be returned as a “non-participant,” and it will be settled as a loss.
Some betting services consider a 10/1 + selection to be a zero deduction outsider, while others go as high as 14/1.
What is the source of the quota prices under Rule 4? 💡
Rule 4’s price is determined by the odds at which the non-runner trades at the time of withdrawal and is unique to the bookmaker with whom you placed the wager. For example, when a horse is ruled non-participating, two different bookies may have different prices, and your rule 4 will be determined by the price published on the chosen bookmaker.
If you place a bet at the initial price, however, it will not go through since the market will be reconstructed and the SP will be modified accordingly. The price will be changed if your selection is removed after the starting price has been declared and before the market can be reconstructed.
If a fixed price is taken after the market has been reconstructed, this will not affect bets. Winnings will only be removed from bets placed prior to the announcement of the reformed market prices.
Rule 4 “Not To Place” bets 📜
If your wager was placed before the non-participant was declared and before the market was restructured, the number of places given in the original market will stay the same.
If the number of seats on the field is equal to or less than the number of horses left on the field, Rule 4 is reversed. This increases your odds of winning because your bet is now less likely to win. If you place a “do not place” bet in a race with eight runners and pay three seats and then are declared a non-participant, there are now just seven horses in the race, but three extra seats are given, diminishing your odds of being selected. If your wager wins, your earnings will be raised in proportion to the withdrawn horse’s odds at the specified bookmaker.
Frequently Asked Questions about Rule 4:
What happens if more than one choice is removed?
If a selection is designated non-participating, the market is rebuilt with new prices, and if more participants withdraw, the market is remade again, and so on. The second deduction in Rule 4 will be based on the reformed price, not the initial price if a horse is judged non-running in a reformed market.
What is the most you can deduct under Rule 4?
The maximum possible deduction is GBP 0.90 (90 percent) if two or more runners withdraw.
Will my Rule 4 stake refund be reduced?
No, is the simple response. Regardless of the size of any of your gains, your whole wager will be recalculated.
What if my horse finishes fourth?
If a horse is declared non-running and the field is reduced as a result, the reformed market may provide fewer each-way betting options. You will be entitled to the same number of places as the original market if your bet was placed before the non-participant was announced and the market was reformed.