By Graham Sharpe
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Additional resources for A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner
E. , a non-runner is added to make up the correct number of selections. For instance in a Yankee if the selections nominated are A B and C, a non-runner is added for the fourth selection. Settlement is then identical to the example given in our explanation of non-runners. Where an extra selection is inadvertently added, then the number of bets is usually adjusted to equal the total number of selections. 10, is adjusted to a Canadian (26) bets and the return proportioned 11⁄ 26th. Knowing these pitfalls is a good incentive to getting your bets right.
Bets made at starting price are not affected except in cases where insufﬁcient time arises for a fresh market to be formed, when the same scale of reductions will apply. In the event of the withdrawal of one or more runners in circumstances which would lead to only one runner and therefore a ‘walk-over’, all bets on the race will be void. The race will be considered a ‘walk-over’ for the purposes of settling bets. For the purpose of this Rule, the non-appearance of the number of a declared runner in the number board will be held to be an ofﬁcial notiﬁcation of the withdrawal of such a horse before coming under starter’s orders.
2nd in a race of 5 to 7 runners; 3rd in a ﬁeld of up to twelve; 4th in a handicap race of 16 runners or more, and so on – when half the place stake is lost and full place odds paid to the remainder. For example: £1 Double A and B. A is an outright winner at 5-1 and B dead-heats for 1st place at 4-1. The calculation is therefore £1 @ 5-1 = £6. £6 @ 4-1 dead-heat is £3 @ 4-1 = £15 with the remainder of the stake lost. When using the pyramid block to calculate bets, simply halve any stake running on to a dead-heat selection.
A Gentleman's Guide to Calculating Winning Bets: A Racing Ready Reckoner by Graham Sharpe