Horse racing betting rule 4

This is when non-runners mean you get your stake back. Usually, but not always, the final declaration stage is 24 hours before the race. It can be 48 hours before a race. Rule 4 does not apply to any ante-post market. Ante-post or futures markets are betting on a horse race before the final declarations are known. If you back a non-runner in an ante-post market then you do not get your money back so obviously no Rule 4 is applied to the people who are holding bets on horses that benefit from this non-runner.

Can Rule 4 apply to anything other than horse or dog racing? This is possible on general sports. These controls proved effective in identifying the sports betting integrity concerns in relation to Mr Evans which were reported to the BHA and ourselves in accordance with licence condition To understand whether you are managing Rule 4 in line with the standards we expect, operators should ask themselves the following questions: Policies do you have robust company policies that deal with sports betting integrity and misuse of inside information requirements?

Training are all employees working within the trading team trained in this area? Betting rules are your rules in relation to Rule 4 accessible and written in plain and clear language? Anything that is, or could be perceived as, unfair risks damaging the reputation of the industry as a whole. We will continue to monitor the situation. If we become aware that our expectations are not being met, we will consider exercising our formal regulatory powers on both the bookmaker and wider industry.

This could include, for example, seeking a licence condition that mandates a specific approach to Rule 4 that would mitigate the evident risk; namely, applying Rule 4 based on the price of the withdrawn horse at time of bet placement or the price of the withdrawn horse at its official withdrawal time as recorded by the British Horseracing Authority. Note to editors Rule 4 is a general rule of betting which relates to the reduction of winnings when a horse you have backed wins or is placed.

They are made when a horse is withdrawn from a race because it becomes easier for the other runners to win.

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