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DAILY DOUBLE EVENT

1. The Daily Double event shall be any designated two consecutive races of the day appearing in the racing program as approved by the Philippine Racing Commission.

2. The bettor shall select one number from each of the nominated races that must finish first in the designated Daily Double event.

3. The bettor can choose from as many numbers of combinations as he wishes.

4. The minimum investment shall be P5.00. Other denominations in excess of the minimum investment of P5.00, in the exact multiple of P1.00, will be made available.

5. Dividend Qualification: 1st place horses from the two designated consecutive races.

5.a. The Daily Double dividend shall be computed based on the unit of P1.00 by dividing the Daily Double total net dividend pool by the total cost of winning tickets on the Daily Double winning combination. The dividend on each unit bet shall be declared by eliminating the fraction of ten centavos. No dividend less than P1.00 per unit shall be declared. Official dividends shall be posted based on the minimum bet of P5.00.

5.b. In case of dead heat for first place, in either of the legs, all entries involved in a dead heat coming in first shall be considered as winners. The dividends shall be computed separately according to the cost of winning tickets for each winning combination. The dividend shall be computed by dividing the total gross dividend pool into as many winning combinations with money bets and the quotient thereof shall be used to compute a partial net dividend pool for each part. The partial net dividend pool of each part shall then be divided by the total cost of winning tickets on the winning combination of that corresponding part.

5.c. In case one of the winning combinations involved in the dead heat has not been selected, the total gross dividend pool shall be distributed to the other winning combination(s) involved in the dead heat with money bets. Thereafter, the dividends of the winning combinations selected shall be computed in the same manner as 5.a or 5.b above.

5.d. In case of a dead heat for first place in both legs, dividends shall be computed by dividing the total gross dividend pool with the number of horses involved in the dead heat in the first leg with money bets. The resulting quotient thereof for each part shall then be divided by the number of horses involved in the dead heat in the second leg with money bets paired with the first leg dead heat winner. The partial net dividend pool of each winning combination shall then be divided by the cost of winning tickets on that corresponding winning combination.

5.e. In the event that the first place winner in either one or both legs has not been selected, the following priority shall be followed:

5.e.1. Second Place Winner. But if there are no money bets;

5.e.2. Third Place Winner. But if there are no money bets;

5.e.3. Fourth Place Winner and so on.

5.f. In the event that all finishers in the first leg have not been selected, the total pool shall be refunded. However, if all finishers in the second leg have not been selected, the first leg winner paired with any horse in the second leg shall be considered as the winners.

6. Bets made on a horse(s) that is withdrawn (i.e., non-starter) in either leg, prior to the running of the first leg of the Daily Double Event, shall be refunded.

7. Bets made on a horse(s) that is withdrawn in the second leg but paired with the winner in the first leg after the first leg has ran, shall be entitled to a consolation dividend.

  1. In case a consolation dividend has to be awarded, the computation shall be as follows:

    1. For consolation dividend, the total net dividend pool (if no dead heat for first has occurred) shall be divided by the total sales of the first leg winner.

    2. Regular dividend shall then be computed by deducting from the total net dividend pool the total consolation dividend as computed in 8.a above, and dividing the remainder thereof by the total cost of winning tickets of the regular winning combination. (For tax on winnings purpose: gross dividend pool less the cost of winning tickets of the regular winner and the cost of winning tickets of the first leg winner paired with the second leg scratch entry or entries, after the first leg has ran, multiplied by the tax rate.)

    3. In case of a dead heat for first place in the first leg, the consolation dividends shall be computed by dividing the total gross dividend pool into as many numbers of horses involved in the dead heat with money bets. The resulting quotient thereof shall be used to compute the partial net dividend pool, which shall then be divided by the total sales of that part's first leg winner. Regular dividends shall be computed by deducting from the partial net dividend pool of that part the total consolation dividends of that part and dividing the remainder thereof by the total cost of winning tickets of that part's first leg dead heat winner paired with the regular winner in the second leg.
    4. In case of a dead heat for first place in the second leg, the consolation dividends shall be computed similar to 8.a above. Regular dividends shall be computed by deducting from the total net dividend pool the total consolation dividends and dividing the remainder thereof by the number of horses involved in the dead heat with money bets and the quotient thereof is divided by the cost of winning tickets of the dead heat winner paired with the first leg winner

  2. In the event that the first leg of the Daily Double event is cancelled, all bets made shall be refunded. However, if the second leg is cancelled after the first leg has ran, consolation dividend shall be paid to all bets made in the second leg paired with the first leg winner. The consolation dividend, in this case, shall be computed by dividing the total net dividend pool by the total sales of the first leg winner. (For tax on winnings purposes, the cost of winning tickets is the total sales of the first leg winner paired with any horse number in the second leg.)

  3. When there are two or more declared starters in each leg / race, Daily Double bets may be accepted. If prior to the start of betting, horses are withdrawn in either leg and the number of remaining declared starters in either leg is four (4) or less, the Racing Manager may, at his sole discretion, cancel that particular Daily Double event. If during the betting period for a particular Daily Double event, horses are withdrawn such that the remaining declared starters in either leg is four or less, the Racing Manager, at his sole discretion, shall immediately stop the Daily Double betting and all bets already made shall be refunded

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