Betting
Rules:
EXTRA DOUBLE EVENT
1. The Extra Double event shall be any designated two
non-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 Extra 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: winners (1st place horses) for
both races.
5.a. The Extra Double dividend shall be computed based
on the unit of P1.00 by dividing the Extra Double total net dividend pool
by the total cost of winning tickets on the Extra 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
dividends 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 in computing 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.
- 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 for 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 Extra
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.
- In the event a consolation dividend has to be awarded, the computation
will be as follows:
- 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.
- 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.)
- 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
- In case of a dead heat for first place in the second leg, 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
- In the event that the first leg of the Extra 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.)
- When there are two or more declared starters in each leg / race, Extra
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 Extra Double event. If during the betting
period for a particular Extra 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 Extra Double betting and
all bets already made shall be refunded
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