Rule 4 deductions

Tout Seul

Tout Seul

Senior Jockey
Joined
May 2, 2003
Messages
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Deductions generally are referred to as percentage of winnings. Does this mean %age of profit or is the stake included the deduction?

Never thought about it before.

eg
Bet 100@ 5/1 return = 600
Assume 50% reduction = either
600/2=300
or
100+500/2=350
 
I thought about this years ago - long before I held telephone accounts - and enquired at my local W Hills shop. I was told the deduction was made on the returns. I argued that this was not what should happen and was basically told I was welcome to bet elsewhere if I could find a bookie that only applied the deduction to the profit.

It's a rip-off but fortunately doesn't happen very often.
 
I always thought it was a deduction on the profit, surely you can't lose part of your stake otherwise you'd be a due a part refund on all losing bets as well?
 
Don't lose part of the stake. Think of the deduction as a percentage reduction in odds. A 10p rule 4 on 5/1 on Farhh in the Lockinge is essentially 5/1*0.9 = 9/2. New odds then multiplied by the full unit stake to calculate correct returns.
 
Tout Seul said:
Deductions generally are referred to as percentage of winnings. Does this mean %age of profit or is the stake included the deduction?

Never thought about it before.

eg
Bet 100@ 5/1 return = 600
Assume 50% reduction = either
600/2=300
or
100+500/2=350
Click to expand...

350
 
David, Suny, Your answer is what I generally believed was the case and I am pleased to have your confirmation. The point is that the rules refer to 'winnings' which are not defined. Winnings would, in practice, usually include stake eg pick up one winnings. Surely bookies rules should state that that there will be x% reduction in the odds?
 
Last edited:
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