1. Glossary of Terms
All-in A betting proposition where no refunds are given for scratchings or withdrawals regardless of whether or not a particular runner starts or completes the event on which the bet is placed. This means that all bets stand, no refunds are payable, and no deduction applies to winning bets.
All Clear means that the racing stewards deem the finishing order of horses is correct, and that bets can be paid out. It also means that no protest or objection has been made by the connections of any horse in the race. Also see Correct Weight.
Ante Post Futures Betting propositions on events prior to final acceptances.
Betting Receipt, Betting Ticket A receipt including a bet ticket number issued on confirmation of a bet placed, and in accordance with the Racing Rules of Play.
Bet Unit The selected bet amount per combination in a combination bet. Boxed Exotics All possible combinations outcomes bet on in a combination bet.
Combinations The number of possible of selected runners. Combination Bet or Exotic Bet A bet which involves selecting more than one horse in one or more races.
Correct Weight Indicates that the weight allocated by the place-getters has been checked and is correct. Correct weight must be signalled before bets can be paid out. Also, see All Clear.
Dead Heat Occurs when two or more runners are officially declared to have finished equal. This applies to both winners and place-getters in a single race.
Deductions A percentage reduction of a fixed odds return due to a scratching. Exacta A bet where you are required to select the 1st and 2nd horses in correct order.
Exotic Bet See Combination Bet. Face value of a bet the bet unit multiplied by the odds for a given selection.
Final Acceptances, Final Field Official participants (acceptors) nominated to start in the race as announced by the controlling Race Club of the country in which the race is run.
First Fours First4 A bet where you are required to select the 1st, 2nd, 3rd and 4th place-getters in correct order.
Fixed Odds Proprietary odds offered on a betting event, fixed at the time that the bet is placed. This means that the odds payable on winning bets do not change after the bet has been placed, regardless of market fluctuations (with the exception of deductions to betting in the event of late scratching(s), in which case the deductions are as per Deduction Table clause XX).
Fluctuations Changes in the odds offered on a particular runner as the market moves.
Futures See Ante-Post.
Inquiry Stewards may conduct an inquiry as a result of any incident which may have occurred during a race.
Late Scratchings Non-runners, Scratchings, Withdrawals A Horse or greyhound withdrawn from a race. Horses or greyhounds withdrawn after the commencement of betting are termed Late Scratchings.
MTP stands for Minutes to Post. As an extra added feature, we include a countdown, telling you how long it is to go before the start of the next race.
Non-runners See Late Scratchings.
Pre-post bet A fixed odds bet placed after the final field has been declared.
Protest A verbal or written dissent regarding the placings of a particular race, which is made to the stewards before the all clear is signalled.
Pay-out Return The gross monetary result of a winning bet. Place To finish in 1st, 2nd or 3rd in a race dependent on the field size. (In certain selected races, there will be a 4th place or only a 1st and 2nd place.)
Place Bet A bet placed on a runner to place in a race. Any runner finishing in a place position in a race.
Price Odds The probability offered that an outcome will occur. This is the number by which you multiply your bet unit to calculate your potential return.
Profit Winnings The return of a winning bet, less the bet cost i.e. the net earnings on a bet.
Quadrella A bet where you are required to select the 1st place getter in 4 nominated races.
Quinella A bet where you are required to select the 1st and 2nd place-getters in any order.
Rebate A percentage of the Stake returned to players on losing bets.
Return See Payout. Runner A horse or greyhound participating in a race.
Scratchings See Late Scratchings. Selections The horses or greyhounds (runners) chosen as part of the bet placed.
Stake The monetary outlay by the client in placing a bet. This is calculated as the bet unit multiplied by the number of combinations in a bet.
TBSP is the last fixed price offered by us (21Bet)
Tote Betting A bet type in which all stakes are placed into a pool. The dividend is calculated from the total amount wagered in the pool and the total number if winning tickets after the official race result is known. Dividends are declared after deductions have been made from the pool.
Trifecta A bet where you are required to select the 1st, 2nd and 3rd place-getters in correct order.
Win To finish 1st in a race. The runner finishing in this position is known as the Winner.
Win Bet A bet placed on a runner to win in a race.
2. General betting rules
2.1 Bet Placement and Acceptance
2.2 Bet Amendments and Changes to horse and dog races
with respect to horse and dog races:
2.3 Cancellation of a bet
2.4 Maximum bet wins
Once placed and accepted, a bet may not be altered or cancelled except in accordance with the Terms.
PLEASE NOTE: THE FOLLOWING RESTRICTIONS APPLY:
Depending on the product or type of Event you are betting on and depending on the currency that you are betting in, there are maximum bet wins that apply. These maximum bet wins are subject to change and may differ between Events. On any one event, the maximum bet win per event is limited as follows:
i. Win Betting To win 20,000 per race
ii. Place Betting To win 10,000 per race
iii. Trifecta and First Four Maximum win 20,000 per race
iv. Quinella and Exacta Maximum win 15,000 per race
v. Quaddies Maximum win 20,000
3. Displayed Odds
GTSP - Is the final price paid from Global Tote
SP - the final fixed price offered by 21Bet
Fixed Are the current fixed odds available
4. Racing MultiBets (All-Up Betting)
5. GOAT Products
5.1 GOAT Price Bump
6. GOAT Margin Butt
7. Special Racing Bet Types (Special Racing Markets)
8. Abandoned/Postponed and Transferred meetings
9. Bet Settlement
In the event that:
12. Bonus Bets Turnover Requirements