There are several different rules of betting that you will need to be aware of if you do intend to bet on horse races, and one that could affect the value of the odds you are paid out on any winning bets is something known as a Rule 4.
When a horse is withdrawn from any horse race just before the start of the race, many bookmakers do not have to time set up a new betting market, and as such the Rule 4 deduction will come into force when such an occurrence happens.
Rule 4 deductions will apply to all bets that have been stuck using odds that were on offer on horses in any race up until the point in time a horse was withdrawn and before a new betting market was applied to such a race.
So f you have placed a bet and chose to take odds on any horse rather than get paid out at the starting price, then any winnings you do achieve in such a race will see a small deduction being made on your winnings that takes into account the odds of the horse that was withdrawn.
If you place a bet after a new betting market has been formed when any horse is withdrawn from a race then your winnings will not be subject to the Rule 4 deduction.
Value of Rule 4 Deductions
In this next section of today’s news story, I am going to be giving you an insight into the exact value of the Rule 4 deductions that can and will be declared when a horse is withdrawn from a race.
If a horse is 1/9 or shorter then that is going to see the rule 4 being declared at a very high 90p in the pond, however I have never actually see a rule 4 that high, as most odds of favourites are rarely withdrawn from a race.
If a horse that is withdrawn is on offer at 2/11 to 2/17 at the time of its withdrawal the rule 4 deduction is 85p, if a horse however is on offer at the time of its withdrawal at odds of 1/4 to 1/ 5 then the deduction is 80p in the pound.
All horses withdrawn at odds of 3/10 to 2/7 will attract a rule 4 deduction of 75p and horse with odds attached to them of 2/5 to 1/3 that are withdrawn from a race will have a rule 4 of 70p.
The higher the odds at the time of withdrawal the lower the rule 4 deduction of course and horses that are 8/15 to 4/9, 8/13 to 4/7, 4/5 to 4/6, 20/21 to 5/6 and Evens (1/1) to 6/5 at the time of their withdrawal will attract a rule 4 deduction of 65p, 60p, 55p, 50p and 45p respectively.
You are much more likely to see horses with some of the following odds attached to them being withdrawn as opposed to long odds on horses, and as such any horse with odds of 5/4 to 6/4, 13/8 to 7/4, 15/8 to 9/4, 5/2 to 3/1, 10/3 to 4/1, 9/2 to 11/2, 6/1 to 9/1 and, 10/1 to 14/1 at the time of their withdrawal will have a rule 4 associated with them of 40p, 35p, 30p, 25p, 20p, 15p, 10p and 5p respectively.
Unique Bookmaker Rules Regarding Rule 4 Deductions
It is worth remembering that the chances of any horse being withdrawn from a race just before the race starts is quite rare, however there are many different reasons why a horse may be withdrawn.
As there is a lot of competition between sports betting sites and bookmakers in regards to horse racing, so what you may find is that some bookmakers and betting sites will have a unique rule in regards to any race on with a Rule 4 deduction is declared.
I am aware of a number of bookmakers and betting sites that will not require their winning customers to pay 5p in the pound who have been subject to a 5p in the pound Rule 4 deduction.
However, some bookmakers and betting sites have gone one further and have decided that if any of their winning customers ever bet on a race on which a horse is withdrawn and there is a Rule 4 deduction then those winning customers will not have to pay the deduction, and as such those are the betting sites and bookmakers that you should consider betting at.