Deductions
- A deduction may be applied to any fixed odds bets if there are any scratchings after the bet is placed. 🏇
- Where Betright has paid out dividends based on interim results before deductions are applied for late scratchings, the client account may be adjusted by applying the relevant deduction/s. This adjustment for deductions is also applicable to BT+SP and RD+ products.
- Deductions are calculated by cents to the dollar, which can be found under this Directive of Deductions.
Example
$50 stake on a horse with fixed odds of $5.00.
A horse with the odds of $3.80 is scratched after the bet has been struck. According to our Directive of Deductions, the deductions is 25 cents to the dollar (25%).
If this bet wins, the calculation is:
Original return: $50 x $5 = $250.
Deductions: $250 x 0.25 = $62.50.
Return after deductions: $250 - $62.50 = $187.50.