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AIM OF THE BET
To select a horse to be placed in each of the of the nominated races. The standard Tote Placepot will typically involve the first six races of each meeting and the Tote Placepot 7 and ITV7 Placepot will involve selected races across various meetings each day.
The finishing positions which constitute a place in any leg, unless otherwise stated, are as follows:
2 - 4 runners 1st
5 - 7 runners 1st & 2nd
8 - 15 runners 1st, 2nd & 3rd
Non-handicap of 16 or more runners 1st, 2nd & 3rd
Handicap of 16 or more runners 1st, 2nd, 3rd & 4th
MEETINGS ON WHICH POOL IS OPERATED
The standard Tote Placepot on the first six races at a meeting is operated on all British meetings and selected overseas meetings unless otherwise stated.
Cross-meeting placepots may also be made available. These placepots follow the same rules as the standard placepot, but the races may be selected from more than one race meeting, and the number of legs in the bet may exceed 6.
When a placepot has more than six legs, as is the case with the Placepot 7 and ITV7 Placepot, to win the bet the player must select a placed horse in every leg.
POOL DEDUCTION RATE
UK Tote pools 27% (The net pool is therefore 73% of the gross pool) and Tote Ireland pools 30% (The net pool is therefore 70% of the gross pool).
CALCULATION OF DIVIDENDS
The total of the funds invested plus any funds brought forward form the gross pool. If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee.
The net pool is divided by the total winning stakes to obtain a calculated dividend. The calculated dividend is then rounded down to the next 10 pence to obtain the payable dividend declared to a £1 stake. In any event, the minimum Tote Placepot dividend will be £1.10.
Holders of winning tickets are then paid in proportion to their stakes.
If the pool is not fully won, i.e. there is less than £1 of winning tickets in the pool, the net pool is the calculated dividend. In accordance with the rules above, this is then rounded down to the next 10 pence to obtain the payable dividend to a £1 stake. The balance of the gross pool which has not been won will be carried forward to another Tote Placepot as decided by Tote. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.
If there are no winning tickets in the pool, then the entire gross pool will be carried forward to another Tote Placepot as decided by Tote.
Note that any guarantee is disregarded for the purposes of carry-forwards.
FAVOURITE INVESTMENT
Bets on the un-named favourite are accepted and are represented by the starting price favourite. (See rule on non-runners below.)
NON-RUNNERS
Bets 'stand' on horses which do not compete after coming under starter's orders.
Non-runner selections are not void but are replaced by the starting price favourite.
When there are joint or co-favourites, the horse with the lowest racecard number will be taken. Should the favourite be withdrawn before coming under starter’s orders but too late for the SP market to be re-formed, the horse with the shortest returned starting price will be used, but should there be two or more runners at the shortest starting price, the one with the lowest racecard number will be taken. If there are no starting prices returned, the first runner quoted in the Racing Post betting forecast will be substituted. If there is no betting forecast and hence no substitute horse can be determined in accordance with any specific rules then the runner with the highest number of Tote Win pool units in the relevant race will be substituted. If two or more runners have an equal number of Tote Win pool units then the one with the lowest racecard number will substitute. If no Tote Win pool is operated then the lowest racecard number will substitute.
For Placepot pools hosted by the Tote comprising of International races, please refer to the table below for the different selection criteria of the substitute for a non-runner.
Country/Primary method of selecting a substitute for a non runner/Joint or co favourites;
- UK/Starting Price favourite/Lowest racecard number
- Ireland/Starting Price favourite/Lowest racecard number
- Hong Kong/Hong Kong Jockey Club Tote Win pool favourite/Lowest racecard number
- Sweden/ATG Sweden Tote Win pool favourite/Lowest racecard number
- France/Press Association Starting Price favourite/Lowest racecard number
- South Africa/Press Association Starting Price favourite/Lowest racecard number
- UAE/Press Association Starting Price favourite/Lowest racecard number
- USA/Press Association Starting Price favourite/Lowest racecard number
- Bahrain Press Association Starting Price favourite/Lowest racecard number
WALKOVERS/VOID/ABANDONED RACES/MEETINGS
If any leg of the Tote Placepot is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining legs, i.e. every selection in that leg is deemed to have been successful, provided at least one leg of the bet takes place.
If none of the legs of the Tote Placepot take place, the pool will be declared void and all stakes refunded.
Provided at least one leg takes place, a dividend will be declared, subject to Tote rules.
MULTIPLE SELECTIONS, BANKERS & PERMUTATIONS
Permutations are permitted. To calculate the number of permutations, customers should multiply together the number of selections in each leg.
INSUFFICIENT FINISHERS
If in any leg the official number of finishers is fewer than the number of standard places, only the runners which finish will be deemed to have been placed.
If in any leg the official result is that there are no finishers, the pool will be settled on the remaining legs, i.e. every selection is deemed to have been successful.
DEAD HEATS
In the event of a dead-heat for any position which constitutes a place in any leg of the bet, all such dead-heating horses are considered to be fully-placed in that race.
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