What does it mean when a selection is dead heated?
When two or more selections are joint winners in an event, dead heat rules may be used to settle bets. This could include two horses crossing the finishing line at exactly the same time, or three strikers tying on 20 goals at the top of the “Top Scorer” tables.
In this situation, dead heat rules will be used, which are worked out by dividing the total stake by the number of participants in the dead heat, and then multiplying by the odds at which the bet was placed. This calculation will give the total return to be collected by the customer.
Customer A backs Wayne Rooney for £10 at 6/4 to be Top Premiership Scorer
Customer B backs Darren Bent for £20 at 20/1 to be Top Premiership Scorer
Customer C backs Didier Drogba for £5 at 5/1 to be Top Premiership Scorer
In a three way dead heat the following returns would be expected:
Customer A – (£10 / 3 = £3.33) * 6/4 = £8.33 return
Customer B – (£20 / 3 = £6.67) * 20/1 = £140 return
Customer C – (£5 / 3 = £1.67) * 5/1 = £10 return
Dead heat rules do not apply when the tie or draw is offered in the market.
Effectively when you have a dead heat, one part of your bet is treated as a winner, and one part as a loser. If a three way dead-heat, one part (33.33%) would be a winner, and two parts (66.66%) would be losers.
Dead heats are a common occurrence in Golf tournaments as players can finish tied for places. Depending on the number of players tied and the number of places offered, this can affect settlement in a variety of ways.
An example of this could be as follows:
If a bet was struck on S Torrence to win the tournament Each Way (at a 1/4 the odds, 3 places) settlement would be determined as follows:
As 3 players were tied for the remaining place left in the market - 1st and 2nd finished clear of the field - the stake is divided by the following:
number of places remaining
- - - - - - - - - - - - - - - - - - -
the number of participants involved in the dead heat
In the above example, S Torrence backers would have their stake stake reduced by 1/3rd (1 place remaining and 3 involved in the dead heat). The price taken remains unaffected, it is only the stake that is subject to a reduction.
The principles would then be the same if the bet had been struck and 4 places were offered, i.e. 2 places remaining, 3 participants in the dead heat = 2/3rds of stake.
If you are unsure as to how your bet has been settled, please do not hesitate to contact us and we will be happy to calculate the returns for you.