Anybody help me get my head around the dead heat rule in a bookies?

Question

Anybody help me get my head around the dead heat rule in a bookies?

Answer 1

A dead heat is where there are 2 (or more - for the purists) winners, where they have each won half a race and half lost it, so half your stake is a winner and half a loser - simple.  Everything else follows.  So, if you have £2 on to win at 3-1 and there is a dead heat for 1st place you draw £4, £3 plus half your stake back. Similarly if you have £2 each way (place 1 2 3) and your horse dead heats for 3rd place, you lose all your win stake and half your place stake so that your successful bet is £1 for a place. To the contributor below the questioner is asking about settling bets not about how the prize money is divided. I have given this additional information to satisfy the 4 numskulls who have given me a thumbs down.

Answer 2

If a race is a dead heat, both horses (dogs, runners, athletes or whatever) will be deemed to have won and the full SP paid on win and place bets. The 2 involved in the dead heat will be deemed to have taken 2 of the places available. So, if this was a 40 horse handicap, where 4 horses will be place, the 2 in the dead heat and the following 2 will take the places, and will finish 1st, 1st, 3rd and 4th.

Answer 3

Eddie D is correct - however I have personally always thought that you ought to get full stakes to half the odds.

As it stands half stakes to full odds is just one more thing in the bookies favour. example

As it is now.....£10 win on 20-1 dead heat converts to £5 x 20+ £5 back which equals a return of £105.

My wish is £10x 10 + £10 gives a return of  ÃƒÂ‚£110.  Not much,but I think would be much fairer.