Rule 4 Ante Post Betting Calculations TATTERSALLS - RULE 4 (c)
In the event of a horse being a late withdrawal from a race before coming under starters orders, or is officially deemed not to have taken part in a race by the starter, then this horse is treated as a non-runner and stakes on this horse will be returned and any winning bets in the race will be subject to deductions in accordance with Tattersalls' Rule 4c.
There is a set rate of deduction in this eventuality, as follows:-
Price of horse at withdrawal 3/10 or lower over 3/10 and up to 2/5 inc. over 2/5 and up to 8/15 inc over 8/15 and up to 8/13 inc over 8/13 and up to 4/5 inc over 4/5 and up to 20/21 inc over 20/21 and up to 6/5 inc over 6/5 and up to 6/4 inc over 6/4 and up to 7/4 inc over 7/4 and up to 9/4 inc over 9/4 and up to 3/1 inc over 3/1 and up to 4/1 inc over 4/1 and up to 11/2 inc over 11/2 and up to 9/1 inc over 9/1 and up to 14/1 inc over 14/1 if 2 or more withdrawn
If a horse is withdrawn, and a new betting market is formed, then Tattersalls' rule 4c will apply to board prices only. (i.e. prices taken on other horses before the new market)
If a bookmaker offers early prices on races, as they do most days and a horse or horses are withdrawn, then the bookmaker will apply Tattersalls' rule 4c on any prices taken on other horses in the race prior to them making a new market.
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Ante post is a term used when placing bets on an event in the future. In horse racing, that can mean betting on a horse and taking a price about it, right up to the overnight declarations are made, the day before the race. Prices taken about a horse after the overnight declarations are made, are not deemed to be ante post.
If you take an ante post price and your selection does not run, then you lose your money. That is the point about ante post betting. You are betting early (sometimes months in advance of a race), and the purpose of doing ante post is to try and take advantage of what you think is a good price for that horse in that race. Usually, there are lots of entrants for big races, such as the Grand National, and bookmakers offer prices on the entrants from the time they are published. If you want to bet ante post on a horse in this race and the ante post odds, when you place the bet in January, are 40/1, you can take this price. Between January and April when the race is run, there will be plenty of withdrawals, and the likelihood is that the price on your horse will drop quite a lot, assuming it is in good form and is still a runner. So you are taking advantage of the value on offer when you initially place the bet. On the other hand, the horse might run, but has been in bad form and the price might have risen by the time of the race, but you still only get the 40/1. This is the chance you take. Still, if the price does get bigger, you can always have another bet at the new price if you want to.
You can do singles, doubles, trebles and other multiple ante post bets and you can bet on different sports and other events such as general elections etc.
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