WIN-AND-PLACE "TOTE"

Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 21

WIN-AND-PLACE "TOTE"

EXPLANATION OF SYSTEM

TECHNICAL DIFFICULTIES

The permissive authority to racing clubs ;to compute dividends according to the, system of win and place is one that has been advocated for some time past, because of its success, in England, Australia, and other countries in which the totalisator is in use, and it will now.be interesting to see' if racing clubs in generl in the Dominion show favour toward the .new method. The Conference has certainly done everything in its power to assist clubs to weather the present depression. "

In September resolutions were passed by the executive committee authorising clubs to adopt the optional alternative systems of paying two dividends in races where there are five or more totalisator numbers allotted to starters in the race, and to pay three dividends in races where there are not less than nine numbers allotted on. the totalisator to starters in the race.- The latest resolution extends the alternatives by adding the win and place system.

Any club that decides to adopt the win and place system of computing dividends in preference to either or both of the optional systems already in use, or the system prescribed by Rules 325 (1) and (2) (the old system), will require to print in the official race cards of its race meeting as-the special, totalisator regulations the alternative conditions prescribed in the latest resolution in lieu of the regulations set out in. the sixth schedule of the rules.

The. following are the conditions for "*vin and place; computation imposed by the resolution (which is dated ISth November): —

The ■nun. and place system shall operate only where there are five or more starters to which separate numbers are allotted' on the totalisator. In any races where there are less than five such starters the Rules of Racing as to races in which a dividend is computable only in respect of first place shall be observed... : Investments shall be received separately for win-and for place and shown and dealt with as to both investments oa individual starters and the total investments on the race as separate pools. The whole amount of the win pool available for dividend computing purposes shall, be divided among investors on the first horse. ■ Where "there, are five, six, or seven such starters as aforesaid, the amount of.the.place,pool; available for dividends shall be divided into two equal parts to be, divided respectively among investors on the first liorse and the second horse. Where, there are eight or more sucb •starters as aforesaid, the amount of the place pool available for dividends shail be divided into three equal parts, to be divided respectively among investors on>the first, second, and third horses. In respect of the win pool where a dead.-neat occurs; for first place, the pool shall be divided into as many equal. parts as there are horses concerned in the dead heat, and allotted accordingly. In.respect of the place pool the total mount available for dividends shall be divided into as many equal parts as there are horses placed in the first three places, and allotted accordingly. ■For the purposes of the two preceding conditions,' bracketed horses shall be counted .-separately, and the amount to he_;diyided among investors on the bracketed horses shall be the' sum otthe several amounts so allotted to such horses^:, .'". . . ' : _ Jn respect .of the; win pool," where noj ticket is taken ou the first horse, the' next placed horse being not fartheu. back than third shall be deemed the winner for dividend computing purposes. In computing dividends no account shall- be taken of any horse dead-heating for first place r<m which no. tickets have been taken, r :■.:..-

in. respect of the place pool. no account shall be taken for dividend computing purposes of any placed horse in any dividend-bearing place on which no tickets have been taken, and the pool shall be divided into as many equal parts as there are horsea in such places on which tickets • have been taken. Provided that where pursuant to condition 4 hereof the place pool is to be divided into-two equal -parts only, a horse placed- third shall, if no tickets have been taken : on either or. both the first two-horses, be deemed to be in a' divi-dend-bearing place. Where in respect of either the win pool or the place pool there remains in any dividend-bearing place no horse on which tickets have been taken, or if the race is declared void, the amount paid-for each ticket shall be refunded, less the amount lawfully deductible from investments. j In respect of a division race on which Ihe totalisatov is opened once only, the following shall apply:—(a) The winner of, or the horses dead-heating for, first place in any division shall for the purposes of the win pool be deemed to have dead-heated for first place with the winners of or the horses dead-heathi" f°r first place in the other divisions! (b) The amount of the place pool shall be divided into as many equal parts as there are' horses placed in .the first two places in .the respective divisions and allotted accordingly.

Racing clubs thus now have a wide range of alternatives to the ordinary method of dividend computation It is unlikely that clubs with electric total<?ators will at present attempt to apply the wm-and-place. system, because of the very, expensive changes that would be required m the equipment of the machines, buMjt is to te hoped that some of the smaller qlubs will shortly experiment with the latest alternative, so' as to show whether or not it has the same appeal to the racing public as it has in other countries. ..-.-.