WIN AND PLACE

Rotorua Morning Post, Volume 2, Issue 451, 8 February 1933, Page 6

WIN AND PLACE

system explained ROTORUA RACING CLUB ADOPTS NEW TOTALISATOR METHODS EXAMPLES OF DIVIDENDS In keeping with other up-to-date clubs, the Rotorua Racing Club, at its executive meeting the other evening, decided to adopt the "Win and Place" system of betting at its f orthcoming meeting. There seems to be some lack of knowledge of this system in the public mind, but in reality it is simplicity itself. In former times there were two dividends in races in which there were six unbracketed starters or more and the dividends were paid out in the proportion of 75 per cent. on the first horse and 25 per cent. on the second horse, the third horse paying nothing, Of course both these dividends were paid out of the pool after the statutory deductions had been made'. In other words there were two sets of persons who collected a dividend. The win and place system allows of four sets of persons collecting after each race in which there are more than seven starters. Briefly the system is as follows: — In a four-horse race there is only one dividend. In a five-horse race there are two dividends. In a six-horse race there are. three dividends. In a seven-horse race there are three dividends. In an eight-horse race there are four dividends. These are made up in this way: — In the four-horse race one can back for a win only (as formerly). In the five-horse race one can back for a win or a place (one more dividend than formerly) . In a six-horse race one can back for a win or a place (two more dividends than formerly). In a seven-horse race similarly to a six. In an eight-horse race for a win or three place dividends. In the win machine the bettor places his investment on any horse (or bracket) he desires and if that horse wins he collects his share of the whole of the pool on the win machine less the 172' per cent. deducted from the total in the usual way. If his horse runs second or third he tears up his ticket with appropriate remarks. It is valueless and he gets no diwie. The Place Machine If he desires to back a horse for a place he makes an investment on the place machine which operates as follows : — Two, three or four horses, no dividend (machine not open). Five horses, dividend if his horse runs first or second. Six horses and seven horses same as for five horses. - Eight horses, dividend if his horse runs first, second or third. Over eight horses, sarae as for eight. The dividends are made. up as follows : — In the case of a five, six or sevenhorse race, the dividend to win is as previously and two place dividends made up of the pool less 175 per cent. split up between the two horses (first and second) in the ratio of 50 per cent. each and the price will be according to the number of tickets on each. Eight horses or over. Dividend to win as previously mentioned and three place dividends made up of the whole of the place pool, less 175 per cent., which is divided into three equal parts and allotted to each horse, the return being in proportion to the number of tickets on the horse. concerned. Examples may be cited of the case of a race in which there are eight unbracketed starters. Call the horses A, B and C. Win Pool Amount on machine, £100 A carries £41 5s. B carries £10. C carries £31 5s. Other starters carry £17 10s, between them. Pool £100 less 175% equals £825. A wins and pays £2 for £1. B no dividend. C no dividend. B wins and pays £8 6s, the. club retaining the fraction 3 d. on each ticket. A no dividend. C no dividend. C wins and pays £2 13s 6d, the club taking the fraction. A no dividend. B no dividend. Place Pool Talce for example an eight-horse race and neglecting the actual figures on the other horses allc>w that A, B and C ran first, second and third, and remember that it does not actually matter which won or which did not providing that they wer.B all placed. The position would then be in a place. pool of £1000 in which the three were backed to carry — A £41 5s. B £10. C £31 5s. Other horses carry £825 between them. The total pool would be £1000 off which would have to come £175 deductions, leaving a balance of £825 which would result — A would pay £6/11/- each £1 ticket. B would pay £27/10/- ea. £1 ticket. and C would pay £4/7/- for each ticket, neglecting fractions in the A and B dividends, which would be retained by the club. It would not matter which of them won providing they were placed one, two or three. If any other horse won and A and B were placed, A's and B's dividends would still be the same as above and similarly with B and C, or A and C. A Five-Horse Race In a five-horse race in which there are horses A, B, C,D and E and assuming the pool to be £1000 to win and £1000 for a place and the investments as under the result would be — Win Pool £109 less £175 equals £285. A carries £100. B carries £200. C carries £300. D carries £200. E carries £200. A wins, pays £8/5/-, B C D E no div.

B wins, pays £4/2/6, A C D E no div. C wins, pays £2/18/6, A B E no div. D wins, pays £4/2/6, A B C E no div. E wins, pays £4/2/6, A B C D no div. Place Pool £100 less £175 equals £825. A placed one or two, pays £2/15/-. B placed one or two, pays £1/7/6. C placed one or two, pays 18/6. D placed one or two, pays £1/7/6. E placed one or two pays £1/7/6. It will be seen that in every case except that of C which is a favourite carrying almost one-third of the investments the placed horses show a profit. These examples should malce the position a little clearer for punters who have not yet seen the machine in operation.