Horse Racing

EXPLAINING PARLAY OR ACCUMULATOR BETTING

Friday, March 22, 2019

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BETTING POOLS USED FOR PARLAY WAGER

A Parlay bet is limited to Win and Place. A punter may select a horse to Win, Place or a combination of both Win and Place.

NUMBER OF RACES REQUIRED FOR A PARLAY WAGER

• When selecting a Parlay bet the punter must combine at least two races but not more than six races. The races in a parlay must be in chronological order but do not need to be consecutive races.

• Note, that a punter may select multiple horses in one or more legs of a parlay bet.

UNIT COST FOR A PARLAY WAGER

• The unit cost for a Parlay wager is $50.00. This amount will increase with the number of selected horses. The first Leg of a Parlay wager will determine the value that the punter will pay for the ticket purchase.

• Parlay wagers will be added directly to the betting pool that is selected for each leg and will impact on the wagering odds when displayed.

Scratched horse in a Parlay Bet

• If all horses in a middle leg of a Parlay are scratched, that leg is treated as a refund and the total balance is carried over to the next leg.

• If all horses in the final leg of a Parlay are scratched, the bet pays out the balance heading into the last leg.

• However, if there are multiple horses and just one scratches, your bet will automatically be redistributed equally between your 'live' runners.

CANCELLATION OF A PARLAY BET

• Parlay wagers may be cancelled by the ticket holder in accordance with the Pari-mutuel rules, only before the start of the first parlay leg in which a parlay selection starts.

• Parlay wagers that are not cancelled prior to the start of the first leg, must be completed or terminated by operation of these rules in order to be entitled to a payout.

Example of a Parlay bet

$100 Parlay

Race 1 – Win horse # 3 + 4

Race 2 – Win horse # 1

Race 5 – Win & Place horse # 2

Race 8 – Win & Place horse # 1

If Horse #3 or 4 wins Race 1 and pays $1,000.00 for a $100.00 bet, your bet will automatically roll over to $2,000.00 to Place on horse #1 in Race 2.

If the Win pay-out for your horse in Race 2 is $200.00, your bet will automatically roll to Race 5, where you'll have $8,000.00 divided in equal amounts ($4,000.00) for the Win and Place bets on horse #2.

Since Race 8 is the last leg of your Parlay, your Parlay 'winnings' will be the result of the amount bet on horse # 1 for both Win and Place bets.


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