18 Racing (Thoroughbred/Harness/Greyhounds)
18A Where there are eight (8) or more runners in a race, a place dividend shall be paid on first, second and third places.
18B Where there are seven (7), six (6) or five (5) runners in a race, a place dividend shall be paid on first and second places only. When a client has bet on a tote based product, place wagers will pay down to however many placings the major Australian TABs determine as appropriate for that bet type. Major Australian TABs shall be defined as the Victorian TAB (STAB), the NSW TAB and the Queensland TAB.
18C Where there are less than five (5) runners in a race, all wagers shall be on a 'Win Only' basis. If late scratchings of a runner/s reduces the field below five (5) runners, all non-tote place bets will be refunded if there is no possibility for a collect.
18D If a runner is scratched, all bets placed after the declaration of the final field, will be refunded on that runner (providing the bet was not placed prior to the barrier draw on an 'All-In' basis). All other runners will be subject to a deduction, applicable to the face value of winning bets where the bet was placed at a fixed price, for either: Win, Each Way, or Place Only. (Refer to the Maximum Table of Deductions in Section 18 below.)
18E Below is a description of Colossalbet Racing Products on offer. Depending on the status of the race meeting, differing products will be available daily as stated on the Colossalbet website.
(a) BestDiv Plus SP (tote derivative): This product is the best of either the "Best of the 3 Australian TAB Prices" or the Colossalbet Starting Price (Colossalbet SP). Colossalbet SP only applies to the Win Portion of the bet.
(b) BestDiv (tote derivative): This product is the best of the 3 Australian TAB prices.
(c) TopFluc (fixed odds derivative): This product is equal to the highest fluctuation declared on course. This only applies to the Win Portion of the bet.
(d) MidDiv (tote derivative): This product is the middle dividend of the 3 Australian TAB prices.
(e) Exotics (tote derivative): For Australian races and STAB commingled pools on international races; Quinella, Exacta, Trifecta, First Four and Quadrella are paid at the dividend declared by the Victorian TAB (STAB) subject to the payout limits in clause 9E.
(f) Exotics (fixed odds derivative): For races where Australian TABs run ‘B’ pools and for races not covered by STAB pools; Quinella, Exacta, Trifecta, First Four are paid at prices derived from the Colossalbet SP, maximum prices are outlined in clause 20A(a).
(g) AusDiv (tote derivative): This product is the weighted average price of the 3 Australian TAB prices.
(h) Fixed Odds: Fixed Win & Place odds are available on the Colossalbet website and once confirmed, are not subject to fluctuation.
(i) Tote +X% (tote derivative): This product pays the Tote Dividend with the winnings portion increased by the percentage (X%) displayed for the product at the time the bet is placed. The dividend is calculated as: ((Tote Dividend − 1) × (1 + X%)) + 1. For example, a Tote Dividend of $5.00 with Tote +10% pays ((5.00 − 1) × 1.10) + 1 = $5.40. The Tote Dividend used is the one specified for the product on the Website or app. Tote +X% is subject to the same conditions and protections as Colossalbet's other tote derivative products, including clauses 18F(c), 18F(d), 18F(e), 18F(k) and 18F(n) and the payout limits in clause 9E. Where a dividend is limited or replaced under any of those clauses, the X% boost does not apply and the limited or replacement dividend is paid. Tote +X% may be offered on any bet type, as displayed for the product.
18F Products subject to conditions detailed below:
(a) Colossalbet Starting Price (Colossalbet SP) is the Colossalbet Fixed Odds Win and Place bet type prices when the race jumps and is subject to deductions where applicable.
(b) Tote Dividend(s) refer to any dividend declared by the Victorian TAB (STAB), NSW TAB (NSW) or Queensland TAB (QLD/UNI).
(c) Colossalbet may place a limit on the final odds of tote derivative products. If any Tote Dividend is more than 50% higher than the Colossalbet SP or a fixed odds price derived from Colossalbet SP for the equivalent bet type, Colossalbet reserves the right to pay a dividend equal to Colossalbet SP for win and place bet types and a dividend equal to the Colossalbet Fixed Odds Derivative for exotic bet types.
(d) If a tote pool goes down and parimutuel betting is affected, then Colossalbet reserves the right to pay a dividend equivalent to Colossalbet SP.
(e) In the event that one of the Major Australian TABs for promotional reasons or otherwise, returns elevated dividends due to them foregoing their normal take-out margin, Colossalbet reserves the right to declare its BestDiv and BestDiv Plus SP products at the higher of the other two Australian Totes.
(f) If a meeting is abandoned or postponed to another date, single bets are void and wagers will be refunded. Affected multi bets will be recalculated excluding that leg.
(g) Where a race meeting is transferred from one racecourse or surface to another, on the same racing day, all betting rules and limits will apply as if the meeting was not transferred, providing the same scratchings remain unchanged.
(h) In the event a change of course or surface change occurs, and scratched runners are reinstated, all previous bets taken on the race are void.
(i) Regardless of whether a futures event (all in betting) has been abandoned, postponed or transferred from the original date, all bets placed prior to the barrier draw stand until the completion of the event. All bets placed after the final field is announced will be subject to refund and members must resubmit new wagers on the event.
(j) Colossalbet reserves the right to cancel any bet where Colossalbet considers the bet is unfairly advantaged in regards to starting times of events.
(k) In the event of a dead heat, where such an option was not offered for betting purposes, the ticket will be paid out at face value divided by the number of Dead Heating winners of the event. If the bet was placed on a tote product, Colossalbet pays on the re-calculated tote dividends.
(l) The Colossalbet products and wager types are intended for bona fide clients, that is, those clients who act at all times in good faith, sincerely, without fraud and who place wagers with Colossalbet for the purpose of recreation and entertainment.
(m) If no bet type is specified, the default bet type will be a win only bet at the applicable tote-based product.
(n) At the discretion of Colossalbet management, Tote pools of under $500 may be disregarded in the calculation of BestDiv and MidDiv dividends.
(o) Any wager on the field proposition in favourite versus field markets is not subject to any deduction or increased by any percentage due to scratchings. Normal scratching rules apply if a wager is placed on the listed favourite at the time.
(p) If a favourite is scratched, all wagers on the field against that nominated favourite in favourite versus field markets are void.
(q) Colossalbet reserves the right to refuse the whole or part of any wager.
(r) Favourite versus field bets stand regardless of any late scratchings. Any runner which is scratched after a bet on the field is placed will receive an 'inverse deduction' whereby an extra dividend is paid to offset the reduction in chances of a field bet being successful. The official deduction declared next to the runner will be used as the 'inverse deduction'.
(s) If a client contacts Colossalbet Customer Support (support@colossalbet.com.au or live chat) before the race commences, Colossalbet management may consider voiding the wager prior to the race commencing.
Maximum table of deductions
The following deductions apply to the face value of fixed odds winning bets when a runner is scratched. Deductions are applied based on the scratched runner's price at the time of scratching.
| Odds | Win deduction | 3-place deduction | 2-place deduction |
|---|---|---|---|
| $1.05 | 0.80 | 0.30 | 0.44 |
| $1.06 | 0.80 | 0.30 | 0.44 |
| $1.07 | 0.80 | 0.30 | 0.44 |
| $1.08 | 0.80 | 0.30 | 0.44 |
| $1.09 | 0.80 | 0.30 | 0.44 |
| $1.10 | 0.80 | 0.30 | 0.44 |
| $1.12 | 0.80 | 0.30 | 0.44 |
| $1.14 | 0.80 | 0.30 | 0.44 |
| $1.16 | 0.80 | 0.30 | 0.44 |
| $1.18 | 0.79 | 0.30 | 0.44 |
| $1.20 | 0.78 | 0.30 | 0.44 |
| $1.22 | 0.77 | 0.30 | 0.44 |
| $1.24 | 0.75 | 0.29 | 0.43 |
| $1.26 | 0.74 | 0.29 | 0.43 |
| $1.28 | 0.73 | 0.29 | 0.43 |
| $1.30 | 0.72 | 0.29 | 0.42 |
| $1.35 | 0.69 | 0.29 | 0.42 |
| $1.40 | 0.67 | 0.28 | 0.41 |
| $1.45 | 0.64 | 0.28 | 0.41 |
| $1.50 | 0.62 | 0.28 | 0.40 |
| $1.55 | 0.60 | 0.27 | 0.39 |
| $1.60 | 0.58 | 0.27 | 0.39 |
| $1.65 | 0.57 | 0.27 | 0.38 |
| $1.70 | 0.55 | 0.27 | 0.38 |
| $1.75 | 0.53 | 0.26 | 0.37 |
| $1.80 | 0.52 | 0.26 | 0.37 |
| $1.85 | 0.51 | 0.26 | 0.36 |
| $1.90 | 0.49 | 0.25 | 0.36 |
| $1.95 | 0.48 | 0.25 | 0.35 |
| $2.00 | 0.47 | 0.25 | 0.35 |
| $2.05 | 0.46 | 0.25 | 0.35 |
| $2.10 | 0.45 | 0.24 | 0.34 |
| $2.15 | 0.43 | 0.24 | 0.34 |
| $2.20 | 0.42 | 0.24 | 0.33 |
| $2.25 | 0.42 | 0.24 | 0.33 |
| $2.30 | 0.41 | 0.24 | 0.33 |
| $2.35 | 0.40 | 0.23 | 0.32 |
| $2.40 | 0.39 | 0.23 | 0.32 |
| $2.45 | 0.38 | 0.23 | 0.32 |
| $2.50 | 0.37 | 0.23 | 0.31 |
| $2.60 | 0.36 | 0.22 | 0.30 |
| $2.70 | 0.35 | 0.22 | 0.30 |
| $2.80 | 0.33 | 0.21 | 0.29 |
| $2.90 | 0.32 | 0.21 | 0.29 |
| $3.00 | 0.31 | 0.21 | 0.28 |
| $3.10 | 0.30 | 0.20 | 0.27 |
| $3.20 | 0.29 | 0.20 | 0.27 |
| $3.30 | 0.28 | 0.20 | 0.26 |
| $3.40 | 0.27 | 0.19 | 0.26 |
| $3.50 | 0.27 | 0.19 | 0.25 |
| $3.60 | 0.26 | 0.19 | 0.25 |
| $3.70 | 0.25 | 0.19 | 0.25 |
| $3.80 | 0.25 | 0.18 | 0.24 |
| $3.90 | 0.24 | 0.18 | 0.24 |
| $4.00 | 0.23 | 0.18 | 0.23 |
| $4.20 | 0.22 | 0.17 | 0.23 |
| $4.40 | 0.21 | 0.17 | 0.22 |
| $4.60 | 0.20 | 0.16 | 0.21 |
| $4.80 | 0.19 | 0.16 | 0.21 |
| $5.00 | 0.19 | 0.16 | 0.20 |
| $5.50 | 0.17 | 0.15 | 0.19 |
| $6.00 | 0.16 | 0.14 | 0.18 |
| $6.50 | 0.14 | 0.13 | 0.16 |
| $7.00 | 0.13 | 0.12 | 0.16 |
| $7.50 | 0.12 | 0.12 | 0.15 |
| $8.00 | 0.12 | 0.11 | 0.14 |
| $8.50 | 0.11 | 0.11 | 0.13 |
| $9.00 | 0.10 | 0.10 | 0.13 |
| $9.50 | 0.10 | 0.10 | 0.12 |
| $10.00 | 0.09 | 0.10 | 0.12 |
| $11.00 | 0.08 | 0.09 | 0.11 |
| $12.00 | 0.08 | 0.08 | 0.10 |
| $13.00 | 0.07 | 0.08 | 0.09 |
| $14.00 | 0.07 | 0.07 | 0.09 |
| $15.00 | 0.06 | 0.07 | 0.08 |
| $16.00 | 0.06 | 0.07 | 0.08 |
| $17.00 | 0.05 | 0.06 | 0.07 |
| $18.00 | 0.05 | 0.06 | 0.07 |
| $19.00 | 0.05 | 0.06 | 0.07 |
| $20.00 | 0.05 | 0.05 | 0.06 |
| $21.00 | 0.04 | 0.05 | 0.06 |
| $26.00 | 0.03 | 0.04 | 0.05 |
| $31.00 | 0.03 | 0.03 | 0.04 |
| $41.00 | 0.02 | 0.03 | 0.03 |
| $51.00+ | 0.02 | 0.02 | 0.02 |