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What is a rule 4 in betting?

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The Honest Betting Reviews series of guides offers simple explanations of complex betting terms in order to break down barriers for betting novices by clearing up areas of confusion and making the uninitiated aware of the types of bet available to them. This guide looks at what rule 4 is when it comes to betting, what exactly it entails.

When does rule 4 apply in betting?

Rule 4 applies specifically to horse racing and greyhound racing when there are non-runners in an event. If there is a non-runner, but all final declarations have been made and the odds fixed to reflect this, there are industry-wide standards that apply in terms of deductions.

For example, if you have picked the second favourite in a race at odds of 6/1, and the favourite is declared a non-starter right before the race, then the second favourite will become the favourite, even though it had odds befitting that of the second favourite when you placed a bet on it.

If the new favourite then wins the race, under rule 4 a set value will be deducted from your winnings to reflect the fact that your selection was the favourite rather than the second favourite. The bookmakers will offer refunds to those who placed a bet on the non-runner..

Rule 4 can only be applied after all final declarations have been made, and this is when those who have backed a non-runner will be refunded. The final declaration stage usually occurs 24-48 hours before the race.

How much can be deducted from winnings under rule 4 in betting?

Set rules apply in terms of the deductions that can be made under rule 4 in betting, which are followed by all bookmakers in the UK. 

The amount deducted depends on how likely the non-runners were to win; if the favourite withdraws it makes it much easier for the second favourite to win, but if an outsider withdraws the second favourite still has to beat the favourite, so it is still difficult for the second favourite to win the race.

The exact amount deducted is based on the last price the non-runner was offered at because this equates to its chances of winning.

So for example, if a horse was 3/1 to win, this means it chances of winning were 25% (i.e. 1oo% divided by the decimal odds of 4.0 = 25%).

If that horse is withdrawn and declared a non-runner, then all other horses would suffer a deduction of 25% in their odds if they win.

When does rule 4 not apply in betting?

Rule 4 in betting does not apply to any ante-post races or futures markets, which involve betting on a race before final declarations are made.

If you are unlucky enough to have backed a non-runner before the final declarations are made you will not get your stake refunded. 

Why is rule 4 in betting called rule 4?

Rule 4 in betting is called rule 4 simply because it was the fourth rule in the list of rules devised to govern horse racing by Tattersall’s, one of the organisations that originally coordinated and codified horse racing in the UK and Ireland.

So that is another complicated betting term explained. We hope you found this guide helpful and, if there are other betting terms you would like to see an explanation of, check out the other guides on Honest Betting Reviews.

horse racing

Nijinsky II–Triple Crown Winner and One of the Great Race Horses of England and Ireland

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The pantheon of great British race horses has to place the Canadian expatriate Nijinsky II near the top of the heap. Although he was foaled in Canada in 1967, out of the mare Flaming Page (who shared the bloodlines of the magnificent Gallant Fox, Omaha, and Man O’War) by the equally equine royalty Northern Dancer, he was the brightest star in British racing during his illustrious career.  

While anyone who follows racing knows Northern Dancer as one of the premier studs of the 20th century, Nijinsky’s dam isn’t as world renowned (mares seldom are). But Flaming Page won not only the Canadian Oaks and the Queens Plate within eight days of each other, she came in second in the Kentucky Oaks. Nijinksy was bred to win, and win he did.

Movie Star Colt

The colt landed at Ireland’s Ballydoyle stable, the home of the great trainer Vincent O’Brien, as a yearling. He was a big chestnut colt with a heart-shaped star and three socks and had his dam’s conformation–a classic Thoroughbred head, a large, deep chest with plenty of scope, and an elegant body. The only fault in his conformation was a slight sickle to his hocks, and he was rather cow-hocked when viewed from behind.

He was a movie star of a colt, and had the temperament to match. Upon Nijinsky’s arrival at Ballydoyle be refused to eat at first, and he didn’t have many fans in the barn he was so difficult to manage.  Later he would suffer such anxiety going into the starting gate that he would work himself int a full lather in the post parade. 

The Terrible Twos

Nijinsky acted out his terrible twos when they finally would coax him out onto the turf as well–just getting him out of his box was on ordeal for the stable lads. He reared and bucked his way into the grooming and tacking stalls, but as one of the grooms noted, he had superb balance and never “toppled over”. 

O’Brien put his flat racers through a training regimen that would give today’s trainers heart attacks. No coddling around the track in a breezy hand gallop for these charges; their day began with

……a walk in the Ballydoyle training ring, followed by “the gallops” out on the rugged terrain surrounding the stable. The gallops took place over the kind of area normally associated with (fox) hunting –acres of inclines, declines and flat going.

Tough Regimen Pays Off

With Nijinsky, as with most of O’Brien’s horses, the tough regimen paid off. The big bay won his first outing as a two year old, the Erne Stakes. He went on to win his four other starts that year, and ended the season as Champion Two Year Old in Ireland and England. Each race O’Brien had his jockey push him a little harder, but by the final race at Newmarket he admitted that the colt hadn’t really been challenged to run his fastest. Nijinsky was what trainers call a “fast stayer”–a horse who can accelerate and maintain speed as often as the race requires. 

Lester Piggott and the Triple Crown

Nijinsky teamed up with the legendary jockey Lester Piggott for his three year old season, and won the British Triple Crown–the 2000 Guineas, the Epsom Derby, and the St Leger. A bad bout of colic two days before the Derby would have taken a lesser colt out of the race, but O’Brien and  his team spent hours walking the colt and treating him the with old-fashioned colic remedies (any medication would show up in post-race tests) until Nijinsky’s spasms stopped and things went back to normal. He responded with the win in what  Piggott called “an easy canter”.  

The run-up to the final race in the triple Crown, the St Leger, also challenged the colt and trainer when Nijinsky developed ringworm. A diet that included as eggs and Irish stout aided his recovery, although race watchers have speculated that O’Brien didn’t want to saddle him for the St Leger because his back was still so tender, his owner Charles Engelhard felt like it was a good start up for the Arc de Triomphe in France a few weeks later.

He won the race, but lost an alarming amount of weight (29 lbs) and his jockey said later the colt wasn’t ready to run and while he won the Triple Crown, the first horse in 35 years to do so, the race took the heart out of him and he never ran with his old joy and abandon again. 

Photo-Finish at the Arc 

He ran the Arc on October, and in a heartbreaking photo-finish run, finished second to Sassafras. They had drawn the outside post in a crowded field and analysts who reviewed the tapes later said that the outside position that day would have been impossible for any other colt to come close, much less come up to lose in such a close finish. The great colt went on to lose his last race, the Champion Stakes, and went on to Claiborne Farm in Kentucky after his retirement. He stood stud with the great American chestnut colt Secretariat at Claiborne–the first two to win their respective Triple Crowns in over a generation. 

Nijinsky lived to the ripe old age of 25, when he was euthanized after suffering from laminitis. He was buried whole in the stud cemetery at Claiborne. Some of his notable progeny include Ile de Bourbon, Caerleon, Ferdinand, Shaded, and Sharastani. 

So much of successful racetrack betting hinges on your knowledge of the bloodlines of the horses running today. 

 

 

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What is a Round Robin Bet?

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There are so many different types of bets you can place with bookmakers it can be confusing if you are new to betting, and the seemingly endless jargon can be intimidating. That is why Honest Betting Reviews is breaking down both different types of bets and betting terms to help you understand what kind of bets you can place, and what kind of bet best suits what you want to bet on.

So what is a round robin bet? The easiest way to explain it is by using an example. Say you fancy three football teams to win their respective matches on a Saturday afternoon, and you think ‘well, I am pretty sure two of these results will happen and I am reasonably confident about the third happening, but I am hesitant about betting on it in case it messes my other two bets that will win me something’. This is where a round robin helps.

You may have heard the name round robin before from sports you have participated in yourself, or from your team’s involvement in a particular competition. A round robin in these terms is simply when each team or individual in a group plays each other once. A perfect example is the World Cup, where there are four teams in a group in the first stage and each team plays each other once.

How do you place a round robin bet?

The same idea applies to round robin bets; if you choose three teams or individuals you think will win, with a round robin bet the bets will pair up so each team will be placed in a bet with another team, giving you three different bets altogether. So if you place a round robin bet on teams X, Y and Z, the pairings would work out as XY, YZ and XZ.

Obviously, round robin bets get a little more complicated if you want to place one on a larger number of teams or individuals, but bookmakers are prepared for that as they have complex algorithm calculating machines to work out the permutations for any number of selections in a round robin bet. Naturally, the selections you make the higher the stake you will have to place, so bear that in mind if you are consider placing a round robin bet on, say, an entire weekend of Premier League fixtures.

Why place a round robin bet?

The benefit of a round robin bet is that you are covered for one out of your three selections not winning, so if it turns out you had good reason to be hesitant about one of your selections, no worries – you will still have won something. If the selection you were unsure about wins but one of your other selections does not come in, even better – that means you will have won more if the former selection had longer odds than the latter.

So there we have it. If you would like to find out about other types of bets, check out the other Honest Betting Reviews guides for explanations that will help you work out what wagers you can place and when you should place them.

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What is a reverse forecast bet?

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As we carry on with the Honest Betting Reviews series that breaks down and simplifies complicated betting jargon and types of bets to enable beginners to enjoy greater variety in their betting, we come to the reverse forecast bet.

So what is a reverse forecast bet? You may well have heard of a straight forecast bet before, which is where you are looking to choose who will finish first and second in a race. As you might expect from that, this type of bet is usually reserved for horse racing and greyhound racing, but it can also be used in sports like football to predict the winners and runners-up in a league, for example.

How do you place a reverse forecast bet?

A reverse forecast is an easier bet to place than a straight forecast bet, as you just have to pick the top two finishers of a particular race or sporting event; you do not have to get the order right as long as both of your two choices finish in the top two, which definitely makes predicting the outcome easier if you are confident about who the top two competitors are, but find it difficult to pick one over the other.

The other key difference between a reverse forecast bet and a straight forecast bet is that with the former it is actually two bets you will place as, in order for you to win no matter what order your two selections finish in, you need to place two straight forecast bets – one on each possible outcome.

When should you place a reverse forecast bet?

If you were betting on horse racing, and you think horse X and horse Y will finish first and second, but you cannot predict which will finish first and which will finish second, you place a straight forecast on horse X finishing first and horse Y finishing second, and a second straight forecast on horse Y being victorious and horse X following up.

The reverse forecast bet has elements of the each way bet to it, as you are placing an extra bet to cover you if your first selection comes in second instead. Placing a reverse forecast bet costs double what placing on a straight forecast bet does, but has the added benefit of covering two outcomes.

Most bookmakers offer reverse forecast bets alongside straight forecast bets – in most cases you simply choose ‘straight forecast’ or ‘reverse forecast’ on your betting slip. You can also place what is called a tricast bet, where another selection is thrown into the mix, so forecast bets are not confined to just straight forecast bets and reverse forecast bets.

Hopefully this guide has opened up another door to the world of betting for you, and helped you discover greater possibilities when it comes to making wagers. If you are after more simple yet comprehensive explanation of betting terms and types of bet, check out the other Honest Betting Reviews guides that break down betting jargon for your reading – and gambling – pleasure.

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golf ball

Hole in one Betting Coup

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One famous betting coup in the annals of UK bookies is what was widely called “The Hole-in-One Gang,” in 1991. 

A little bit of knowledge, a dollop of psychology and a lot of moxie went a long way in earning what would have been a half-million pounds, had all the betting shops paid up.

The punters, John Carter and Paul Simons were both of Essex, and both had a background in the betting industry. They were aware that most independent bookies simply weren’t up to par on golf knowledge, nor had the resources to pay for advice about the sport, unlike the big chain bookmakers. They were also well aware of the mythology that a hole-in-one is very nearly an impossible feat.

For amateur golfers, the myth holds true–the odds of an amateur making a hole-in-one shot on a par three hole are approximately 12,500 to 1 against, according to National Hole-In-One Insurance.

Prize indemnity insurance sellers, including NHIO, can now cover tournament promoters’ losses in the event a golfer does hit a hole-in-one. Should someone actually do so, insurers will reimburse the sponsor for the prize offered. This means a hole-in-one at a specific place is definitely odds against, as otherwise, no insurance company would touch it. 

And in fact, the odds, were you to bet on a specific pro golfer to hit a hole-in-one in a specific tournament are 2500-1, per NHIO. However, they’re clear that across an entire tournament, 144 golfers, all at the top of their game, improve those odds immensely. 

NHIO, who say most websites giving odds on the subject are “unreliable,” gives the odds that one professional golfer in a four-day PGA tournament will hit an ace as even, or 1-1. 

The bookies taking Simons and Carter’s bets could not have been up on those odds, as the pair were able to get varying prices at independents across Britain and Ireland, and as much as 100-1 on an ace happening at each one of four professional events: The European and US Opens, the Volvo PGA and the Benson & Hedges.

Apparently, the bet should have been priced nearer to 30-1. According to Bookmakers1.com, they also submitted a number of combination bets, including “doubles, trebles and accumulators at similarly inflated prices.” Incredibly enough, there was a hole-in-one in each of those tournaments. Bookmakers across the nation had to pony up, other than a few who did a bunk, or simply refused to pay. 

So, the intrepid pair placed a perfectly legal series of bets and won in the neighborhood of £400,000, worth about double that at the current rate of inflation. Golf has always been one of the best-loved games for punters, because the mathematical probabilities can prove incorrect on almost any given day: 

Odds-against occurrences in recent history:

  • January 2016: Amateur golfer Margery Hadar, 73, who began playing golf at 70, hit two holes-in-one in a single round, both using her driver. GolfDigest.com estimated the odds at 67,000,000-1.
  • August 2015: A gentleman a bit over one-third her age, 28-year-old pro golfer Brian Harman, aced two holes in the same round at the 3rd and 14th holes of The Barclays PGA tournament. Unfortunately, he still tied for 30th place, even with the pair of eagles in his pocket.
  • June 2015: Patrick Wills, a 59-year-old, ex-US-Marine, amateur golfer, shot three holes-in-one, two of them on par-three holes, and one on a par-four, giving him two eagles and a double eagle, in a tournament in Virginia. His score was verified by his playing partners and the course director. He did, however, end up a bit better than Harman, walking off the course at 14-under-par.

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What is a Lucky 63 Bet?

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As part of Honest Betting Review’s series on making betting terms and different types of bets easier to understand to help the inexperienced get more from gambling, we are looking at the lucky 63 bet, and how to go about placing one.

Like the lucky 15 bet and the lucky 31 bet, the lucky 63 is a culmination of many different bets, but in this instance these are based on six selections. As you might expect, as the number of selections in a ‘lucky’ type of bets increases, so do the number of combinations that can be brought up.

How do you place a lucky 63 bet?

As you may have guessed if you have read the Honest Betting Review breakdowns of lucky 15 bets and lucky 31 bets.

Here is how it is comprised:

  • 1 Accumulator
  • 5 six-folds
  • 15 four-folds
  • 20 trebles
  • 15 doubles
  • 6 singles

placing a lucky 63 bets starts with placing an accumulator – a six-fold accumulator for this particular type of bet – which combines all of the selections for the greatest possible odds.

Next up you place six five-fold accumulators , omitting one of your six selections from each. These bring together every possible combination to provide some very respectable odds if you make the right selections.

This is followed by placing 15 different four-fold accumulators, which obviously cover a lot of possibilities. If you have researched your selections and are confident they will come in you should see some joy from the four-folds.

To round things all off, place 20 trebles, 15 doubles and six singles. This multitude of bets offers the best possible coverage of your six selections and will bring in winnings if your predictions are correct.

When do you place a lucky 63 bet?

A lucky 63 bet offers such a spread it is particularly popular with football fans looking to cover all the bases by bringing together their selections to get the longest odds possible. The great thing about a lucky 63 bet is that even if a couple of your selections fall short you are still likely to have a happy ending if four out of the six prevail, as so many bets in the lucky 63 bet will cover the winning predictions.

How do you win with a lucky 63 bet?

One correct selection or more is guaranteed generate a return. Use a betting calculator to figure out which selections would have to go your way to make you a healthy profit – this will allow you to play around with various selections to get a feel for the lucky 63 bet before placing one.

Like the lucky 15 and the lucky 31, the lucky 63 gets its name from the bonuses applied to it by bookmakers. If you succeed in getting all six predictions correct you will likely have earned yourself a nice healthy bonus on top of your returns. You are also likely to be paid a bonus if only one selection comes up short and if you end up with the wooden spoon by only choosing one winner.

 

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What is a lucky 31 bet?

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What is a lucky 31 bet?

With there being so many different betting terms it can be more than a little confusing trying to work out exactly what is going on. As part of our series to guides to betting jargon aimed at making betting accessible to the uninitiated, we are looking at the lucky 31 bet, and how best to place it.

If you already know what a lucky 15 is, you have probably already guessed that the lucky 31 bet is similar. The idea of a lucky 31 bet is to cover yourself with a wide range if bets in order to can guarantee yourself a good return by broadening the odds on selections you are confident will come in.

How do you place a lucky 31 bet?

A lucky 31 consists of 31 bets, unsurprisingly. These are 31 different bets based on five different picks that brings them all together.

  • 1 five-fold accumulator
  • 5 four-folds
  • 10 trebles
  • 10 doubles
  • 5 singles

A lucky 31 bet starts with a five-fold accumulator – placing a wager on all of five selections being successful. This naturally has the highest odds of all the bets placed as part of a lucky 31 bet.

Next is be five four-folds accumulators, which cover every possible combination. The odds will still be high, but by eliminating one of the selections for each four-fold accumulator it offers the potential for a big win even if one of the picks does not come through. This is followed by placing ten trebles, ten doubles and five singles.

The order in which the bets are placed is not important because each of the five selections appear the same number of times across the 31 bets.

What bonuses do you get with a lucky 31 bet?

As with the lucky 15, bonuses are often offered by bookmakers on lucky 31 bets if you pick five winners. If only one pick that turns out to be a loser, bonuses are paid then too. As a consolation prize, bookmakers will also offer a bonus if you only selected one winner.

When should you place a lucky 31 bet?

The lucky 31 is particularly popular with those who follow horse racing, with punters often opting for an each way bet on all their selections, meaning that 62 bets will be placed overall. Betting each way covers any picks that normally finish in the top four, but do not often finish first. Naturally, each place lower than first has progressively lower odds.

If you are pretty confident about three out of your five selections and reasonably convinced about your other two choices, a lucky 31 bet is a great way to maximise your return. If one or more selections come in on a lucky 31 bet you are guaranteed a return.

Now that you know what a lucky 31 bet is and when to place one, you will be able to tailor the types of bets you may place to what you are betting on.

For more simple descriptions and explanations of betting terms, stay tuned to Honest Betting Reviews and turn from overwhelmed betting novice to experienced betting know-all.

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Predictz Review

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Predictz is a popular website that provides a one-stop shop for football betting, with tips, statistics, results, league tables and much more. Here we have a look at what they have to offer and whether it can help your betting.

Tips

Quite amazingly, they provide tips for every game in the major leagues across the world, with not just a result predicted but scorelines as well. 

For tomorrow for example, there are over 50 matches listed, with home and away form listed for the last five games for each side, as well as the match odds.

Match Data & Odds

Then if you click through the link to any of the matches listed, you will get further data for that match, including past season results of matches between the two teams, as well as odds for the correct score, half time-full time odds, Asian handicap odds, both teams to score, over/under markets and much more.

There are also some significant statistics listed for each team, such as how many games since they scored 3 or more goals and details of their last 7 games. 

Results

Predictz also list full results for leagues across the world, which are kept fully up to date.

Statistics

If you are after some revealing statistics, you can click on their statistics page and see a wealth of significant statistics that could aid your betting. Here are a few examples from today:

  • PSG – no losses this season
  • FC Honka – No games conceding 2 goals this season
  • Club Brugge – 24 games since a draw
  • Paris FC – 24 games since winning
  • Macclesfield – no away draws this season

Form

You can also see the same information but presented in a different format by clicking on the “form” page and then seeing things like:

  • Most games since a win
  • Most games since a loss
  • Best average goals per game
  • Most games since an away loss
  • Worst average goals per away game

So all of this should be a great help with your betting and we can see why this website is popular with the punters. Certainly if you are not using these kinds of stats in your football betting, it may well be worth having a look at a website like Predictz.

 

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What is a Lucky 15 Bet?

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As part of our mission to review betting systems we are breaking down the many terms involved in betting in order help you get to grips with them and widen the range of bets you are able to place. Here we look at lucky 15, a term you may well heard if you have ever been to a day at the races.

How do you place a lucky 15 bet?

What exactly does a lucky 15 entail? Quite a bit, as it happens – 15 bets in total, although you do not win anything for guessing that. The bets that make up a lucky 15 are not the same, though – it is made up from four different selections.

Here is how a lucky 15 bet is comprised:

  • 1 four-fold accumulator
  • 4 trebles
  • 6 doubles
  • 4 singles

The first set of wagers is a four-fold accumulator, which is of course a single bet linking together four selections that is dependent on them coming in together, followed up with four trebles, six doubles and, finally, each selection placed as a single.

Each of the selections has the same effect on returns with a lucky 15 bet, so the order in which the bets are placed is not important.

When should you place a lucky 15 bet?

Lucky 15 bets are extremely popular in horse racing as it is a good way of backing horses that are favourites, but do not offer much in the way of returns if backed individually. A lucky 15 bet means you cover yourself with multiple bets, so when you have a good feeling about a few selections, but do not feel entirely sure, a lucky 15 bet offers effective coverage and a higher chance of a positive outcome.

What do you need to win a lucky 15 bet?

With so many different results matched up together, getting three selections right will leave you well off even if you miss the fourth. To tempt you, bookmakers often offer a bonus if all the selections come in, often a very reasonable ten per cent extra.

There are also consolation prizes available if you only pick one winner out of the four, such as the odds of your sole correct prediction being doubled, which can make up for the loss somewhat. Bonuses are rarely if ever paid on each way parts of a lucky 15 bet though.

It is also worth noting that, since lucky 15 bets are usually only available at horse and greyhound racing, if you pick a non-runner it may invalidate the whole bet, or at least the parts of it featuring the defunct selection.

Hopefully you now have an understanding of what a lucky 15 is, how to go about making your selections and what returns you can expect if your selections are correct.

If you are after explanations of other betting terms and breakdowns of types of bets to further your understanding of betting, you can find these elsewhere on Honest Betting Reviews. These will give you an idea of what type of bets you can place and help you figure out what type of bet will best suit what you are betting on.

 

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What is a Canadian Bet?

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Continuing with our series removing the mystery from betting terms that may put potential punters off getting involved in gambling, we look at the Canadian bet.

So what is a Canadian bet? If nothing springs to mind it is not likely to be something that you would consider placing.

How do you place a Canadian bet?

A Canadian bet is also known as a Super Yankee – allegedly because an American won a fortune with one – and is very similar to the lucky 31 bet.

Here is how a Canadian Bet is comprised:

  • 1 five-fold accumulator
  • 5 four-folds
  • 10 trebles
  • 10 doubles

It is made up of 26 bets across five selections, with the first bet being a five-fold accumulator with all five picks matched together for the highest odds of any of these bets.

This is followed up by five different four-folds, with one result removed from each wager here. These still offer decent odds, improve your chances of winning by reducing the number of picks.  

The rest of a Canadian bet consists of ten trebles, which involves every permutation of the five selections matched up in threes, and ten doubles. In fact, the only difference between a Canadian bet and a lucky 31 is that the latter also includes five singles on each of the selections.

What do you need to win a Canadian bet?

If all the outcomes were evens, and we will say they are for to make this easier to follow, then you would need four of the five selections to come true in order to make a profit, and if all five are correct predictions you will see the best return by far.

The trick with a Canadian bet is to make selections that you believe are as close as you can get to a sure thing – do not worry about the odds, worry about the outcome. A minimum of two selections must come in in order to gain a return, but aim for three.

Of course, in reality it is not so simplistic and so if you are looking to see what kinds of returns you can get by placing a Canadian bet, it is best to use a betting calculator as the odds will likely all be different and thus difficult to calculate in your head. Betting calculators are available on most bookmakers’ websites, and through some independent websites.

Who places Canadian bets?

Place a Canadian bet if you are bored with making simple multiple bets and want to move on to something more complex. The Canadian bet is ideal in this scenario because it gives you the chance to string a lot of multiple bets together.

Canadian bets are popular with horse racing fans, as they gives them a lot of coverage and also the potential to have all of the selections as each way, so they can in effect place 52 different bets and still get a return if their choices do not finish first.

So there we have it, another betting term broken down to make it is easier to understand, and broaden the variety of bets you are able to place.

 

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