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Horse Betting Rules

iWager.com has created this comprehensive resource section to assist both novice and experienced horse bettors.

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(Effective January 19th 2009)

Note: this is in addition to our present house rules
Click here to read House Rules and Regulations

Wagers are accepted until post time. If a wager is made after the race has begun, it will not be accepted. We do not assume liability for wagers that are unsuccessfully entered before post time. Please insure to check the pending wagers screen before logging out to see that your wagers where accepted.

Once you confirm a bet online, your wager is considered final, we cannot cancel confirmed wagers.


PK3 and PK4 Grading and Payout Rules

All PK3 and PK4 tickets are paid out based on the official race results as published by the host track at which the race was run. If there is a scratched horse in any PK3 or PK4, only combinations including the scratched horse will be refunded

We do not recognize consolation payouts, such as payouts on scratched horses, 2 out 3 special Pick 3 payout and/or 3 out of 4 special Pick 4 payout. Whenever a track pays "ALL" in any of the positions of the Pick 3 or Pick 4 only wagers with the WINNING horse will be paid.

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Daily Double Grading and Payout Rules

All Daily Double tickets are paid out based on the official race results as published by the host track at which the race was run. If there is a scratched horse in a DD, only combinations including the scratched horse will be refunded.

We do not recognize consolation payouts, such as payouts on scratched horses. Whenever a track pays "ALL" in any of the positions of the Daily Double only the wagers with the WINNING horse will be paid

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Rebates

A rebate of 3% will be paid on all Win, Place and Show bets and 8% on Exotic wagers on a daily basis. There are no minimum daily volume requirements and there is no maximum on how much you can earn. No rebate will be given on cancelled wagers or wagers refunded due to a scratch.

Important Note: 3% & 8% Rebates only applies to wagers placed through the horse wagering interface. It does not apply to any matchups or other wagers made through the sportsbook login.

**Win, Place and Show wagers that pay $2.20 or less are not eligible for a rebate.


Odds and Limits

Win, Place, Show wagers pay full track odds. All Exotic wagers pay full track odds up to a maximum pay out of CLICK HERE.

Each event has a bet limit (typically $1,000.00).

There are no house odds. If there are no track payoffs for a certain type of wager, all wagers on that type will be refunded.

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Track Limits and Categories

Click Here for Track Limits


Scratches

If a horse is scratched, all Win/Place/Show wagers placed via the racing interface will be refunded. (This does not apply to 'Odds to Win' bets placed via the sportsbook.  On those bets a scratch counts as a loss).

Only the portion of Exacta/Trifecta/Superfecta/Quinella combos that contain the scratched horse will be refunded.

In case a horse is considered a Non Starter by the track, that horse will be considered a scratch and refunded accordingly.

In exotics wagers (Exacta, Trifecta, Superfecta, Quinella) scratches will be refunded. We do not honor "ALL" payouts in any exotic wager. If there is an "all" payout, this will be replaced by the horse that came in that position rightfully and wagers will be graded accordingly.

On Daily Doubles, Pick 3 and Pick 4 wagers, a scratch will result in an automatic refund of the combination including the scratched horse.

There will be no consolation payouts, special payouts such as 2 out of 3 and/or Pick 3 out of 4 in a Pick 3 or Pick 4 will be considered consolation payouts, whenever that happens the Pick 3 and/or Pick 4 will be paid with the rightful winner for each race involved in the Pick 3 and/or Pick 4

 

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