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What are Deductions?

Matt avatar
Written by Matt
Updated over 7 months ago

Deductions are applied to reflect the changes in race conditions when a runner/runners are removed from a race. Deductions apply only to Fixed Odds bets, win and place, on bets struck prior to a selection being removed from the market.

The deductions can be found via the Racing > Schedule of Deductions available via https://crossbet.com.au/help/terms-and-conditions

For example

  • A $100 bet is placed at odds of $5.

  • One of the horses in the race is scratched at odds of $10.

  • According to the Racing Schedule of Deductions the deduction is 6%.

  • The new price of your selection is $5.00 * (1-.06) = $4.70

Another way of calculating the deductions:

  • $100 win bet x odds of $5 = $500 return

  • $500 return * 6% deduction = $30 deducted

  • $500 - $30 = $470 actual return

If you believe you've been incorrectly paid on a bet as a result of a deduction, please reach out to our Customer Service team via customerservice@crossbet.com.au.

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