New casino-like odds & evens bets to fund million dollar NSW race
NSW has moved dangerously close to legalised online casino gambling on racing with the introduction of a new bet type that closely aligns in format to Two Up but resembles Roulette.
The new bet type is unashamedly aimed at punters who don't have the time, can't be bothered, or refuse to do the hard yards of doing racing form; and those that don't even understand the broader concepts of greyhound betting, racing and gambling.
“Our demographic is the 18's to 34's. This falls right into that demographic and obviously we're trying to capture the older demographic as well” he said.
Punters should be aware that .
How Does Odds & Evens Betting Work?
- Odds – Both first and second place would be odd numbers
- Evens – Both first and second place would be evens numbers
- Split – The first and second place are odd and evens numbers
- Example:
If the first two placegetters in a race are numbers 3 and 5, then punters who had backed Odds will win.
If the first two placegetters in a race are numbers 8 and 2, then punters who had backed Evens will win.
If the first two placegetters in a race are numbers 5 and 8, then punters who had backed Split will win
HOW DO I PLACE AN ODDS & EVENS BET?
Can't decide? Change from the list view to the wheel view on digital channels and spin the wheel for a randomised suggestion!
IS ODDS & EVENS AVAILABLE WITHIN ALL TAB JURISDICTIONS?
IS ODDS & EVENS AVAILABLE ON ALL RACING CODES?
IS ODDS AND EVENS A FIXED ODDS BET?
No, Odds and Evens is a pari-mutuel bet powered by a new innovative Tote platform Merged Pool Technology.
HOW MANY STARTERS IN A RACE ARE REQUIRED TO BE ABLE TO PLACE AN ODDS & EVENS BET?
A minimum of 2 runners with odd saddlecloth numbers and at least 2 runners with even saddlecloth numbers.
WHAT HAPPENS IF A RUNNER IS SCRATCHED?
Unlike other bet types, there are no refunds in the event of scratchings, unless a scratching results in there being less than 2 contestants with even numbers and 2 contestants with odd numbers remaining in a race.
CAN I USE MY MULTIPLIER ON MY ODDS & EVENS BET?
No.
CAN I PLACE AN ODDS & EVENS BET AT THE TRACK?
WHY DOES THE ODDS & EVENS PRICE VARY BETWEEN RACES?
WHAT HAPPENS TO MY ODDS & EVENS BET IN A DEAD HEAT?
In the case that three or more runners dead-heat for first place, or there is a dead-heat for second place, the dividend pool will be divided as many parts as there are winning odds and evens combinations.
WILL THERE BE ANY MONEY IN THE TOTE POOL FOR ODDS & EVENS?
DOES MERGING THE ODDS & EVENS POOL WITH THE QUINELLA POOL AFFECT MY PAYOUT?
When the bet types merge together a larger, more stable pool is created. The merged dividend pool will be divided among the dividend pools relative to each pool's proportion of investment in the winning combination.