Deductions are a percentage taken off the fixed price due to scratchings.
Deductions are a standard practice in Australia across all bookmakers. All Fixed Odds racing bets (Thoroughbred, Harness and Greyhounds) may face deductions if a scratching occurs after your bet is placed.
How are deductions calculated?
The formula below can be used to calculate and determine the payout of your bet once deductions has been applied.
- Stake x Odds = Return of Original Payout
- Return of Original Payout x Deductions per dollar = Deducted amount
- Return of Original Payout - Deducted Amount = Actual Payout
Example of the payout.
$10 stake x $3.50 odds = $35 potential payout
$35 potential payout x $0.20 deduction per dollar (20%) = $35 x 0.20 = $7 deducted amount
$35 potential payout - $7 deducted amount = $28 return
You can find the relevant scratchings and deductions section on the race results page where applicable. This section is located underneath the exotics section on the page. In the example below, the scratching of Bentley caused an 18c deduction for win bets and a 14c deduction for place bets.