October
DecemberTwo for the tote
Can you please explain formula betting on the TAB? And why does the TAB persist with duets? I believe they are a complete waste of punters’ money with no dividends of intensity.
• Tabcorp replies: Parlay Formula is a unique way to bet on the races. To parlay a bet is simply to reinvest the winning dividends from one race to a bet on a subsequent race. By parlaying the dividends of one race on to a subsequent race, the dividends are multiplied together, thereby increasing the amount of the payout.
A Parlay Formula bet can include up to six races and the formula determines the number of races over which bets are parlayed.
The formula number is also the number of races over which your bets must be successful. For example, if you take a Formula 3 bet over four races, the TAB computer will automatically generate all possible combinations of three races with this bet.
A win, place, each-way or Quinella bet can be parlayed across a number of races. An each-way bet is taken by selecting both win and place and more than one runner can be selected in each race.
Your bet may look like this:
Flemington Races
Race 3 No. 1 Win
Race 5 No. 5 Win
Race 6 No. 7 Place
Race 7 No. 9 Win
You will receive the following combination of races:
Races 3, 5 & 6
Races 3, 5 & 7
Races 3, 6 & 7
Races 5, 6 & 7
To collect a dividend, you must be successful in three of your four selected races.
If you also wanted to take this bet to cover all races, you would also select Formula 4.
When the formula number equals the number of races, the bet is said to be all-up.
When a Formula 1 is selected, the computer places individual bets on your selected races and any dividends are NOT reinvested.
As for the comment on Duet betting, the TAB provides a wide range of bet types to suit every type of punter.
Over the 2009 spring racing carnival, betting on Duets grew by more than 10 percent compared to last year.
Herne Hill (Vic)