What is a conditional wager?
A conditional wager allows a player to set minimum odds thresholds that must be satisfied (at a scheduled minutes-to-post timeframe) before the wager is sent to tote for processing. If the minimum odds thresholds are satisfied at the selected timeframe (relative to minutes-to-post), the bet is sent to tote for processing. Otherwise, if the minimum odds thresholds are NOT satisfied, the conditional wager ‘fails' and no bet is sent to tote. Conditional wagering enhances the bettor's ability to easily place wagers that he/she feels represent good value.
How does conditional wagering help me as a player?
• Make value oriented bets without having to constantly monitor the tote.
• Ensure fair odds when placing bets - especially when placing bets in advance.
• Avoid wagers on over bet ("underlay") horses.
How do I place a conditional wager?
Conditional wagers can only be placed online. Conditional wagers can NOT be placed when using live phone operators to place your wager. You can place your wager two different ways. When constructing a bet online, you will first need to “save” your wager rather than submitting it. Next click on the “saved” icon next to “balance”. You will now have several options for your wager. On the far right, you will see a “clock”. When you click it, you will then be given options of what you would like your minimum odds and at what MTP you would like for this wager. Once you have made your selections, you can “submit” your wager.
The 2nd option is to click on "Advanced Options" on the right where the wager is constructed. You can then click on the conditional wagering symbol which looks like a clock.
Which bet types support conditional wagering?
Conditional wagers are currently available for Win, Daily Double, Exacta, and Quinella wagers.
• Conditional WIN wagers are restricted to only those bets involving a single betting interest.
• Conditional DAILY DOUBLE, EXACTA, or QUINELLA wagers are restricted to a single (straight) combination consisting of exactly two betting interests.
• The tote only provides current odds and probable payoffs for WIN, EXACTA, DAILY DOUBLE, and QUINELLA wagers. For this reason, conditional wagers are restricted to only those bet types.
Why isn't conditional wagering available for BOX and WHEEL wagers?
Unlike STRAIGHT wagers involving a single probable payoff, there are multiple probable payoffs for BOX and WHEEL wagers (one for each possible combination). What if only five of the six combinations in a 3-horse box meet your minimum probable payoff criteria? Should the conditional 3-horse box wager "fail" and no bet be sent to tote? Or, should five individual straight exactas be automatically placed (instead of the 3-horse box)? How should the late scratch of a runner be handled? As you can see, the complexity is raised considerably for box and wheel wagers. Therefore, conditional WIN wagers are currently restricted to only those bets involving a single betting interest. And, conditional EXACTA, DAILY DOUBLE, or QUINELLA wagers are restricted to a single (straight) combination consisting of exactly two betting interests.
Are conditional wagers "fixed odds" bets? Are the minimum payoffs guaranteed?
No. The payoffs for conditional and non-conditional bets remain identical. Conditional wagers merely allow the player to define if/when a bet should be sent to tote. Conditional wagers accepted by tote may ultimately pay less than the minimum odds/minimum probable payoff since final odds and payoff information cannot be determined until all wagers have been placed into the pari-mutuel pool. Conditional wagers do NOT guarantee a minimum odds/probable payoff on your wager.
Will my conditional wager be cancelled if the odds drop after the wager is sent to tote?
No. After the conditional wager has satisfied the minimum odds/probable payoff criteria (at the scheduled time frame) and the wager has been accepted by tote, the wager will remain in the pari-mutuel pool - regardless of later odds changes.
How do I know if my conditional wager was sent to tote?
Your conditional wagers can be viewed through "Account History" (available in the drop down under "user/welcome/person icon") . You can click on your wager, and it it is a conditional wager, you will see your conditions listed under “Conditions”
The status ("Open", "Accepted", "Completed", "Cancelled", or "Failed") of any wager can be reviewed from these screens. The "status" of a conditional wager falls into one of the following states:
• OPEN: wagers have been submitted by the bettor but have NOT yet been sent to tote.
• ACCEPTED: wagers have already been sent to and accepted by tote.
• CANCELLED: wagers have been cancelled by the bettor before being sent to tote.
• COMPLETED: wagers have been accepted by tote and the results of the bet have also been settled by tote.
• FAILED: wagers have failed to satisfy their minimum odds/probable payoff criteria and were NOT sent to tote -or- the bets were rejected by tote for some reason.
Am I able to cancel my conditional wagers?
The Wager Cancellation feature enables customers to quickly and easily cancel a wager online (within reasonable pre-defined limits). "Open" conditional wagers which have not yet been sent to tote can be cancelled by clicking the trash can/cancel button.
Why isn't my account balance debited immediately after placing a conditional wager?
Account balances are not debited until the conditional wager has been successfully accepted by tote. In the event your account balance does not have the funds needed when being processed by tote, the wager will “fail”. Be sure to maintain a sufficient account balance to fulfill all of your "open" conditional wagers. Otherwise, your conditional wager(s) may be rejected by tote for insufficient funds.
If your account balance does not have sufficient funds to satisfy multiple conditional wagers made on the same race with the same scheduled timeframe (relative to minutes-to-post), the wagers will be processed in the order that (i) the condition is satisfied and (ii) the wagers were created.