FREQUENTLY ASKED QUESTIONS FOR ASIAN BETTING EXCHANGE

What is the new service offered by TOB?

The new service offered by TOB is the Asian Betting Exchange where customers can place a bet against others on Australian Horse Racing. The exchange is currently in use throughout Asian; thus you can access to thousands of players ready to bet against you.

Who is the Asian Betting Exchange?

The Asian Betting Exchange is an approved Betting Exchange in the Philippines. They give thousands of International players a chance to access to a wide network of punters.

What do “back bet” and “lay bet” mean?

Two services provided by the Asian Betting Exchange are Back and Lay.
A Back bet is like a standard pari-mutuel bet. It means that you are placing bets on a particular outcome to happen. Meanwhile, a Lay bet simply means you are gambling on an outcome not happening.

Example:
If you place bet on Runner 1 to win the race, you will receive a return only if Runner 1 wins the race for the Back bet and if runner 1 does not win the race for the Lay bet

Tips for requesting an Exchange wager

  • The lower the Rebate, the more attractive a Back bet will be to a Lay wager.
  • A higher rebate in a Lay bet sounds more attractive to a potential Back bettor.
  • Most trading happens closest to the start of the race; nevertheless, you can submit a bet request at any time.
  • Sports-Betting

How much do I get for a successful Back bet or Lay bet?

If you get a successful back bet, you win the Bet Amount multiplied by the Official Dividend.

Examples:

Type Runner Place Bet Amount Win

Bet Amount

Rebate Dividend Limits
Back 1 $0 $200 13% $10 | $0

If runner 1 wins the race and the official dividend is $4.00 then you receive $200 which is calculated by $200 x $2.00 = $400 and on top of that you also get your $13 rebate.

If you have a successful Lay bet you win the Bet Amount minus the Rebate amount.

Type Runner Place Bet Amount Win

Bet Amount

Rebate Dividend Limits
Lay 1 $0 $200 13% $10 | $0

If runner 1 does not win the race you have a successful Lay bet and you will receive $187 which is calculated by $200 – 13% = $187

How much do I have to give for an unsuccessful for a Back Bet or Lay Bet?

If you do not succeed with Back bet, you will have to forfeit the Bet Amount minus your rebate.

Examples:

Type Runner Place Bet Amount Win

Bet Amount

Rebate Dividend Limits
Back 1 $0 $200 13% $10 | $0

If runner 1 doesn’t win the race means that you have an unsuccessful Back Bet, you will forfeit the $88 which is calculated by $200 x (1-0.13) =$174. You still keep the rebate.

If you have an unsuccessful Lay bet you will need to deposit the Bet Amount multiplied by the Official Dividend. The difference between the funds initially held when the wager was placed and the funds owed to the backer will be returned to you upon settlement of the bet.

Type Runner Place Bet Amount Win

Bet Amount

Rebate Dividend Limits
Lay 1 $0 $200 13% $10 | $0

If runner 1 wins the race, you do not have a successful Lay bet. If the official dividend is $2.00 then you are required to pay $200 which is calculated by ($100 x $2.00).

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Why do you keep funds when I place a Lay bet?

The TOB system will keep the maximum possible payout for your lay bet. To make sure that funds are available to the backer, your lay bet should be unsuccessful. The Dividend limits multiply the bet amount which will calculate the hold. Any unmatched amount is sent back to you shortly after the race has jumped.

Why does my bet need to be matched?

All wagers are considered a request until they are matched. In order to have a matched bet, another exchange user must take the opposite view on the result of the race. This can be either the full Bet amount or some of the investment amount you nominated.

What is the official dividend?

The dividend nominated by the region Official Totalisator or Turf club is called the official dividend. Then, the official Totalisator or Turf Club will be nominated on the gambling page of Asian betting exchange.

Can I choose my own rebate percentage?

You certainly can choose your own Rebate percentage; however, your conditions must be accepted by somebody with the opposite view before a bet is matched. A bet cannot be matched if you ask for unrealistic percentage.

Are there any extra deductions when placing bets?

A 3% tax on the bet amount will be attracted for both Back and Lay bets. The tax is only imposed upon matched bets.

Can I cancel my gamble on a betting exchange?

Unmatched Bet requests can be cancelled whenever. In the case of a partially matched bet, the amount unmatched can also be cancelled. Nevertheless, if your bet had been completely matched, you will not be able to cancel the bet.

What is the smallest bet that I can place?

$5 AUD is the Minimum bet for Asian betting exchange.

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