Who gets the Money?

[brumbie]

Yesterday/Today I backed Jackhammer in the 6.50 at Ayr for a place @1.28 and it was a dead heat for third. For my 1 point stake I received only .64 back (so I lost altho I won). I'm sure this has been asked before but can any kind or knowledgeable soul please tell me who gets the .36 of a point that I lost as I'm fairly sure the layer wouldn't collect on a losing bet?

[Captain Sensible]

It's a winning bet for the layer. With dead heats where two selections have a payout your bet is settled by assuming half your stake won and half lost. Obviously if you dead heated second and it paid 3 places you'd be paid in full.

So the layers bet is settled as 0.5 win and pays out 0.5 * 0.28. so his return is 0.5 - (0.5x0.28) = 0.36

[brumbie]

Thanks Captain, for some reason I was thinking I would recieve %0% of the price ie:

1.14 so my stake back + 0.14 (50%)..oh well...thanks again.