Points are awarded to horses depending on where they finish in the race. This market allows buy or sell a horse’s performance allowing you to if you oppose a horse’s performance. This means if a horse loses you would in fact win. The awarding of points to the horses is dependent on the numbers of entrants in a race. Races with 11 or less runners the points are as follows: 1st = 50 points, 2nd = 25, 3rd = 10, any other place = 0. Races with 12 or more entrants will apply points as follows: 1st = 50 points, 2nd = 30, 3rd = 20, 4th = 10, any other place = 0.
In the 2011 2,000 Guineas SportsSpread quoted Frankel at 36 - 39. In traditional fixed odds terms, this meant SportsSpread regarded Frankel as the resounding favourite. If it was your belief that Frankel would win, you would buy Frankel at 39 for a stake of £/€10. Frankel went on win the race by 15 lengths so he was therefore awarded 50 points. You have therefore would have won 11 times your stake: (39 - 50) x £/€10 = 11 x £/€10 = £/€110. However if Frankel had pulled up and not been placed in the race , he would have been awarded 0 points,