Dead Heat
When two or more participants tie in a market where only one winner is expected, such as golf or racing. Dead-heat rules split the payout proportionally among the tied participants.
Like two runners crossing the finish line simultaneously: the prize money is split between them.
Why it matters
Dead-heat rules can significantly reduce your payout. In a two-way dead heat, you receive half the payout you'd get for an outright win.
How DMP uses this
DMP primarily covers player props where dead heats are rare. However, understanding the concept helps when betting tournament markets.
Common mistake
Not checking a book's dead-heat rules before placing tournament bets — some books have different rules that can dramatically affect payouts.