What is a Dead Heat?
A Dead Heat occurs when two or more competitors finish tied in a race (usually in horse racing and greyhound racing). In a two-way dead heat, odds are paid to half the stake. For example, if you placed $24 on a horse at +900 ($10.00), it would return $120 (12 x $10.00). In a three-way dead heat, odds are paid to one third of the stake. Using the same example, it would return $80 (8 x $10.00).