Yes I know How most Offshore Books work when dealing with Horses, and I will agree that Bookmaker is probably the Best when wagering on Horses. The guy that runs the Horse book is a friend.
But not sure if you are Right about this case. Because a Similar rule is Stated in their rules
under betting & Odds http://www.bookmaker.eu/rules
- 1. There is a maximum net profit on each individual race based on the track category. Daily Doubles, Pick 3's and Pick 4's count towards the last race in its sequence when calculating the race profit. The formula will be Net Profit equals Net Payout For Race minus Total Amount Wagered For Race. This resets for every individual race.
- 2. There is a $20,000 limit, per horse per bet type for show bets. Any wager placed above this amount will be considered "No Action".
- 3. There are no house odds. If there are no track payoffs for a certain type of wager, all wagers on that type will be refunded.
What they mean is;
If they had for example a daily double as a wagering option for races 3 and 4 at track ABC but theres no "pool" or daily double for that race track for races 3 and 4 at that track
all monies would be refunded.