Pursuant to section 52 of the Racing Act 2003, the New Zealand Racing Board hereby gives notice of the following amendments to the Betting Rules*.
Change #1
A new definition added to Rule 3.1 as follows:
(r) “Payout” means the amount that will be paid on a winning bet and includes any refunds due on that bet.
Change #2
Rule 4.1 amended to:
4.1 Compliance with these Rules and Rules of Racing
The placing and acceptance of bets and the payments of Dividends, Returns and Refunds whether on the Totalisator or at Fixed Odds, must comply with these rules and the Rules of Racing.
Change #3
A new Rule 4.12 added as follows:
4.12 Denomination to which dividends will be rounded
The denomination to which dividends, refunds, returns and payout amounts will be rounded shall be determined by the Board and may be varied from time to time at the discretion of the Board. See Appendix 1.
Change #4
A new Rule 10.7.2 (d) added as follows:
(d) The reinvestment amount shall be truncated down to the nearest whole cent.
Change #5
Rule 10.8.5 amended to:
10.8.5 Payment of dividends and refunds in respect of Percentage Bets
A winning Percentage Bet will receive the product, rounded in accordance with Appendix 1, of, the declared Dividend, and the number of dollars that the Percentage Bet had invested on the winning combination.
The total amount due in Refunds to any Percentage Bet will be rounded in accordance with Appendix 1.
Change #6
Rule 12.3 (c) amended to:
(c) All Returns will be rounded in accordance with Appendix 1 where applicable.
Change #7
Rule 14.6 (f) amended to:
(f) All ticket Returns will be rounded in accordance with Appendix 1 where applicable.
Change #8
Rule 16.4 amended to:
16.4 Returns
Multi Odds are calculated by multiplying the Odds for each individual selection, then rounding up to the nearest cent. The Multi Return is calculated by multiplying the Multi Odds by the Investment amount and rounding in accordance with Appendix 1.
Example: Auckland to beat Wellington is paying $1.70, Warriors to beat Canberra is paying $2, All Whites to beat Japan is paying $3.40.
Multi Odds = $1.70 x $2 x $3.40 = $11.56.
Multi Return for $20 Investment = $20 x $11.56 = $231.20.
Change #9
Appendix 1 is amended to:
APPENDIX 1
NB: The dividend, refund and return rounding is down to the amount stated in the table.
The Payout Rounding is down to the amount stated in the table:
Bet Type Dividend Unit Statutory Deduction Dividend, Refund, Return Rounding Payout Rounding % Betting?
Win $1 14.50% Nearest 10c Nearest 10c NO Percentage betting
Place $1 14.25% Nearest 10c Nearest 10c NO minimum is the greater
Quinella $1 21.00% Nearest 10c Nearest 10c NO of $5, or 5c for each
Trifecta $1 25.00% Nearest 10c Nearest 10c YES of the unique bet
Double $1 21.00% Nearest 10c Nearest 10c NO combinations purchased.
Double with concession $1 21.00% Nearest 10c Nearest 10c NO
Treble $1 25.00% Nearest 10c Nearest 10c YES
Pick 6 50c 26.00% Nearest 10c Nearest 10c YES
Pick 6 with concession 50c 26.00% Nearest 10c Nearest 10c YES
Sixpack 50c 26.00% Nearest 10c Nearest 10c YES
Sixpack with concession 50c 26.00% Nearest 10c Nearest 10c YES
Pick the Score $1 25.00% Nearest 10c Nearest 10c NO
Pools $1 32.50% Nearest 10c Nearest 10c NO
Min. Investment Min. Odds Dividend, Refund, Return Rounding Payout Rounding Max. Odds Max. Return
Final Field FOB $5 $1 Nearest 10c Nearest 10c – –
Futures FOB $5 $1 Nearest 10c Nearest 10c – –
Sports FOB $5 $1 Nearest 10c Nearest 10c – –
Multi FOB $5 $1 Nearest 10c Nearest 10c $10,000 $250,000
Boxed Multi FOB $5 $1 Nearest 10c Nearest 10c $10,000 $1,000,000

Channel Type Minimum Bet Value MaximumBet Value
TAB Retail Outlet $1 –
*PhoneBet – Totalisator $5 –
PhoneBet – FOB $5
Touchtone $2 –
Internet – Totalisator $1
Internet – FOB $5 –
SkyBet $5 $200
TextBet $3 $3
*A $2 Minimum Bet Value will still be available to Account Holders using the PhoneBet channel in the following circumstances:
(a) Account Holders that use the PhoneBet channel between 10.00 a.m. and 11.00 a.m. (the “Early Bird Service”) each day on which there is a Race Meeting, on the condition that:
(i) PhoneBets of a Minimum Bet Value of between $2 and $5 may not be cancelled outside of the Early Bird Service; and
(ii) Scratchings of selections that have had bets of a Minimum Bet Value of between $2 and $5 placed via the PhoneBet channel during the Early Bird Service will not be transferable to another selection, but will be refunded.
(b) Account Holders with a disability that are unable to use other betting channels. For the avoidance of doubt, Account Holders with a disability include:
(i) Those existing Account Holders known to the Board as having a disability of such a nature that restricts the use of the other channels, as determined by the Board from time to time; and
(ii) all other Account Holders, with a disability of such a nature that restricts the use of the other channels as determined by the Board from time to time, on application to the Board.
These Rules come into force on 13 November 2006.
Full copies of the Betting Rules may be inspected free of charge at TAB offices or may be purchased from the New Zealand Racing Board, P.O. Box 38-899, Wellington Mail Centre.
Dated at Wellington this 9th day of November 2006.
GRAEME HANSEN, Chief Executive, New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981