How do you find using the New Zealand Gazette? Please give your feedback by completing this survey.

Notice Type
General Section
Notice Title

Amendments to the Betting Rules

Pursuant to sections 52 and 54 of the Racing Act 2003, the New Zealand Racing Board hereby gives notice of the following amendments to the Betting Rules published as a Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981.
Change #1
Rule 3 INTERPRETATION is amended as follows:
3 Interpretation
(s) "Official Result" in the case of:
(i) an Authorised Event is a ruling in respect of the result made by the official controlling body of a particular sport as immediately declared after the event. Subsequent protests, appeals or disqualifications will not be recognised or considered for betting purposes. Bets will be Settled on the Official Result unless stated otherwise; and
(ii) a Race Meeting is the determination, made in accordance with the Rules of Racing, of the official placings of Race Entrants in a Race.
Change #2
Rule 3 INTERPRETATION is amended as follows:
3 Interpretation
(x) "Returns" means a sum of money that is paid out on a Fixed Odds Winning Selection and is, subject to Rules 12.5, 14.16 and APPENDIX 1, the product of Odds times Investment.
Change #3
Rule 7 RULES FOR ESTABLISHING AND OPERATING A BETTING ACCOUNT is amended as follows:
7.2 Establishing a Betting Account
(b) The applicant must be 18 years of age or older and must have their identity and age verified by the Board.
The acceptable methods of verification by the Board of age and identity are specified in APPENDIX 2.
Change #4
Rule 7 RULES FOR ESTABLISHING AND OPERATING A BETTING ACCOUNT is amended as follows:
7.9 Payment of Dividends, Returns and Refunds
Dividends, Returns and Refunds will be credited to the Investor’s account in accordance with Rule 4.15.
There is a limit on the maximum Return for Fixed Odds Race Bets, Fixed Odds Sports Bets, Multi and Boxed Multi bets. Refer to Rules 12.5, 14.16, 16.1 and APPENDIX 1.
Change #5
Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING is amended by the addition of the following
new rule:
12.1 Purpose of Rules
The purpose of Rule 12 is to establish the conditions of Fixed Odds Race Betting under which Investors may bet on the result of Fixed Odds Race Betting and for which result the Board has determined the Odds. Rule 12 is to be read subject to any specific provisions in Rule 16 CONDITIONS APPLICABLE TO MULTI BETTING.
Change #6
Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING is amended as follows:
12.2 Interpretation
"Fixed Odds Race Bet" is a bet type whereby the Investor bets on the result of an authorised Race and for which the Board has determined the Odds and includes both Futures Fixed Odds Race Betting and Final Field Betting, Driver/Jockey Challenge Betting, Head to Head Betting, Group Betting, Odds v Evens Box Numbers betting and special options that the Board may offer from time to time.
"Fixed Odds Race Betting" has a corresponding meaning.
Change #7
Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING is amended by the addition of the following new rule:
12.5 Limitation on maximum Return
There is a limit on the maximum amount that can be won by one Investor on Fixed Odds Race Bets, Multi and Boxed Multi bets. The current maximums are detailed in APPENDIX 1. These limits will apply to any one Investor in any one day’s business, and where there is a mix of products the lowest limit will apply. These limits will be applied even if the bet is struck and the calculated theoretical Return exceeds the maximum.
Should the Board have reason to believe that a number of bets have been placed by one Investor, or group of Investors acting together, backing the same combination of selections even if it is done in a series of bets, at a range of prices, over a number of days using different Betting Accounts or betting channels the total Return for all those bets combined will be limited to one single maximum Return.
Change #8
Rule 14 CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING is amended as follows:
14.1 Interpretation
"Official Result" is a ruling in respect of the result made by the official controlling body of a particular sport as immediately declared after the event. Subsequent protests, appeals or disqualifications will not be recognised or considered for betting purposes. Bets will be Settled on the Official Result unless stated otherwise.
Change #9
Rule 14 CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING is amended as follows:
14.16 Limitation on maximum Return
There is a limit on the maximum amount that can be won by one Investor on Fixed Odds Sports Bets, Multi and Boxed Multi bets. The current maximums are detailed in APPENDIX 1. These limits will apply to any one Investor in any one day’s business, and where there is a mix of products the lowest limit will apply. These limits will be applied even if the bet is struck and the calculated theoretical Return exceeds the maximum.
Should the Board have reason to believe that a number of bets have been placed by one Investor, or group of Investors acting together, backing the same combination of selections even if it is done in a series of bets, at a range of prices, over a number of days using different Betting Accounts or betting channels the total Return for all those bets combined will be limited to one single maximum Return.
Change #10
Rule 16 CONDITIONS APPLICABLE TO MULTI BETTING is amended as follows:
16.1 Interpretation
"Multi Return" means the product of Multi Odds times the Investment, subject to Rules 12.5, 14.16 and APPENDIX 1.
Change #11
APPENDIX 1 Maximum returns for Fixed Odds Betting is amended as follows:
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
First4 $1 25.00% Nearest 10c Nearest 10c YES combinations purchased.
Double $1 25.00% Nearest 10c Nearest 10c NO
Double with concession $1 25.00% Nearest 10c Nearest 10c NO
Treble $1 25.00% Nearest 10c Nearest 10c YES
Quaddie $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
TAB National Syndicate $1 0.00% Nearest 10c Nearest 10c NO

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
Fixed Odds Race Bet $5 $1 Nearest 10c Nearest 10c - $500,000

Fixed Odds Sports Bet $5 $1 Nearest 10c Nearest 10c - $500,000

Multi FOB $5 $1 Nearest 10c Nearest 10c $10,000 $250,000
Boxed Multi FOB $5 $1 Nearest 10c Nearest 10c $10,000 $500,000
These Rules come into force on 12 April 2011.
Full copies of the Betting Rules may be inspected on request at TAB offices, downloaded from the New Zealand Racing Board website
www.nzracingboard.co.nz
or may be purchased from the New Zealand Racing Board, PO Box 38899, Wellington Mail Centre, Lower Hutt 5045.
Dated at Wellington this 10th day of March 2011.
BILL COLGAN, Acting Chief Executive of the New Zealand Racing Board.