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
APPENDIX 1 is amended as follows:
Appendix 1
(a) Account Holders that use the PhoneBet channel "Early Bird Service", available each day between the hours stipulated for that service on www.tab.co.nz, on which there is a Race Meeting, on the condition that:
Change #2
Rule 11.8 TRIFECTA BETTING is amended as follows:
RULE 11.8.1 Interpretation
"Succeeding Trifecta Race" means in relation to a Trifecta Race ("Initial Trifecta Race"):
(a) The next Trifecta Race (if any) conducted at the same Meeting as the Initial Trifecta Race; or if there is none
(b) A Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial Trifecta Race.
Change #3
Rule 11.12 FIRST4 BETTING is amended as follows:
RULE 11.12.1 Interpretation
"Succeeding First4 Race" means in relation to a First4 Race ("Initial First4 Race"):
(a) The next First4 Race (if any) conducted at the same Meeting as the Initial First4 Race; or if there is none
(b) A Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial First4 Race.
Change #4
Rule 11.13 QUADDIE BETTING is amended as follows:
RULE 11.13.1 Interpretation
"Succeeding Quaddie" means in relation to a Quaddie ("initial Quaddie") a Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial Quaddie.
Change #5
APPENDIX 4 is amended as follows:
FINAL FIELD DEDUCTION FORMULA
The nearest whole number percentage, using Swiss Rounding, obtained by dividing 80 by the product of the number of RBPs multiplied by the Odds for the Race Entrant at the time it was Scratched from a Race, provided the Odds are less than or equal to Maximum Deduction Odds
= 80/(RBPs x Odds) (Rounded to nearest whole number).
Maximum Deduction Odds shall be $35.00
Example: Where a Race Entrant paying $5.00 to Win and $1.33 for a place (3 RBPs) is Scratched, the Return on successful Final Field Win Bets placed prior to that Scratching will be subject to a deduction of 16% (80/(1x5)). Successful Final Field Place Bets will be subject to a deduction of 20% (80/(3x1.33)).
Change #6
Rule 12.19 SPECIAL OPTIONS is amended as follows:
12.25 Special Options
From time to time the Board may offer special options on Fixed Odds Race Betting. The applicable condition relating to that special option will be displayed in the option notation on the Board’s website at the time of offering the market.
Change #7
Rule 12.20 DECISIONS OF THE BOARD ARE FINAL is amended as follows:
12.26 Decisions of the Board are Final
All decisions of the Board concerning Fixed Odds Race Betting, including the declaration and payment of Returns and the interpretation of these Rules, shall be final and binding upon all Investors and upon every person making a claim under these Rules.
Change #8
New Rule
12.19 Winning Margin Betting
(a) Margin betting will be available on selected races and is paid on the official margin (winning distance) between the
1st and 2nd horses as declared by the Judge.
(b) Margins results are settled on a first past the post basis. Any subsequent changes in 1st and/or 2nd placings, have no bearing on official margins and are ignored for settlement purposes.
(c) A race must have at least two starters, otherwise the Option will be abandoned and all bets refunded. In the event of only one Race Entrant finishing a race, the highest margin selection will be deemed the winner. Where no official result is declared (no finishers or a no-race) the Option will be abandoned and all bets refunded.
(d) No changes to margins at a later date will change the winning margin selection that has already been paid.
Change #9
New Rule
12.20 Favourites Challenge
Odds will be offered on how many races, at a particular meeting, will be cumulatively won by the Favourite in each
race. The Favourite in each race will be unique, and will be the runner declared as the "Sub" for Totalisator betting
on the New Zealand TAB after each race is paid. If a Favourite Dead-Heats for 1st, it will be counted as half a win. Unless the result has already been determined - ie the highest number of Favourites selection has already been attained, if the meeting is abandoned at any point, then the option will be abandoned and all bets refunded.
Change #10
New Rule
12.21 Group versus Group Betting
(a) Odds will be offered on two or more Groups of two or more runners within one race.
Examples:
Fancies vs The Rest (two favoured runners versus the balance of the field).
Fillies and Mares vs Colts, Geldings and Entires.
Location of Winning Trainer (North Island, South Island, Australia).
(b) Group versus Group betting will only be offered on Races where Final Field Win betting is also offered.
The scratching from any Group, of any Race Entrant paying less than $10 on the Final Field Win Option at the
time of scratching will cause the Group versus Group Option to be abandoned and all bets Refunded. All Group versus Group Bets will stand if such a scratching is paying $10 or more on the Final field Win Option.
(c) Where the entire race field is included within the Groups, the winning Group will be the one that includes the Winner. Dead Heat Rules apply.
(d) Where the entire field is not included within the Groups, the winning Group will be the one that includes the highest placed entrant from all of the Groups. Dead Heat Rules apply.
Change #11
New Rule
12.22 Jockey, Driver or Trainer Premierships
Select the jockey/driver or trainer to record the most official wins in the selected official Premiership. Dead-Heat rules apply. Bets are accepted on an all-in basis, all bets stand whether there are injuries to jockeys/drivers or trainers or whether jockeys/drivers/trainers leave the country during the premiership period.
Change #12
New Rule
12.23 Jockey/Driver Head to Heads
Points are awarded for each jockey’s/driver’s runners when they are placed and the most points will determine the jockey’s/driver’s head to head winner. Points will be allocated as per Jockey Challenge rules (12.15) 3 points are awarded for first, 2 points for second and 1 point for third. If two or more jockeys/drivers finish on the same number of points, Dead-Heat rules apply. Bets are accepted on an all-in basis. If a jockey/driver is forced to stand down for the day because of injury or illness or has transport difficulties and arrives late, all bets stand. If a named jockey/driver does not ride/drive in at least one race, all bets will be refunded.
Change #13
New Rule
12.24 Winning Race Time- "Stop The Clock"
Betting on the winning race time will be available on selected races. The winning race time will be the race time recorded (whether it be recorded electronically or hand-held) that is declared in the official result. If no official race time can be declared after the race, the option will be abandoned and all bets refunded.
Change #14
New Rule
12.18.2 Greyhound Box Challenge
(a) A Box Challenge will be available on selected greyhound meetings.
(b) The most Box wins at this selected meeting will determine the Box Challenge winner. If two or more boxes record the same number of wins, dead heat rules apply.
(c) The "Box" is defined as the greyhound Box Number from which the greyhound jumps in the race. Rug numbers have no significance in the Box Challenge. Where a reserve greyhound gains a start, the Box Number it jumps from will be its sole determining factor in the "Box Challenge".
(d) All Box Challenge bets are accepted on an all-in basis up to the start of the first race. There will be no refunds for vacant boxes. There will be no refunds for late scratchings.
(e) If a race(s) is declared a no-race(s), no wins will be awarded for that race(s) and bets will still stand on the Box Challenge without this race(s).
(f) In the event of a race meeting being moved to another venue or postponed before a Box Challenge race is run, all bets are void and stakes are to be refunded.
(g) In the event a race meeting has already started and is not completed as originally programmed, all Box Challenge bets shall be refunded, except when more than half of the scheduled races are run at which time the leading "Box(s)" will be determined the winner(s).
(h) If a race finishes as a dead heat, each box will receive a "half-win", likewise if it is a three-way dead heat, each box will receive a ‘one-third win’ and so on.
These Rules come into force on 15 August 2012.
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 9th day of July 2012.
BILL COLGAN, Interim Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981