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:
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 15.50% Nearest 10c Nearest 10c NO Percentage betting
Place $1 15.50% 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
Double $1 25.00% Nearest 10c Nearest 10c NO purchased.
Double with concession $1 25.00% Nearest 10c Nearest 10c NO
Treble $1 25.00% Nearest 10c Nearest 10c YES
Quaddie $1 26.00% Nearest 10c Nearest 10c YES
Pick 6 50c 27.00% 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 $1 $1 Nearest 10c Nearest 10c - $500,000
Fixed Odds Sports Bet $1 $1 Nearest 10c Nearest 10c - $500,000
Multi FOB $1 $1 Nearest 10c Nearest 10c $10,000 $250,000
Boxed Multi FOB $1 $1 Nearest 10c Nearest 10c $10,000 $500,000
Change #2
APPENDIX 6 is amended by the addition of "(f)" and "(g)" as follows:
(f) Statutory deduction - Win
The statutory deduction for commingled Win Pools will be 14.5%.
Where a Pool is scheduled to be commingled, but the Board decides to un-commingle the pool before any betting data is exchanged with Tabcorp, then the statutory deduction for that Win pool will be the statutory deduction as listed in APPENDIX 1.
(g) Statutory deduction - Place
The statutory deduction for commingled Place Pools will be 14.25%.
Where a Pool is scheduled to be commingled, but the Board decides to un-commingle the pool before any betting data is exchanged with Tabcorp, then the statutory deduction for that Place pool will be the statutory deduction as listed in APPENDIX 1.
These Rules come into force on 1 October 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 22nd day of August 2012.
CHRIS BAYLISS, Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981