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Notice Type
General Section
Notice Title

Amendments to the Betting Rules

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
Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING is amended as follows:
12.2 Interpretation
"Return Bearing Placings (RBPs)" Like Dividend Bearing Placings for totalisator betting, RBPs are the number of Placings in an option that Returns will be paid on.
Final Field Win betting has one RBP.
Final Field Place betting has two RBPs if there are five, six or seven non scratched Race Entrants at the time that the Final Field Place betting option is opened for betting.
Final Field Place betting has three RBPs if there are eight or more non scratched Race Entrants at the time that the Final Field Place betting option is opened for betting.
Final Field Top Four has four RBPs.
Change #2
Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING is amended as follows:
12.13 Dead Heats
(a) Subject to Rule 12.13(b), in the event of a dead heat between any of the Entrants in a Race on which Final Field and/or Futures Fixed Odds Race Bets have been placed, the amount to be paid to successful bets in respect of such Entrants shall be the Return multiplied by the number of Return Bearing Positions involved in the deadheat divided by the number of Race Entrants involved in the deadheat.
Example: If there is a deadheat for third in a race with three RBPs, then returns on the deadheaters will be multiplied by ½ (1 Return Bearing Position [3rd] / 2 Race Entrants)
If there is a triple deadheat for second in a race with three RBPs then returns on the deadheaters will be multiplied by 2/3 (2 Return Bearing Positions [2nd & 3rd] / 3 Race Entrants)
(b) Where the Board has offered as a separate selection a dead heat between any of the entrants in a Race on which Final Field and/or Futures Fixed Odds Race Bets have been placed, such a dead heat shall be declared the Winning Selection.
Change #3
Appendix 4 FINAL FIELD DEDUCTION FORMULA is amended as follows:
Final Field Deduction Formula
80 divided 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)
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)).
These Rules come into force on 3 March 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 2nd day of February 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