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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
This is a New Rule
11.14 Place6 Betting
11.14.1 Interpretation
In Rule 11.1, unless the context otherwise requires:
"Place6" is a bet type whereby the Investor endeavours to select a Placed Entrant in each of the six Races as designated by the Board.
"Dividend Bearing Places" on a Race that is a leg of a Place6, means the number of parts that the Dividend Pool for Place Betting on that same Race, will be divided and is determined as follows:
(a) Dividend Bearing Places will be zero if the number of Race Entrants in a race is four or fewer. In such cases all Entrants in the Race will be deemed to be Placed Entrants for purposes of Place6 betting.
(b) Dividend Bearing Places where the number of Starters is five, six or seven. In such cases the first and second Entrants will be Placed Entrants for the purposes of Place6 betting.
(c) Dividend Bearing Places will be three where the number of Starters is eight or more. In such cases the first, second and third Entrants will be Placed Entrants for the purposes of Place6 betting.
"Placed Entrant" means any of the Race Entrants determined as gaining a Dividend Bearing Place in accordance with Rule 11.6
"Succeeding Place6" means in relation to a Place6 ("initial Place6") the next Place6 at a Race Meeting selected by the Board.
11.14.2 Races upon which the Board may conduct Place6 betting
Place6 betting may be conducted on such Races as the Board may determine from time to time.
11.14.3 Method of Place6 betting
A Place6 bet is placed by the Investor selecting a Race Entrant or Entrants in each of the six Races of a Place6.
11.14.4 Dividend Pool
The Dividend Pool shall be distributed as follows:
(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the six Races of a Place6, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.
(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.
(c) If no units of betting have selected a Placed Entrant in each of the six Races of a Place6, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.
11.14.5 Dead Heats
In the event of a dead heat for a Place in any of the Races of a Place6, all such dead-heating Race Entrants shall be deemed to be a Placed Entrant for the purpose of calculating the Dividend in accordance with Rules 11.1.4.
11.14.6 Scratchings
Where a Race Entrant is Scratched from any of the six Races of a Place6, the Board will substitute an alternative selection for that Entrant after the closing time for receipt of Place6 bets.
11.14.7 Refunds
After the closing time for Place6 Investments, no Investor shall obtain a Refund except where four or more of the Place6 Races have been abandoned, in accordance with Rule 11.1.11(d).
11.14.8 Abandonment of Races
(a) Where any one of the Races of a Place6 is abandoned:
(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other five Races of the Place6 and any Race Entrant in the abandoned Race.
(b) Where any two of the Races of a Place6 are abandoned:
(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other four Races of the Place6 and any Race Entrant in the two abandoned Races.
(c) Where any three of the Races of a Place6 are abandoned:
(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other three Races of the Place6 and any Race Entrant in the three abandoned Races.

(d) Where any four or any five or all six of the Races of a Place6 are abandoned:
(i) Place6 investments will be refunded
(ii) The amount brought forward from any previous Place6 shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.
These Rules come into force on 19 November 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 18th day of September 2012.
CHRIS BAYLISS, Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981