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 published as a Supplement to the New Zealand Gazette*.
Change #1
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 will be two 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.
Change #2
APPENDIX 1 is amended with the addition of the "Place6" details in alphabetical order as follows:
BET TYPE DIVIDEND UNIT STATUTORY DEDUCTION DIVIDEND, REFUND, RETURN ROUNDING PAYOUT ROUNDING %
BETTING
-
Place6 $1 27.00% Nearest 10c Nearest 10c YES
These Rules come into force on 26 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 19th day of November 2012.
CHRIS BAYLISS, Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981