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, 25 August 2003, No. 113, page 2981.
Change #1
This is a new rule
11.15 Triple Trio Betting with Concession
11.15.1 Interpretation
In Rule 11.15, unless the context otherwise requires: -
"Triple Trio" is a bet type whereby the Investor endeavours to select the First Three Placings in any order in each of the three Races as designated by the Board.
"Dividend Pool" means the aggregate of all investments on a Triple Trio less the deductions for Triple Trio as designated in Appendix 1.
"Concession Pool" means 13.2 per cent of the Dividend Pool.
"First Prize Pool" means 74.8 per cent of the Dividend Pool, together with:
(a) any previous First Prize Pool or Concession Pool which may have been carried forward in accordance with Rules 11.15.5 and 11.15.6; and
(b) any part or all of the Prize Reserve Pool which may have been added to the First Prize Pool under Rule 11.15.7.
"Prize Reserve Pool" means 12 per cent of the Dividend Pool.
"First Three Placings" means the Race Entrants determined as the "First Entrant", "Second Entrant" and "Third Entrant" respectively according to the Official Result, provided that:
(a) if the judge, stewards or judicial committee make an error regarding such determination and subsequently correct their error in accordance with the Rules of Racing, the First Three Placings shall be the Race Entrants which the judge, stewards or judicial committee, after correcting their error, determine to be the first three Entrants according to the Official Result;
(b) the disqualification of any Race Entrants that have been placed among the first three Entrants shall not affect the determination of the First Three Placings for the purposes of Triple Trio betting if the disqualification resulted from a protest lodged after the expiration of the period allowed by the Rules of Racing for the lodging of such protests;
(c) where a dead heat occurs, the First Three Placings shall be the first three Entrants determined as such according to the Official Result, except that:
(i) a dead heat between two or more Race Entrants may cause the number of Race Entrants eligible to fill the First Three placings to be more than three; and
(ii) where a dead heat occurs for a particular placing, all dead-heating Entrants shall be deemed to hold that placing and the immediate placing or placings below shall be skipped for the purpose of placing the other Entrants. For example, for a dead heat for second place the First Three Placings shall be as follows - "first", "second", "second"; and
(d) if the judge, stewards or judicial committee are unable or fail to determine the First Three Placings, the Board may determine the First Three Placings.
11.15.2 Races upon which the Board may conduct Triple Trio betting
Triple Trio betting may be conducted on such Races as the Board may determine from time to time.
11.15.3 Method of Triple Trio betting
A Triple Trio bet is placed by the Investor selecting at least three Race Entrants in each of the three Races of a Triple Trio.
11.15.4 Dividend Pool
The Dividend Pool shall be distributed as follows:
(a) 74.8 per cent of the Dividend Pool shall be allocated to the First Prize Pool;
(b) 13.2 per cent shall be allocated to the Concession Pool; and
(c) 12 per cent shall be allocated to the Prize Reserve Pool.
11.15.5 First Prize Pool
Subject to Rule 11.15.8, the First Prize Pool shall be distributed as follows:
(a) The First Prize Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in each of the three Races of a Triple Trio.
(b) Where the sum of winning units of betting is less than the Dividend Unit, the First Prize Pool will be declared as the Dividend, and the winning units of betting will receive their proportional share of the First Prize Pool. The balance of the First Prize Pool, less any Prize Reserve funds, will be carried forward and added to the First Prize Pool of the next Triple Trio as determined by the Board.
(c) If no units of betting have selected the First Three Placings in each of the three Races of a Triple Trio, the First Prize Pool in respect of that particular Triple Trio, less any Prize Reserve funds, shall be carried forward and added to the First Prize Pool of the next Triple Trio as determined by the Board.
11.15.6 Concession Pool
Subject to Rule 11.15.12 relating to abandonment, the Concession Pool shall be distributed as follows:
(a) The Concession Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in both of the first and second Triple Trio Races and failed to select the First Three Placings in the final Triple Trio Race. Note that this means that the entire Concession Pool will be paid out when the sum of successful units is less than the Dividend Unit.
(b) If there are no units of betting that have selected the First Three Placings in both of the first and second Triple Trio Races, the Concession Pool shall added to the First Prize Pool and be dealt with in accordance with Rule 11.15.5.
11.15.7 Prize Reserve Pool
The Board may allocate any part or all of the Prize Reserve Pool to the Dividend Pool of any bet type within the respective Code.
11.15.8 Dead Heats
(a) In the event of a dead heat for Third Place causing there to be more than Three Placings in any of the Races of a Triple Trio, all units of betting with the First Two Placings and either of the Race Entrants dead-heating for third shall be deemed to have the First Three Placings for the purpose of calculating the Dividend in accordance with Rules 11.15.5, 11.15.6, 11.15.11 and 11.15.12.
(b) In the event of a triple dead heat for Second Place causing there to be more than Three Placings in any of the Races of a Triple Trio, all units of betting with the Winner and any two of the Race Entrants dead-heating for second shall be deemed to have the First Three Placings for the purpose of calculating the Dividend in accordance with Rules 11.15.5, 11.15.6, 11.15.11 and 11.15.12.
11.15.9 Scratchings
Where a Race Entrant is Scratched from any of the three Races of a Triple Trio, the Board will substitute one of three alternative selections for that Entrant after the closing time for receipt of Triple Trio bets.
(a) The first substitute will be used for those units of betting that have a scratching and do not already include the first substitute.
(b) The second substitute will be used for those units of betting that have a scratching as well as the first substitute and do not already include the second substitute.
(c) The third substitute will be used for those units of betting that have a scratching as well as both the first and second substitutes.
11.15.10 Refunds
After the closing time for Triple Trio Investments, no Investor shall obtain a Refund except where all three of the Triple Trio Races have been abandoned, in accordance with Rule 11.15.12(d).
11.15.11 Declaration of less than Three Placings
(a) Where for any one of the Races of a Triple Trio the First Three Placings are incomplete;
(i) The Concession Pool shall be added to the First Prize Pool and the sum shall be distributed equally amongst those units of betting that have selected the First Three Placings in both of the remaining Triple Trio Races. Note that this means that the entire combined Concession and First Prize Pools will be paid out when the sum of successful units is less than the Dividend Unit.
(ii) If there are no units of betting that have selected the First Three Placings in both of the remaining Triple Trio Races, the combined Concession and First Prize Pools will be carried forward in accordance with 11.15.5(c).
(b) Where for any two of the Races of a Triple Trio the First Three Placings are incomplete;
(i) The Concession Pool shall be added to the First Prize Pool and the sum shall be distributed equally amongst those units of betting that have selected the First Three Placings in the remaining Triple Trio Race. Note that this means that the entire combined Concession and First Prize Pools will be paid out when the sum of successful units is less than the Dividend Unit.
(ii) If there are no units of betting that have selected the First Three Placings in the remaining Triple Trio Race, the combined Concession and First Prize Pools will be carried forward in accordance with 11.15.5(c).
(c) Where for all three of the Races of a Triple Trio the First Three Placings are incomplete, the Triple Trio will be abandoned and all units of betting will be refunded. Any amount brought forward to the First Prize Pool will Carry Forward in the same fashion as Rule 11.15.5(c).
11.15.12 Abandonment of Races
For the purposes of Triple Trio betting a race will also be considered "Abandoned" if the number of starters falls below three at any time. If any leg of a Triple Trio is Abandoned prior to the scheduled closing time for Triple Trio betting then the Triple Trio will be abandoned and all units of betting will be refunded. Any amount brought forward to the First Prize Pool will Carry Forward in the same fashion as Rule 11.15.5(c).
When an Abandonment occurs after the scheduled closing time for Triple Trio betting, the following rules shall apply:
(a) Where any one of the Races of a Triple Trio is abandoned:
(i) The Concession Pool shall be added to the First Prize Pool and the sum shall be distributed equally amongst those units of betting that have selected the First Three Placings in both of the remaining Triple Trio Races. Note that this means that the entire combined Concession and First Prize Pools will be paid out when the sum of successful units is less than the Dividend Unit.
(ii) If there are no units of betting that have selected the First Three Placings in both of the remaining Triple Trio Races, the combined Concession and First Prize Pools will be carried forward in accordance with 11.15.5(c).
(b) Where any two of the Races of a Triple Trio are abandoned:
(i) The Concession Pool shall be added to the First Prize Pool and the sum shall be distributed equally amongst those units of betting that have selected the First Three Placings in the remaining Triple Trio Race. Note that this means that the entire combined Concession and First Prize Pools will be paid out when the sum of successful units is less than the Dividend Unit.
(ii) If there are no units of betting that have selected the First Three Placings in the remaining Triple Trio Race, the combined Concession and First Prize Pools will be carried forward in accordance with 11.15.5(c).
(c) Where all three of the Races of a Triple Trio are abandoned or all three of the races of a Triple Trio have exactly three starters, the Triple Trio will be abandoned and all units of betting will be refunded. Any amount brought forward to the First Prize Pool will Carry Forward in the same fashion as Rule 11.15.5.
Change #2
Appendix 1
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 Betting
Unit Dividend
Unit Statutory
Deduction Dividend,
Refund, Return
Rounding Payout
Rounding %
Betting- Minimum
Unit
Win $1 $1 15.50% Nearest 10c Nearest 10c NO $1
Place $1 $1 15.50% Nearest 10c Nearest 10c NO $1
Quinella $1 $1 21.00% Nearest 10c Nearest 10c NO $1
Trifecta $1 $1 25.00% Nearest 10c Nearest 10c YES %
First4 $1 $1 25.00% Nearest 10c Nearest 10c YES %
Double $1 $1 25.00% Nearest 10c Nearest 10c NO $1
Double with concession $1 $1 25.00% Nearest 10c Nearest 10c NO $1
Treble $1 $1 25.00% Nearest 10c Nearest 10c YES %
Quaddie $1 $1 26.00% Nearest 10c Nearest 10c YES %
Pick 6 50c 50c 27.00% Nearest 10c Nearest 10c YES %
Pick 6 with concession 50c 50c 26.00% Nearest 10c Nearest 10c YES %
Place 6 $1 $1 27.00% Nearest 10c Nearest 10c YES %
Sixpack 50c 50c 26.00% Nearest 10c Nearest 10c YES %
Sixpack with concession 50c 50c 26.00% Nearest 10c Nearest 10c YES %
TAB National Syndicate $1 $1 0.00% Nearest 10c Nearest 10c NO $1
Triple Trio with concession $1 $1 28.00% Nearest 10c Nearest 10c YES %
Pick the Score $1 $1 25.00% Nearest 10c Nearest 10c NO $1
Pools $1 $1 32.50% Nearest 10c Nearest 10c NO 10c
Pools with concession $1 $1 32.50% Nearest 10c Nearest 10c NO 10c
Percentage betting minimum is the greater of $5, or 5c for each of the unique bet combinations purchased.
Change# 3
This is a new rule
Appendix #3
Percentage Priority Order for Percentage Triple Trio
The %PO for Percentage Triple Trio within each Triple Trio Race commences with those combinations involving the three lowest numbered Race Entrants, and continues in succession through those combinations with the two lowest numbered Race Entrants together with the fourth lowest, then the fifth lowest, then sixth lowest numbered Race Entrants and so on finishing with those combinations involving the two lowest numbered Race Entrant and the highest numbered Race Entrant. This order is then continued for the lowest and third lowest numbered Race Entrants together with the the fourth lowest, then the fifth lowest, then sixth lowest numbered Race Entrants and so on. This order continues until reaching the fourth highest and third highest numbered race entrants together with the second highest, and then the highest numbered race entrants, and finishes with the combination containing the three highest numbered race entrants.
The %PO for those bets with a common first Race combination, keeps that first race combination fixed whilst proceeding through the Priority order (above) for combinations in the second Race.
The %PO for those bets with a common first and second Race combination, keeps that first and second race combination fixed whilst proceeding through the Priority order (above) for combinations in the third Race.
Example: For a Triple Trio bet with Race Entrants 1, 2, 3 and 4 Boxed in the first Triple Trio race, Race Entrants 1 and 2 the Bankers with 3 and 4 in the second, and Race Entrants 1 and 4 the Bankers with runners 2 and 3 in the third race, the %PO for these 16 combinations would be:
1,2,3 / 1,2,3 / 1,2,4
1,2,3 / 1,2,3 / 1,3,4
1,2,3 / 1,2,4 / 1,2,4
1,2,3 / 1,2,4 / 1,3,4
1,2,4 / 1,2,3 / 1,2,4
1,2,4 / 1,2,3 / 1,3,4
1,2,4 / 1,2,4 / 1,2,4
1,2,4 / 1,2,4 / 1,3,4
1,3,4 / 1,2,3 / 1,2,4
1,3,4 / 1,2,3 / 1,3,4
1,3,4 / 1,2,4 / 1,2,4
1,3,4 / 1,2,4 / 1,3,4
2,3,4 / 1,2,3 / 1,2,4
2,3,4 / 1,2,3 / 1,3,4
2,3,4 / 1,2,4 / 1,2,4
2,3,4 / 1,2,4 / 1,3,4
Change #4
Percentage Priority Order for Percentage Pick6 and Percentage Place6
The %PO for Percentage Pick6 and Percentage Place6 commences with those combinations involving the lowest numbered Race Entrant in the first Race, and continues in succession through the first Race numbers finishing with those combinations involving the highest numbered Race Entrant.
These Rules come into force on 1 December 2013.
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 23rd day of October 2013.
CHRIS BAYLISS, Chief Executive of the New Zealand Racing Board.
Note: This notice replaces the amendment notice published in the New Zealand Gazette, 31 October 2013, No. 146, page 4009, which incorrectly showed the notice as signed on the 23rd day of November 2013.