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
13.3 Sports Pools With Concessions (with concessions to be added)
Change #2
13.3.6 Amount Brought Forward is amended as follows:
In the event of no investor selecting the Winning Margin in all Authorised Events of a Sports Pools option, or the sum of winning units of betting is less than the Dividend Unit then all or part of the First Division Pool shall carry forward to the next round of games in a Competition until:
(a) the sum of winning units of betting on a Sports Pools option of that Competition is greater than or equal
to the Dividend Unit; or
(b) the Board determines an Option to be the last in a Competition whereby Rule 13.3.11 Termination will apply.
Change #3
13.3.8 First Division Dividend is amended as follows:
Subject to Rule 13.3.11 relating to termination, the First Division Pool shall be distributed as follows:
(a) The First Division Pool shall be distributed equally amongst those units of betting that have selected the Winning Margin in all Authorised Events of a Sports Pools Option, 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 First Division Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the First Division Pool. The balance of the First Division Pool, less any Prize Reserve funds, will be carried forward and added to the First Division Pool of the next Sports Pools Option as determined by Board policy.
(c) If no units of betting have selected the Winning Margin in all Authorised Events of a Sports Pools Option, the First Division Pool in respect of that particular Sports Pools Option, less any Prize Reserve funds, shall be carried forward and added to the First Division Pool of the next Sports Pools Option as determined by Board policy.
Change #4
New Rule
13.4 Sports Pools Without Concessions
13.4.1 Interpretation
In Rule 13.4, unless the context otherwise requires:
"Amount Brought Forward" means the amount of the First Division Pool from the previous Sports Pools Option in that Competition carrying forward to the present Sports Pools Option in that Competition.
"Authorised Events" means sporting events the Board includes in a Sports Pools Option under the Board’s agreements with various sporting bodies.
"Competition" means the series of Games designated by the Board as a Competition for the purposes of present and future Options of Sports Pools. Eg Rugby/Rugby League, Soccer.
"Dividend Pool" means the sum of money placed as bets on a Sports Pools Option less refunds and deductions. See APPENDIX 1.
"First Division Dividend" means the Dividend declared for Investments designated to win the First Division in a Sports Pools Option.
"First Division Pool" means 88% of the Dividend Pool, together with:
(a) any previous First Division Pool which may have been carried forward in accordance with Rule 13.4.6 Amount Brought Forward; and
(b) any part or all of the Prize Reserve Pool which may have been added to the First Division Pool under Rule 13.4.7 Prize Reserve Pool.
"Minimum Unit" means the minimum unit of Investment as determined by the Board. See APPENDIX 1.
"Normal Time" is the first point in time that the Authorised Event would cease if the scores were not tied. Normal time can also be variously indicated in ways such as ‘80 minutes’ ,’90 minutes’ or ‘4 quarters’ or any other way, and is the standard match time plus added (or referee’s) time for stoppages and injury. Normal time does not include any form of extra time.
"Option" means a schedule of Authorised Events designated by the Board to form a component part of a Sports Pools Option.
"Prize Reserve Pool" means 12% of the Dividend Pool.
"Sports Pools" shall consist of a schedule of Authorised Events in which a number of different possible margins between the teams in each Authorised Event are offered.
"Winning Margin" means the winning team and margin, or draw, as determined by the Board in an Authorised Event.
13.4.2 Object of the Game
The object of Sports Pools is to select the Winning Margin in all Authorised Events included in the Option.
13.4.3 Unit of Investment
The unit of investment for a Sports Pools Option is the Minimum Unit or a multiple thereof.
13.4.4 Selection of Authorised Events
Betting on a Sports Pools Option may be conducted on such Authorised Events as the Board determines from time to time. These Authorised Events may be all from one sporting code or a mixture from more than one sporting code as the Board sees fit.
At any time, the Board may have Options on one or more Competitions of Sports Pools available for sale.
13.4.5 Provision of Details
The first listed team is the home team for an event on which Sports Pools betting is operated on by the Board. In certain situations, where a neutral venue may be used, the Board reserves the right to designate a home team.
If the home and away teams are incorrectly listed, any betting to that point will be declared void and bets refunded.
13.4.6 Amount Brought Forward
In the event of no investor selecting the Winning Margin in all Authorised Events of a Sports Pools option, or the sum of winning units of betting is less than the Dividend Unit then all or part of the First Division Pool shall carry forward to the next round of games in a Competition until:
(a) the sum of winning units of betting on a Sports Pools option of that Competition is greater than or equal
to the Dividend Unit; or
(b) the Board determines an Option to be the last in a Competition whereby Rule 13.4.9 Termination will apply.
13.4.7 Prize Reserve Pool
The Board may allocate any part, or all, of the Prize Reserve Pool to the First Division Pool of any Sports Pools Option in the event that the Winning Margin in all Authorised Events are selected.
13.4.8 First Division Dividend
Subject to Rule 13.4.9 relating to termination, the First Division Pool shall be distributed as follows:
(a) The First Division Pool shall be distributed equally amongst those units of betting that have selected the Winning Margin in all Authorised Events of a Sports Pools Option, 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 First Division Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the First Division Pool. The balance of the First Division Pool, less any Prize Reserve funds, will be carried forward and added to the First Division Pool of the next Sports Pools Option as determined by Board policy.
(c) If no units of betting have selected the Winning Margin in all Authorised Events of a Sports Pools Option, the First Division Pool in respect of that particular Sports Pools Option, less any Prize Reserve funds, shall be carried forward and added to the First Division Pool of the next Sports Pools Option as determined by Board policy.
13.4.9 Termination
If the Board determines a Sports Pools Option the last in a Competition, Dividends for that Sport Pools Option will be paid out as follows:
The First Division Dividend shall be paid to those units of betting with the most number of Winning Margins in Authorised Events of a Sports Pools Option and shall be the First Division Pool divided by the number of winning units of betting.
13.4.10 Postponements and Abandonments
Where an Authorised Event of a Sports Pools Option is not completed by three days after the date on which the Sports Pools Option was scheduled to be resulted, it shall be designated as abandoned.
Where 1, 2 or 3 Authorised Events in a Sports Pools Option are designated as abandoned, all winning margins, including the draw, shall be deemed to be the Winning Margin in such abandoned Authorised Events for the purposes of Sports Pools.
Where 4 or more Authorised Events of a Sports Pools Option are designated as abandoned:
(a) All bets on that Sports Pools Option shall be refunded.
(b) The Amount Brought Forward from any previous Sports Pools Option shall be carried forward to the next Sports Pools Option in that Competition.
13.4.11 Authorised Events Forfeited
In the case of a team forfeiting an Authorised Event after the start of play, the opposing team shall be deemed the Winning Margin encompassing all of the winning margins offered for that team but excluding a draw.
13.4.12 Extra Time Provisions
The Board shall only take into account points scored during Normal Time for the purposes of determining the score in an Authorised Event for Sports Pools, unless specifically mentioned in the option description.
Change #5
Appendix 3 is amended as follows:
Percentage Priority Order for Percentage Pick6 and Place6
The %PO for both Percentage Pick6 and 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.
Change #6
New Rule
14.19 Single Option Multi
From time to time the Board may offer Single Option Multi Bets such as a "Sports Pack" or "Game Pack". Should any game within the option not be completed then all bets will Void and Stakes Refunded unless an official result has been determined. Dead Heat Rules apply.
14.19 (Now becomes 14.20)
Change #7
New Rule
12.25 Single Option Multi Bets
From time to time the Board may offer Single Option Multi Bets such as the "Favourites Pack". All selections within the option must start their respective races and not be deemed a scratching. If any named selection is late scratched then all bets will be Void and Stakes Refunded. The option is deemed to be still "live" if there are scratchings of other runners in the same races as the named selections. Dead Heat Rules apply.
12.25 (Now becomes 12.26)
12.26 (Now becomes 12.27)
Change #8
8.6 Privacy and Security of Internet Betting is amended as follows:
The Board’s computer is protected from unauthorised access by operating through an encrypted network. However, Account Holders are responsible for the confidentiality and safekeeping of their individual user identifications and Personal Identification Numbers.
The Board will in no event be liable for any damages or loss of any kind arising out of or in any way related to any authorised use of, access to, or misuse of any accounts or misuse of personal information transmitted over the internet.
The use of a correct password for an account by an Investor will be sufficient to establish the liability of the Account Holder responsible for that account. The Board will have no other obligation to authenticate account usage via the internet.
Change #9
Appendix 1 is amended as follows:
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
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.
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
These Rules come into force on 18 March 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 21st day of February 2013.
CHRIS BAYLISS, Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981