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Notice Type
General Section
Notice Title

Betting Rules Amendment Notice (No. 1) 2018

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.

Deleted words are struck out and in red.

These amendments to the Betting Rules are as follows:

12.9 Venue/Distance Changes

[DELETE]

(a) If the venue is changed for a Race on which Fixed Odds Race Betting is operating, all bets placed up until the time of the change will be refunded and if time permits, new Options will be opened

(b) When the distance for a Race on which Fixed Odds betting is operating is changed, the following will apply:

i) If the distance is altered by five percent or more of the originally scheduled distance of the Race, all bets will be declared void and refunded.

ii) If the distance is altered by less than five percent of the originally scheduled Race distance, all bets will stand and betting will continue.

12.10 Provision of Details for Futures Race Betting

[DELETE]

(a) Subject to 12.10(b), Futures Fixed Odds Race Betting is “All-In”.

(b) The Board will use reasonable endeavours to acquaint itself with details of any Scratchings in respect of a particular Race. In any case where the Board was aware or ought to have been aware of a Scratching and continues to accept bets in respect of a result directly relating to that Race Entrant, the Board may in its discretion refund the amount of such bet upon which it shall have no further liability.

12.9 Venue/Distance Changes

[INSERT]

(a) If the venue is changed for a Race on which Fixed Odds Race Betting is operating, all bets placed up until the time of the change will be refunded and if time permits, new Options will be opened.

(b) When the distance for a Race on which Fixed Odds betting is operating is changed, the following will apply:

i) If the distance is altered by ten percent or more of the originally scheduled distance of the Race, all bets will be declared void and refunded.

ii) If the distance is altered by less than ten percent of the originally scheduled Race distance, all bets will stand and betting will continue.

12.10 Provision of Details for Futures Race Betting

[INSERT]

Notwithstanding Rule 12.11:

(a) Subject to 12.10(d), Futures Fixed Odds Race Betting is “All-In” and all Futures Fixed Odds Race Bets stand until the completion of the event.

(b) Futures Fixed Odds Race Bets will not be refunded unless the relevant Code determines that the relevant Race, on which Futures Fixed Odds Race Betting is operating, will not be run during that year or racing season. For example, if New Zealand Thoroughbred Racing determines that the Auckland Cup will not be run in the relevant racing season then all Futures Fixed Odds Bets placed on that Auckland Cup will be refunded.

(c) For the avoidance of doubt, an event will not be deemed abandoned (for the purposes of Futures Fixed Odds Race Betting) if any date, venue, or distance (unless Rule 12.9(b)(i) applies) change is made in respect of a Race.

(d) The Board will use reasonable endeavours to acquaint itself with details of any Scratchings in respect of a particular Race. In any case where the Board was aware or ought to have been aware of a Scratching and continues to accept bets in respect of a result directly relating to that Race Entrant, the Board may in its discretion refund the amount of such bet upon which it shall have no further liability.

These Rules come into force on 11 April 2018.

Full copies of the Betting Rules may be inspected on request at TAB offices or downloaded from the New Zealand Racing Board website: www.tab.co.nz.

Further enquiries can be made to New Zealand Racing Board, PO Box 38899, Wellington Mail Centre, Lower Hutt 5045.

Dated at Wellington this 21st day of March 2018.

JOHN ALLEN, Chief Executive of the New Zealand Racing Board.