New Zealand Gazette – 1996 – No. 58

Page 1481

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✨ Betting Rules Approval

SUPPLEMENT to

New Zealand Gazette

OF THURSDAY, 6 JUNE 1996

WELLINGTON: FRIDAY, 7 JUNE 1996 — ISSUE NO. 58

Notification of Approval of Rules for Totalisator Sports Betting, Fixed Odds Sports Betting and Fixed Odds Race Betting

New Zealand Racing Industry Board

Racing Act 1971

New Zealand Racing Industry Board

Notification of Approval of Rules for Totalisator Sports Betting, Fixed Odds Sports Betting and Fixed Odds Race Betting

Pursuant to the Racing Act 1971 and its subsequent amendments on 15 December 1995, the New Zealand Racing Industry Board on the 22nd day of May 1996 resolved to approve the following Rules, with effect from 9 a.m. on Monday, 24th June 1996.

4.0 Conditions Applicable to Totalisator Sports Betting

5.0 Conditions Applicable to Fixed Odds Sports Betting

6.0 Conditions Applicable to Fixed Odds Race Betting

The Rules are as set out in the Schedule hereto.

4.0 CONDITIONS APPLICABLE TO TOTALISATOR SPORTS BETTING

4.1 Totalisator Sports Betting Rules

4.1.1 Purpose of Rules

The purpose of these rules is to make provision for the conditions under which investments will be accepted at, or through, Totalisator Agencies and for the other matters incidental to the operation of Totalisator Sportsbetting conducted under Part VB of the Racing Act.

4.1.2 Interpretation

‘‘Away Team’’ means the team designated as such by Board.

‘‘Dividend Pool’’ is the amount of money, less refunds and statutory deductions, invested in a sportsbetting Totalisator conducted under part VB of Racing Act.

‘‘Final Score’’ means the official number of points scored by each team at the conclusion of a match.

‘‘Home Team’’ means the team designated as such by the Board.

‘‘Points’’ shall include goals or runs or strokes where the words goals, runs and strokes are used to describe the scoring in a particular sport.

‘‘Points Start’’ means the number of points to be added to a team or players score for the purposes of determining the winning option.

‘‘Winning Margin’’ means the number of points difference in a final score.

4.1.3 Selection of Events

Subject to section 99J of the Act the Board may conduct Totalisator Sportsbetting on any sporting event or events whether conducted in New Zealand or outside New Zealand or on any contingency arising from an event or a sequence of such sporting events.

4.1.4 Points - Starts and Margins

The Board can set points starts and projected margins for any sporting event on which it operates Totalisator Sportsbetting.

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🏭 Approval of Rules for Totalisator Sports Betting, Fixed Odds Sports Betting and Fixed Odds Race Betting

Domain🏭 Trade, Customs & Industry
Dated22 May 1996
KeywordsBetting, Rules, Totalisator, Fixed Odds, Racing Act 1971
👩‍💼 Officials

New Zealand Racing Industry Board

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