1484 NEW ZEALAND GAZETTE No. 58

including seven days after the dates on which they were originally scheduled.

4.4.5 Matches Forfeited

In the case of a team or player forfeiting a match, the opposing team or player shall be deemed the Winning Option encompassing all of the winning margins offered for that team or player but excluding a draw.

4.5 Points In

4.5.1 Interpretation

In these rules, unless the context otherwise requires:

“Amalgamated Dividend Pool” means a combined pool available for dividends between the New Zealand TAB and other totalisator systems.

“Points In” shall consist of a schedule of matches in which teams or players are allocated a points start.

“Winning Option” means the team, player or option acquiring the highest points after the addition of the points start in a match.

4.5.2 Object of the Game

The object of Points In is to select the Winning Option in each match included in the game.

4.5.3 Dividend Payment Priorities

(a) Subject to the provision of these Rules, the Dividend Pool, or Amalgamated Dividend Pool if amalgamation with other totalisator systems is occurring, shall be divided among those investments (New Zealand TAB and elsewhere) selecting the Winning Options in all matches making up the particular game.

(b) In the event of no investment (New Zealand TAB or elsewhere) selecting all Winning Options, the Dividend Pool, or Amalgamated Dividend Pool if amalgamation with other totalisator systems is occurring, shall be shared among investments who select the number of Winning Options in the game.

4.5.4 Postponements And Abandonments

For investments on a Points In game with one or more abandoned or postponed matches, the result of that game may be declared on those matches completed. At its absolute discretion, the Board may allow a period of up to and including seven days for a postponed match to be conducted and included in the original game.

A Points In game will become void and refunds will be made to all investors where less than three matches in the game are completed:

(a) by the Tuesday after the dates on which they were originally scheduled where amalgamation with other totalisator systems occurs; or

(b) within a period of up to and including seven days after the dates on which they were originally scheduled for otherwise.

4.5.5 Matches Forfeited

In the case of a team or player forfeiting a match, the opposing team or player shall be deemed the Winning Option encompassing all of the winning margins offered for that team or player only.

4.5.6 Extra Time Provisions

The Board shall not take into account any points scored during a penalty shoot out for the purposes of determining the result of a match for Points In.

5.0 CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING

5.1 Fixed Odds Sports Betting Rules

5.1.1 Interpretation

In these Rules unless the context otherwise requires:

“All In” means the forfeiture to the Board of all bets made in respect of a competitor which does not in fact participate in an event.

“Board” means the Totalisator Agency Board.

“Competitor” means any person or team anticipated by the board at the commencement of betting to compete in a sporting event.

“Controlling Body” means the National Sporting Organisation which has authorised Sportsbetting on the sporting event, pursuant to section 99L of the Racing Act 1971.

“Odds” means any multiple or factor from time to time set by the Board in its absolute discretion and applied at the time of betting to predetermine the payout in respect of a successful wager.

“Return” means the amount payable to a particular bettor should the result wagered upon by that bettor in fact occur and includes the amount bet upon that result.

“Refund” means the return to the bettor by cash or crediting the amount of his bet to the balance of his account.

“Sporting Event” means any lawful organised game, competition or event involving human competitors which are conducted pursuant to rules under the control of a national or international sporting organisation and for which sports betting has been authorised by a controlling body.

“Ticket” means a ticket issued by the Board in respect of any bet.

“Withdrawal” means competitors who in respect of a sporting event, or part thereof, fail to lawfully qualify, are rendered ineligible, are disqualified or otherwise for any reason whatsoever do not participate in such event.

5.1.2 Purpose of Rules

The purpose of these rules is to establish the conditions of sports betting under which investors may bet on the result of a sporting event and for which outcome the Board has determined the odds.

5.1.3 Setting the Odds

The Board shall at its sole discretion and from time to time set and vary odds for any authorised sporting event and in so doing shall not be obliged to set odds to bear any relation to the level of wagering already accepted for that event.

5.1.4 The acceptance by the Board of a bet in respect of any result at particular odds shall not require the Board to accept any other bet upon the same result at similar odds.

5.1.5 The Board may at any time both prior to the commencement and up until the close of betting discontinue the setting of odds and a decline to accept investments in respect of particular results of a sporting event.

5.1.6 The Board may refuse to accept any bet tendered without stating reasons.

5.1.7 The Board shall by electronic means or otherwise as it determines record details including as to odds offered on all bets accepted by it and shall maintain such records for a reasonable period following the conclusion of the sporting event.