Sports Betting Rules




4410 NEW ZEALAND GAZETTE No. 187

Time” any further scoring such as extra time or overtime will not be taken into account.

“Pools” shall consist of a schedule of Authorised Events in which a number of different possible margins between the teams or players in each Authorised Event are offered. “Prize Reserve Pool” means 5% of the Dividend Pool.

“Winning Margin” means the winning team, or player, and margin, or draw, as designated by the TAB in an Authorised Event.

13.6.2 Object of the Game

The object of a “Pools” Game is to select the Winning Margin in all Authorised Events included in the Game.

13.6.3 Unit Of Investment

The unit of investment for a “Pools” Game shall be $1.

13.6.4 Selection of Authorised Events

Betting on a “Pools” Game may be conducted on such Authorised Events as the TAB 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 TAB sees fit. At any time, the TAB may have Games for one or more Competitions of “Pools” available for sale.

13.6.5 Amount Brought Forward

In the event of no investor selecting the Winning Margin in all Authorised Events of a “Pools” Game, the First Division Pool shall continue to carry forward to the next Game in a Competition until:

(i) the First Division Pool can be divided amongst those investors selecting the Winning Margin in all Authorised Events in the Game; or

(ii) the TAB determines a Game to be the last in a Competition whereby the Termination Rule (13.6.7) will apply.

13.6.6 Prize Reserve Pool

The TAB may allocate any part, or all, of the Prize Reserve Pool to the First Division Pool of any “Pools” Game in the event that the Winning Margin in all Authorised Events are selected.

13.6.7 First Division Dividend

Except where a “Pools” Game is to be terminated, the First Division Dividend shall be the First Division Pool divided by the number of units of investments selecting the Winning Margin in all Authorised Events of a “Pools” Game.

13.6.8 Concession Dividend

Except where a “Pools” Game is to be terminated, the Concession Dividend shall be the Concession Pool divided by the number of units of investments selecting the most number, but not all, of Winning Margins in Authorised Events in a “Pools” Game.

13.6.9 Termination

If the TAB determines a “Pools” Game the last in a Competition, dividends for that “Pools” Game will be paid out as follows:

The First Division Dividend shall be paid to those units of investment with the most number of Winning Margins in Authorised Events of a “Pools” Game and shall be the First Division Pool divided by the number of winning units of investment.

The Concession Dividend shall be paid to those units of investment selecting the next highest number of Winning Margins in the “Pools” Game, after that required for First Division, and shall be the Concession Pool divided by the number of winning units of investment.

13.6.10 Postponements And Abandonments

Where any Authorised event of a “Pools” Game is not completed by the Tuesday after the date on which its was originally scheduled to be completed:

(i) Investments made for that “Pools” Game shall be refunded.

(ii) the Amount Brought Forward from any previous “Pools” Game shall be carried forward to the next “Pools” Game.

13.6.11 Authorised Events Forfeited

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

13.6.12 Extra Time Provisions

An Authorised Event shall be deemed to finish at the end of “Normal Time” with no points scored in extra-time or penalty shoot-outs considered.

PICK THE SCORE PROPOSED NEW PRODUCT
%
Investment 100.00
Dividends 75.00
Deductions 25.00
Sports Levies 6.80
Govt Duty 5.00
G.S.T. 2.78
Margin 10.42
Retailers 3.54
Promotion, other costs and profit 6.88

1 8% for Rugby, 5% for League - There will be an approximate 60/40 ratio.
2 3.8% for Agents, 2.5% for Sub-Agents - Assume a conservative 80/20 ratio.

J. R. ALEXANDER, Chief Executive.



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✨ LLM interpretation of page content

🏭 Rules and Deduction Levels for the New Totalisator Sports Bet Product (continued from previous page)

🏭 Trade, Customs & Industry
Racing Act, Totalisator Sports Bet, Rules, Deduction Levels
  • J. R. Alexander, Chief Executive