✨ Betting Rules under the Racing Act 2003
2984
NEW ZEALAND GAZETTE
No. 113
3. INTERPRETATION
3.1 In these Rules, unless the context otherwise requires:
(a) “Account Betting” means betting using an account established for the purpose of placing bets.
(b) “Account Holder” has a corresponding meaning.
(c) “Act” means the Racing Act 2003 as amended.
(d) “Authorised Event” means a sports game, competition, or event upon which the Board may conduct sports betting pursuant to the Act by obtaining the written agreement of the appropriate New Zealand national sporting organisation or controlling body.
(e) “Betting Voucher” means a voucher (including gift vouchers) purchased by a Investor that can be used to place Investments with the Board or can be exchanged for cash.
(f) “Board” means the New Zealand Racing Board as established under the Act.
(g) “Dividends” means an amount payable from the relevant Totalisator Pool to each winning unit of betting.
(h) “Dividend Unit” means the unit of Investment upon which Dividends are declared for each totalisator bet type.
(i) “Easybet” means a bet on a nominated pool of a Race or Authorised Event where some or all of the selections are made by the Board’s computer.
(j) “Entrant” means a Race Entrant in a Race or competitor in an Authorised Event to which a number is allocated.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 113
Gazette.govt.nz —
NZ Gazette 2003, No 113
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