New Zealand Gazette – 2003 – No. 113

Page 2985

✨ Betting Rules Definitions

25 AUGUST NEW ZEALAND GAZETTE 2985

(k)
"Identification" means such documentary evidence containing
signature verification as the Board deems acceptable from time
to time.

(l)
"Investment" means a bet placed on a Race or Authorised
Event.

(m)
"Investor" means a person who invests money on a Race or
Authorised Event.

(n)
"Joker" is a selection made by the Board’s computer.

(o)
"Odds" means the ratio of Return to Investment for a Fixed
Odds bet.

(p)
"Official Result" is a ruling made by the Official Controlling
Body of a particular sport in respect of the result of an event
conducted by that body at the immediate conclusion of that
event and may include same day protests, place changes or
disqualifications.

(q)
"Order for Payment" means the point in time at which the
judge, stewards or judicial committee authorise the Board to
result a Race.

(r)
"Race" means a galloping Race, a harness Race or greyhound
Race as the case may require.

(s)
"Race Meeting" means a meeting held on a day for the
purpose of conducting Races upon which Investments are
accepted by the Board.

(t)
"Refunds" means an Investment returned to an Investor.

VUW Te Waharoa — NZ Gazette 2003, No 113

Gazette.govt.nz — NZ Gazette 2003, No 113

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✨ LLM interpretation of page content

🏭 Betting Rules under the Racing Act 2003 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsRacing Board, Betting Rules, Racing Act 2003, Race Betting, Totalisator, Fixed Odds Race Betting, Fixed Odds Sports Betting

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