✨ Totalisator Race Investment Rules
25 AUGUST NEW ZEALAND GAZETTE 3011
10.3 Dividend Unit
Subject to Rule 4.10, Dividends declared will be based on a unit of Investment determined by the Board. See Appendix 1
In circumstances where a Dividend Pool is to be paid out and there are no winners, ie countback provisions have been exhausted and the Dividend Pool is distributed amongst all units of betting, eg a Double result of Any/Any, then the Dividend will be less than the Dividend Unit for that bet type.
10.4 Approximate Totalisator Dividends
The approximate totalisator Dividends offered in respect of an event are indicative Dividends calculated by reference to the overall betting pool. The final Dividends will not be known by the Board until the betting pool has closed in respect of the relevant event. The actual Dividends payable will be calculated in accordance with these Rules upon closure of the betting pool.
10.5 Refund of Investments
(a) The Board shall refund bets only where at least one of the following Rules applies:
(i) Rule 10.5 (b), relating to the Scratching of Race Entrants;
(ii) Rule 10.6, relating to the postponement or abandonment of Race Meetings;
(iii) Rule 10.7.3, relating to the Scratching of Entrants from a Race in respect of which All Up bets have been placed;
(iv) Rules 11.1.11 and 11.2.12, relating to the abandonment of Races on which Pick6 betting will be conducted;
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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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Rules Relating to Totalisator Race Investments
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